Forum Markets (NASDAQ:FRMM) Major Shareholder Konstantin Lomashuk Sells 3,702 Shares of Stock

Forum Markets, Inc (NASDAQ:FRMM) major shareholder Konstantin Lomashuk sold 3,702 shares of Forum Markets stock in a transaction dated Tuesday, July 7th. The stock was sold at an average price of $6.41, for a total transaction of $23,729.82. Following the transaction, the insider owned 1,483,687 shares of the company’s stock, valued at approximately $9,510,433.67. The trade was a 0.25% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Large shareholders that own at least 10% of a company’s shares are required to disclose their sales and purchases with the SEC.

Konstantin Lomashuk also recently made the following trade(s):

• On Wednesday, July 8th, Konstantin Lomashuk sold 1,100 shares of Forum Markets stock. The shares were sold at an average price of $6.13, for a total transaction of $6,743.00.

Forum Markets Price Performance

Shares of Forum Markets stock opened at $5.90 on Friday. Forum Markets, Inc has a 1 year low of $1.76 and a 1 year high of $174.60. The company has a debt-to-equity ratio of 0.15, a current ratio of 6.19 and a quick ratio of 6.19. The stock’s 50 day moving average is $5.01. The firm has a market cap of $85.79 million, a P/E ratio of -0.16 and a beta of 1.37.

Forum Markets (NASDAQ:FRMM) last issued its quarterly earnings data on Thursday, May 14th. The company reported ($3.64) earnings per share (EPS) for the quarter. The firm had revenue of $2.86 million during the quarter. As a group, research analysts expect that Forum Markets, Inc will post -4.74 EPS for the current fiscal year.

Wall Street Analyst Weigh In

FRMM has been the topic of a number of recent analyst reports. Benchmark increased their price target on Forum Markets from $5.00 to $9.00 and gave the stock a “speculative buy” rating in a research note on Friday, May 15th. Clear Str raised Forum Markets to a “strong-buy” rating in a research note on Monday, May 11th. Weiss Ratings reaffirmed a “sell (e+)” rating on shares of Forum Markets in a research note on Tuesday, June 30th. Loop Capital set a $11.00 price target on shares of Forum Markets in a research note on Monday, May 11th. Finally, Wall Street Zen lowered shares of Forum Markets from a “hold” rating to a “sell” rating in a report on Saturday, June 27th. One research analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating, one has given a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, Forum Markets has an average rating of “Moderate Buy” and a consensus price target of $10.00.

Forum Markets Company Profile

Forum Markets Inc is a digital asset platform modernizing capital markets through the tokenization of institutional-grade real-world assets on Ethereum. The company structures cash-generating assets on blockchain-based infrastructure to facilitate liquidity, investor access, and primary and secondary market activity. It combines traditional asset management practices with digital market infrastructure to support the origination, distribution, and trading of real-world assets.