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Upturn AI SWOT - About
FRGE 
Forge Global Holdings Inc (FRGE)
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Upturn Advisory Summary
08/28/2025: FRGE (1-star) is currently NOT-A-BUY. Pass it for now.
Upturn Star Rating
Not Recommended Performance
These Stocks/ETFs, based on Upturn Advisory, consistently fall short of market performance, signaling caution before investing.
Number of Analysts
6 Analysts rated it
Limited analyst coverage, niche firm, research info may be scarce.
1 Year Target Price $34.4
1 Year Target Price $34.4
| 2 | Strong Buy |
| 2 | Buy |
| 2 | Hold |
| 0 | Sell |
| 0 | Strong Sell |
Analysis of Past Performance
Type Stock | Historic Profit -41.68% | Avg. Invested days 34 | Today’s Advisory PASS |
Upturn Star Rating | Upturn Advisory Performance  3.0 | Stock Returns Performance  1.0 |
| Profits based on simulation | Last Close 08/28/2025 |
Key Highlights
Company Size Small-Cap Stock | Market Capitalization 258.51M USD | Price to earnings Ratio - | 1Y Target Price 34.4 |
Price to earnings Ratio - | 1Y Target Price 34.4 | ||
Volume (30-day avg) 6 | Beta 2.3 | 52 Weeks Range 6.60 - 24.90 | Updated Date 08/29/2025 |
52 Weeks Range 6.60 - 24.90 | Updated Date 08/29/2025 | ||
Dividends yield (FY) - | Basic EPS (TTM) -5.03 |
Analyzing Revenue: Products, Geography and Growth
Revenue by Products
Product revenue - Year on Year
Revenue by Geography
Geography revenue - Year on Year
Earnings Date
Report Date 2025-08-06 | When - | Estimate -0.0681 | Actual -1.34 |
Profitability
Profit Margin -69.06% | Operating Margin (TTM) -39.1% |
Management Effectiveness
Return on Assets (TTM) -14.96% | Return on Equity (TTM) -27.97% |
Valuation
Trailing PE - | Forward PE - | Enterprise Value 192676739 | Price to Sales(TTM) 2.85 |
Enterprise Value 192676739 | Price to Sales(TTM) 2.85 | ||
Enterprise Value to Revenue 1.77 | Enterprise Value to EBITDA -2.03 | Shares Outstanding 13478200 | Shares Floating 11019061 |
Shares Outstanding 13478200 | Shares Floating 11019061 | ||
Percent Insiders 18.04 | Percent Institutions 36.77 |
Upturn AI SWOT
Forge Global Holdings Inc
Company Overview
History and Background
Forge Global Holdings Inc. was founded in 2014 as Equidate and rebranded as Forge Global in 2019. It operates a marketplace for pre-IPO companies, connecting investors with shareholders of private companies seeking liquidity. It aims to democratize access to pre-IPO shares.
Core Business Areas
- Secondary Market Trading: Facilitates trading of private company stock through its platform, connecting buyers and sellers.
- Data and Analytics: Provides data and analytics services related to private company valuations and trends.
- Custody and Escrow: Offers custody and escrow services to ensure secure transactions for private securities.
Leadership and Structure
Kelly Rodriques serves as the CEO. The company has a board of directors and operates with functional departments covering sales, marketing, technology, and operations.
Top Products and Market Share
Key Offerings
- Forge Platform: A marketplace for buying and selling shares of private companies. It generates revenue through transaction fees. It is estimated to have approximately 25% market share. Competitors include EquityZen, Carta, and SharesPost.
- Forge Data: Provides data and analytics on private companies, including valuations and market trends. Revenue is derived from subscription fees. Market share information is less readily available for the data segment specifically, but faces competition from PitchBook, Crunchbase, and Caplight.
Market Dynamics
Industry Overview
The pre-IPO market is growing as companies stay private longer. Demand for liquidity from early employees and investors drives market activity.
Positioning
Forge Global is a leading player in the pre-IPO marketplace, offering a platform for trading, data, and related services. Its competitive advantage lies in its established platform, network of buyers and sellers, and data capabilities.
Total Addressable Market (TAM)
The TAM for private securities trading is estimated to be in the tens of billions of dollars annually. Forge Global is positioned to capture a significant share of this market through its platform and services.
Upturn SWOT Analysis
Strengths
- Established platform
- Strong network of buyers and sellers
- Data and analytics capabilities
- Brand recognition in the pre-IPO market
Weaknesses
- Reliance on private company data availability
- Regulatory uncertainty surrounding pre-IPO trading
- Volatility in private company valuations
- Profitability concerns
Opportunities
- Expansion into new markets and asset classes
- Increased demand for liquidity in private markets
- Partnerships with venture capital firms and private equity funds
- Technological advancements in trading and data analytics
Threats
- Increased competition from other pre-IPO marketplaces
- Economic downturn impacting private company valuations
- Regulatory changes restricting pre-IPO trading
- Data security breaches
Competitors and Market Share
Key Competitors
- EquityZen
- Carta
- SharesPost
- Caplight
Competitive Landscape
Forge Global faces competition from other pre-IPO marketplaces. It aims to differentiate itself through its established platform, data capabilities, and customer service.
Major Acquisitions
Context 365
- Year: 2022
- Acquisition Price (USD millions): 50
- Strategic Rationale: To enhance data and research capabilities on private companies.
Growth Trajectory and Initiatives
Historical Growth: Forge Global has experienced rapid growth in trading volume and revenue since its inception.
Future Projections: Analysts project continued revenue growth for Forge Global, driven by increased demand for liquidity in private markets. Profitability is expected to improve as the company scales its operations.
Recent Initiatives: Forge Global has focused on expanding its platform, adding new features, and building partnerships to drive growth.
Summary
Forge Global is a leading pre-IPO marketplace with strong revenue growth, but it faces profitability challenges and increasing competition. Its platform and data capabilities provide a competitive advantage, but it must navigate regulatory uncertainties and economic risks. Recent acquisitions are aimed at solidifying the marketplace's data capabilities. Future success hinges on managing costs and expanding its market reach.
Peer Comparison
Sources and Disclaimers
Data Sources:
- Company filings
- Analyst reports
- Industry publications
Disclaimers:
This analysis is for informational purposes only and does not constitute financial advice. Market data is subject to change. Market share data may be estimated based on available information.
AI Summarization is directionally correct and might not be accurate.
Summarized information shown could be a few years old and not current.
Fundamental Rating based on AI could be based on old data.
AI-generated summaries may have inaccuracies (hallucinations). Please verify the information before taking action.
About Forge Global Holdings Inc
Exchange NYSE | Headquaters San Francisco, CA, United States | ||
IPO Launch date 2021-02-01 | CEO & Director Mr. Kelly A. Rodriques | ||
Sector Financial Services | Industry Capital Markets | Full time employees 300 | Website https://www.forgeglobal.com |
Full time employees 300 | Website https://www.forgeglobal.com | ||
Forge Global Holdings, Inc. operates a financial services platform in California. The company's platform solutions include marketplace solutions, a private market platform which is designed to connect buyers looking to invest in private companies and sellers of company shares and related products; private company solutions, a private company to deliver comprehensive, tailored solutions for their liquidity and capital formation; asset management solutions for fund creation and management, redemption of fund units, and secured cash management; and data solutions for derived data and indices. It also provides custody solutions for self-directed IRA accounts and custody-as-a-service. The company was founded in 2014 and is headquartered in San Francisco, California.
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