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

Forum Markets, Inc (NASDAQ:FRMM) major shareholder Konstantin Lomashuk sold 3,702 shares of the company’s stock in a transaction on Tuesday, July 7th. The shares were sold at an average price of $6.41, for a total value of $23,729.82. Following the transaction, the insider directly owned 1,483,687 shares in the company, valued at approximately $9,510,433.67. The trade was a 0.25% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Major shareholders that own at least 10% of a company’s stock 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 stock was sold at an average price of $6.13, for a total value of $6,743.00.

Forum Markets Stock Performance

FRMM opened at $5.96 on Friday. Forum Markets, Inc has a 52-week low of $1.76 and a 52-week high of $174.60. The company has a market cap of $79.80 million, a PE ratio of -0.17 and a beta of 1.37. The company has a quick ratio of 6.19, a current ratio of 6.19 and a debt-to-equity ratio of 0.15. The company’s 50-day moving average is $5.02.

Forum Markets (NASDAQ:FRMM) last released its quarterly earnings data on Thursday, May 14th. The company reported ($3.64) EPS for the quarter. The business had revenue of $2.86 million during the quarter. Research analysts forecast that Forum Markets, Inc will post -4.74 EPS for the current fiscal year.

Wall Street Analyst Weigh In

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

About Forum Markets

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.