Forge Global (FRGE) surges 41.5% after announcing acquisition plans, potential boost in EPS.

From Nasdaq: 2025-04-22 13:57:00

Forge Global Holdings, Inc. (FRGE) saw a 41.5% increase in share price, closing at $12.30. The company announced plans to acquire Accuidity Capital Management for $10 million in cash and 1.15 million Forge common shares. This deal aims to enhance Forge’s asset management capabilities and potentially boost EPS.

Forge Global is known for its integrated, technology-driven platform for private markets. The company is expected to post a quarterly loss of $1.26 per share with revenues of $25.04 million. However, recent earnings estimate revisions for FRGE have been lower, signaling caution for potential investors.

In the same industry, Rithm (RITM) closed 1.7% lower at $9.97. Rithm has a consensus EPS estimate of $0.47 for the upcoming report, with a Zacks Rank of #2 (Buy). This stock presents a different opportunity for investors compared to Forge Global.

Zacks Investment Research offers insights into potential stock picks that could double in value, with some previous recommendations soaring over 100%. These stocks are often under the radar, providing a unique chance for investors to capitalize on growth opportunities. For more information on these picks, visit Zacks Investment Research.



Read more at Nasdaq: Forge Global (FRGE) Surges 41.5%: Is This an Indication of Further Gains?