Forian (NASDAQ:FORA) Releases Quarterly Earnings Results, Misses Expectations By $0.07 EPS

Forian (NASDAQ:FORA) announced its quarterly earnings data on Friday. The company reported ($0.06) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.01 by ($0.07), FiscalAI reports. The company had revenue of $7.96 million during the quarter, compared to analyst estimates of $7.70 million.

Forian Trading Up 1.0%

Shares of Forian stock opened at $2.06 on Friday. The firm has a fifty day simple moving average of $2.09 and a 200-day simple moving average of $2.15. Forian has a 1-year low of $1.64 and a 1-year high of $2.71. The stock has a market capitalization of $64.01 million, a price-to-earnings ratio of -24.33 and a beta of 1.02.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the company. XTX Topco Ltd bought a new position in Forian in the 4th quarter worth $37,000. Citadel Advisors LLC boosted its holdings in Forian by 178.2% during the third quarter. Citadel Advisors LLC now owns 38,369 shares of the company’s stock valued at $86,000 after acquiring an additional 24,578 shares during the period. Finally, OpenArc Corporate Advisory LLC acquired a new stake in shares of Forian in the fourth quarter valued at about $173,000. Institutional investors own 19.25% of the company’s stock.

Wall Street Analyst Weigh In

Separately, Weiss Ratings reissued a “sell (e+)” rating on shares of Forian in a research report on Monday, December 29th. One research analyst has rated the stock with a Sell rating, Based on data from MarketBeat, the stock currently has an average rating of “Sell”.

About Forian

Forian (NASDAQ: FORA) is a global regulatory technology company offering cloud-native software solutions for enterprise risk management and financial crime compliance. The company’s platform enables financial institutions to automate and streamline regulatory reporting, transaction surveillance, market risk measurement and client onboarding processes. By consolidating data across multiple asset classes and jurisdictions, Forian helps organizations maintain compliance with evolving regulatory frameworks such as MiFID II, EMIR, Dodd-Frank, FATCA and local AML/KYC requirements.

Founded in 2013 as RegTek Solutions, the business rebranded to Forian in 2023 following a period of strategic expansion into complementary risk and compliance offerings.