Mirae Asset Global Investments Co. Ltd. raised its holdings in shares of Forian Inc. (NASDAQ:FORA – Get Rating) by 211.6% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 171,816 shares of the company's stock after acquiring an additional 116,676 shares during the quarter. Mirae Asset Global Investments Co. Ltd. owned about 0.53% of Forian worth $1,196,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
A number of other hedge funds and other institutional investors have also bought and sold shares of the business. Staley Capital Advisers Inc. raised its holdings in Forian by 993.9% during the 1st quarter. Staley Capital Advisers Inc. now owns 600,000 shares of the company's stock valued at $4,176,000 after acquiring an additional 545,151 shares during the period. Canton Hathaway LLC raised its holdings in Forian by 47.5% during the 1st quarter. Canton Hathaway LLC now owns 131,901 shares of the company's stock valued at $918,000 after acquiring an additional 42,500 shares during the period. Finally, Vident Investment Advisory LLC raised its holdings in Forian by 66.2% during the 1st quarter. Vident Investment Advisory LLC now owns 66,340 shares of the company's stock valued at $462,000 after acquiring an additional 26,435 shares during the period.
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Separately, Royal Bank of Canada lowered their target price on shares of Forian from $27.00 to $26.00 and set an "outperform" rating on the stock in a report on Thursday, August 11th.
Forian Stock Performance
FORA opened at $3.38 on Wednesday. The company has a fifty day moving average price of $4.27 and a 200-day moving average price of $4.38. Forian Inc. has a one year low of $2.56 and a one year high of $11.38.Forian (NASDAQ:FORA – Get Rating) last released its quarterly earnings results on Thursday, August 11th. The company reported ($0.17) EPS for the quarter. The firm had revenue of $6.53 million for the quarter.
Forian Company Profile
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Forian Inc provides software solutions, proprietary data driven insights, and predictive analytics to optimize the operational, clinical, and financial performance of its healthcare, cannabis, and government customers. It operates through three segments: Information & Software, Services, and Other.
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