In a report released today, Eric Martinuzzi from Lake Street reiterated a Buy rating on Forian (FORA – Research Report), with a price target of $5.00. The company’s shares closed yesterday at $2.60.
According to TipRanks, Martinuzzi is a 4-star analyst with an average return of 6.9% and a 47.03% success rate. Martinuzzi covers the Technology sector, focusing on stocks such as Genius Sports Limited, Brightcove, and Extreme Networks.
Forian has an analyst consensus of Moderate Buy, with a price target consensus of $5.00.
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The company has a one-year high of $5.45 and a one-year low of $2.00. Currently, Forian has an average volume of 14.79K.
Based on the recent corporate insider activity of 12 insiders, corporate insider sentiment is positive on the stock. This means that over the past quarter there has been an increase of insiders buying their shares of FORA in relation to earlier this year.
TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.
Forian Inc provides a suite of SaaS solutions, data management capabilities, and proprietary data and analytics to optimize and measure operational, clinical, and financial performance for customers within the traditional and emerging life sciences, healthcare payer and provider segments, as well as cannabis dispensaries, manufacturers, cultivators, and regulators.
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