Forian (FORA)

• Market cap: $65.8M
• 1 day: 4.95%
• 5 days: 3.41%
• 1 month: 3.41%
• 3 months: -8.23%
• 6 months: -17.51%
• Year to date: -42.55%
• 1 year: -10.17%
• 5 years: -90.74%
• 10 years: -90.74%
• Sector: Information Technology
• Industry: Computer Processing & Data Preparation

About: Forian Inc provides a suite of Software, 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, and cultivators.

Employees: 37

Fund manager confidence

Based on 2024 Q3 regulatory filings by fund managers ($100M+ AUM)

0% more funds holding in top 10

Funds holding in top 10: 1 [Q2] → 1 (+0) [Q3]

0% more repeat investments, than reductions

Existing positions increased: 5 | Existing positions reduced: 5

2.25% less ownership

Funds ownership: 15.61% [Q2] → 13.36% (-2.25%) [Q3]

10% less funds holding

Funds holding: 30 [Q2] → 27 (-3) [Q3]

35% less capital invested

Capital invested by funds: $12.9M [Q2] → $8.39M (-$4.49M) [Q3]

60% less first-time investments, than exits

New positions opened: 2 | Existing positions closed: 5

Research analyst outlook

1 Wall Street Analyst provided 1 year price targets over the past 3 months

• Low target: $5 136% upside
• Avg. target: $5 136% upside
• High target: $5 136% upside

1 analyst rating

• positive: 1 100%
• neutral: 0 0%
• negative: 0 0%

Roth MKM Richard Baldry 37% 1-year accuracy 7 / 19 met price target

136% upside $5

Buy Reiterated

14 Nov 2024