Royal Bank of Canada Trims Forian (NASDAQ:FORA) Target Price to $26.00

Forian (NASDAQ:FORAGet Rating) had its target price dropped by research analysts at Royal Bank of Canada from $27.00 to $26.00 in a research note issued on Thursday, Benzinga reports. The brokerage presently has an “outperform” rating on the stock.

Forian Trading Up 1.2 %

FORA stock opened at $4.06 on Thursday. The firm has a 50 day moving average price of $4.63 and a 200-day moving average price of $5.23. Forian has a 52-week low of $2.56 and a 52-week high of $12.56.

Forian (NASDAQ:FORAGet Rating) last released its earnings results on Thursday, May 12th. The company reported ($0.21) earnings per share (EPS) for the quarter. The firm had revenue of $6.39 million for the quarter.

Institutional Investors Weigh In On Forian

Several institutional investors and hedge funds have recently made changes to their positions in FORA. Staley Capital Advisers Inc. grew its position in Forian by 74.2% in the 2nd quarter. Staley Capital Advisers Inc. now owns 1,045,002 shares of the company’s stock worth $4,588,000 after purchasing an additional 445,002 shares during the period. Canton Hathaway LLC grew its position in shares of Forian by 24.0% during the 2nd quarter. Canton Hathaway LLC now owns 163,500 shares of the company’s stock valued at $718,000 after acquiring an additional 31,599 shares during the period. Mirae Asset Global Investments Co. Ltd. grew its position in shares of Forian by 211.6% during the 1st quarter. Mirae Asset Global Investments Co. Ltd. now owns 171,816 shares of the company’s stock valued at $1,196,000 after acquiring an additional 116,676 shares during the period. Vident Investment Advisory LLC lifted its stake in shares of 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 buying an additional 26,435 shares in the last quarter. Finally, Allspring Global Investments Holdings LLC purchased a new position in shares of Forian during the 4th quarter valued at $275,000.

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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