Fortrea HoldingsFTRE
FTRE
About: Fortrea is a global, late-stage contract research organization that provides comprehensive phase 1 through phase 4 clinical trial management, clinical pharmacology, and patient access solutions. The company works with emerging and large biopharma, medical device, and diagnostic companies to run their clinical trials as a functional-service provider, full-service provider, and offers hybrid trials. In 2023, Fortrea was formed as an independent, publicly traded company after Labcorp spun off its clinical development business, which it acquired via its purchase of Covance in 2015 for $6.1 billion. Fortrea has 19,000 staff members across 90 countries.
Employees: 14,500
0
Funds holding %
of 7,429 funds
0
Analysts bullish %
of 4 analysts
Fund manager confidence
Based on 2025 Q2 regulatory disclosures by fund managers ($100M+ AUM)
237% more call options, than puts
Call options by funds: $6.31M | Put options by funds: $1.87M
13% more repeat investments, than reductions
Existing positions increased: 105 | Existing positions reduced: 93
5.31% more ownership
Funds ownership: 104.35% [Q1] → 109.66% (+5.31%) [Q2]
8% less funds holding
Funds holding: 357 [Q1] → 330 (-27) [Q2]
26% less first-time investments, than exits
New positions opened: 61 | Existing positions closed: 82
31% less capital invested
Capital invested by funds: $711M [Q1] → $490M (-$221M) [Q2]
Research analyst outlook
4 Wall Street Analysts provided 1 year price targets over the past 3 months
Low target
$6
32%
downside
Avg. target
$7.25
18%
downside
High target
$9
2%
upside
4 analyst ratings
1 positive
25%
2 neutral
50%
1 negative
25%
Evercore ISI Group Elizabeth Anderson | 21%downside $7 | In-Line Maintained | 8 Aug 2025 |
Barclays Luke Sergott | 32%downside $6 | Underweight Maintained | 7 Aug 2025 |
Baird Eric Coldwell | 2%upside $9 | Outperform Upgraded | 4 Aug 2025 |
Mizuho Ann Hynes | 21%downside $7 | Neutral Maintained | 11 Jul 2025 |
Financial journalist opinion
Based on 39 articles about FTRE published over the past 30 days
Neutral
PRNewsWire
21 hours ago
Investors who lost money with Fortrea Holdings Inc. (NASDAQ: FTRE) should contact the Shareholders Foundation in connection with Lawsuit
SAN DIEGO , Aug. 25, 2025 /PRNewswire/ -- Shareholders Foundation, Inc. announces that a lawsuit is pending for certain investors in NASDAQ: FTRE shares over alleged securities laws violations by Fortrea Holdings Inc. Investors who purchased shares of Fortrea Holdings Inc. prior to July 2023 and continue to hold any of those NASDAQ: FTRE shares also have certain options and contact the Shareholders Foundation at mail@shareholdersfoundation.com or call +1(858) 779 - 1554. On May 23, 2025, a NASDAQ: FTRE investor filed a lawsuit against Fortrea Holdings Inc. The plaintiff alleged that the defendants made false and/or misleading statements and/or failed to disclose that Fortrea overestimated the amount of revenue the Pre-Spin Projects were likely to contribute to the Company's 2025 earnings, that Fortrea overstated the cost savings it would likely achieve by exiting the TSAs, that as a result, the Company's previously announced EBITDA targets for 2025 were inflated, that accordingly, the viability of the Company's post-Spin-Off business model, as well as its business and/or financial prospects, were overstated, and that as a result, the Company's public statements were materially false and misleading at all relevant times.
Neutral
Seeking Alpha
2 weeks ago
Fortrea Holdings Inc. (FTRE) Q2 2025 Earnings Call Transcript
Fortrea Holdings Inc. (NASDAQ:FTRE ) Q2 2025 Earnings Conference Call August 6, 2025 8:00 AM ET Company Participants Anshul Thakral - Corporate Participant Hima B. Inguva - Head of Investor Relations & Corporate Development Jill McConnell - Chief Financial Officer Peter M.
Positive
The Motley Fool
2 weeks ago
Fortrea (FTRE) Q2 Revenue Jumps 7%
Fortrea (FTRE) Q2 Revenue Jumps 7%
Positive
Zacks Investment Research
2 weeks ago
Fortrea Holdings Inc. (FTRE) Beats Q2 Earnings and Revenue Estimates
Fortrea Holdings Inc. (FTRE) came out with quarterly earnings of $0.19 per share, beating the Zacks Consensus Estimate of $0.06 per share. This compares to a loss of $0.03 per share a year ago.
Neutral
GlobeNewsWire
2 weeks ago
Fortrea Reports Second Quarter 2025 Results
For the three months ended June 30, 2025, from continuing operations: Revenues of $710.3 million GAAP net loss of $(374.9) million, inclusive of a non-cash goodwill impairment charge Adjusted EBITDA of $54.9 million GAAP and adjusted net (loss) income per diluted share of $(4.14) and $0.19, respectively Book-to-bill ratio of 0.79x, resulting in 1.10x book-to-bill for the trailing 12 months Cost saving initiatives remain on track Raising 2025 revenue guidance to a range of $2,600 million to $2,700 million; affirming 2025 adjusted EBITDA guidance DURHAM, N.C., Aug. 06, 2025 (GLOBE NEWSWIRE) -- Fortrea (Nasdaq: FTRE) (the “Company”), a leading global contract research organization (CRO), today reported financial results for the second quarter ended June 30, 2025.
Neutral
GlobeNewsWire
2 weeks ago
Fortrea Appoints Tracy Krumme as Senior Vice President, Investor Relations
DURHAM, N.C., Aug. 05, 2025 (GLOBE NEWSWIRE) -- Fortrea (Nasdaq: FTRE), a leading global contract research organization (CRO), today announced the appointment of Tracy Krumme as senior vice president, investor relations, succeeding Hima Inguva in this role, who has decided to pursue other career opportunities. Krumme will report to Chief Financial Officer, Jill McConnell, and lead Fortrea's global investor relations strategy, serving as a key liaison to the investment community.
Neutral
GlobeNewsWire
3 weeks ago
Fortrea Announces Grant of Inducement Awards Under Nasdaq Listing Rule 5635(c)(4)
DURHAM, N.C., Aug. 04, 2025 (GLOBE NEWSWIRE) -- Fortrea (Nasdaq: FTRE) (the “Company”), a leading global contract research organization (CRO), today announced that it issued grants of employment inducement awards to Anshul Thakral, the Company's recently appointed President and Chief Executive Officer, as an inducement material to Mr. Thakral becoming a new employee of the Company. The grants were previously approved by the independent members of the Company's Board of Directors and were made in connection with Mr. Thakral's start date with the Company on August 4, 2025 (the “Effective Date”).
Neutral
GlobeNewsWire
3 weeks ago
Pomerantz Law Firm Announces the Filing of a Class Action Against Fortrea Holdings, Inc. and Certain Officers – FTRE
NEW YORK, Aug. 01, 2025 (GLOBE NEWSWIRE) -- Pomerantz LLP announces that a class action lawsuit has been filed against Fortrea Holdings, Inc. (“Fortrea” or the “Company”) (NASDAQ: FTRE) and certain officers. The class action, filed in the United States District Court for the Southern District of New York, and docketed under 25-cv-04630, is on behalf of a class consisting of all persons and entities other than Defendants that purchased or otherwise acquired Fortrea securities between July 3, 2023 and February 28, 2025 both dates inclusive (the “Class Period”), seeking to recover damages caused by Defendants' violations of the federal securities laws and to pursue remedies under Sections 10(b) and 20(a) of the Securities Exchange Act of 1934 and Rule 10b-5 promulgated thereunder, against the Company and certain of its top officials.
Neutral
Business Wire
3 weeks ago
FINAL DEADLINE ALERT: Faruqi & Faruqi, LLP Investigates Claims on Behalf of Investors of Fortrea Holdings
NEW YORK--(BUSINESS WIRE)---- $FTRE #ClassAction--Faruqi & Faruqi, LLP, a leading national securities law firm, is investigating potential claims against Fortrea Holdings Inc. (“Fortrea” or the “Company”) (NASDAQ: FTRE) and reminds investors of the August 1, 2025 deadline to seek the role of lead plaintiff in a federal securities class action that has been filed against the Company. Faruqi & Faruqi is a leading national securities law firm with offices in New York, Pennsylvania, California and Georgia. The fi.
Neutral
PRNewsWire
3 weeks ago
Investors who lost money on Fortrea Holdings Inc.(FTRE) should contact Levi & Korsinsky about pending Class Action - FTRE
NEW YORK , Aug. 1, 2025 /PRNewswire/ -- Levi & Korsinsky, LLP notifies investors in Fortrea Holdings Inc. ("Fortrea Holdings Inc." or the "Company") (NASDAQ: FTRE) of a class action securities lawsuit. CLASS DEFINITION: The lawsuit seeks to recover losses on behalf of Fortrea Holdings Inc. investors who were adversely affected by alleged securities fraud between July 3, 2023 and February 28, 2025.
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