Q3 2024 Earnings Estimate for Forrester Research, Inc. Issued By Barrington Research (NASDAQ:FORR)

Forrester Research, Inc. (NASDAQ:FORR) – Stock analysts at Barrington Research increased their Q3 2024 earnings per share (EPS) estimates for shares of Forrester Research in a research report issued to clients and investors on Wednesday, May 1st. Barrington Research analyst V. Colicchio now forecasts that the technology company will earn $0.34 per share for the quarter, up from their previous forecast of $0.25. The consensus estimate for Forrester Research’s current full-year earnings is $1.04 per share.

Separately, StockNews.com cut shares of Forrester Research from a “buy” rating to a “hold” rating in a research report on Wednesday.

Forrester Research Trading Down 0.8 %

NASDAQ:FORR opened at $18.19 on Friday. The firm has a market capitalization of $352.70 million, a P/E ratio of 606.33, a P/E/G ratio of 1.31 and a beta of 0.94. The company has a quick ratio of 0.90, a current ratio of 0.90 and a debt-to-equity ratio of 0.15. The company has a fifty day moving average of $19.86 and a 200 day moving average of $23.10. Forrester Research has a 52 week low of $17.26 and a 52 week high of $32.79.

Forrester Research (NASDAQ:FORR) last announced its quarterly earnings data on Thursday, February 8th. The technology company reported $0.09 earnings per share for the quarter, missing the consensus estimate of $0.11 by ($0.02). Forrester Research had a net margin of 0.10% and a return on equity of 9.26%. The company had revenue of $118.09 million during the quarter, compared to the consensus estimate of $116.43 million.

Institutional Investors Weigh In On Forrester Research

Several hedge funds have recently made changes to their positions in FORR. Wellington Management Group LLP bought a new position in shares of Forrester Research during the fourth quarter valued at approximately $2,327,000. Cambiar Investors LLC raised its stake in Forrester Research by 32.6% during the third quarter. Cambiar Investors LLC now owns 75,949 shares of the technology company’s stock valued at $2,195,000 after buying an additional 18,679 shares during the last quarter. L2 Asset Management LLC bought a new stake in Forrester Research in the third quarter worth $516,000. GSA Capital Partners LLP grew its stake in shares of Forrester Research by 44.4% in the first quarter. GSA Capital Partners LLP now owns 58,098 shares of the technology company’s stock worth $1,253,000 after acquiring an additional 17,864 shares during the last quarter. Finally, Watchman Group Inc. bought a new position in shares of Forrester Research during the third quarter valued at $420,000. 55.20% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In related news, Director Robert Galford sold 13,000 shares of Forrester Research stock in a transaction on Tuesday, February 13th. The shares were sold at an average price of $20.73, for a total value of $269,490.00. Following the sale, the director now owns 20,489 shares in the company, valued at $424,736.97. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Company insiders own 39.20% of the company’s stock.

Forrester Research Company Profile

Forrester Research, Inc operates as an independent research and advisory company in the United States and internationally. The company operates in three segments: Research, Consulting, and Events. The Research segment primary subscription research services include Forrester Decisions, Forrester Research, and SiriusDecisions Research, which are designed to provide business and technology leaders with a proven path to growth through customer obsession.