Wall Street Zen Upgrades Forrester Research (NASDAQ:FORR) to “Buy”

Forrester Research (NASDAQ:FORR) was upgraded by analysts at Wall Street Zen from a “hold” rating to a “buy” rating in a research note issued to investors on Saturday.

Separately, Weiss Ratings upgraded Forrester Research from a “sell (e+)” rating to a “sell (d-)” rating in a report on Tuesday, July 28th. One equities research analyst has rated the stock with a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Reduce”.

Forrester Research Price Performance

Shares of NASDAQ:FORR opened at $12.38 on Friday. The company has a debt-to-equity ratio of 0.29, a quick ratio of 1.06 and a current ratio of 1.06. The company has a market cap of $235.72 million, a PE ratio of -5.50, a price-to-earnings-growth ratio of 2.33 and a beta of 0.93. Forrester Research has a 52 week low of $4.88 and a 52 week high of $12.63. The firm has a 50 day simple moving average of $10.29 and a 200 day simple moving average of $7.66.

Forrester Research (NASDAQ:FORR) last posted its quarterly earnings data on Thursday, July 30th. The technology company reported $0.40 earnings per share for the quarter, topping the consensus estimate of $0.26 by $0.14. Forrester Research had a negative net margin of 11.17% and a positive return on equity of 6.19%. The firm had revenue of $100.23 million for the quarter, compared to analysts’ expectations of $96.91 million. Forrester Research has set its FY 2026 guidance at 0.720-0.820 EPS. As a group, research analysts expect that Forrester Research will post 0.38 earnings per share for the current year.

Insider Activity at Forrester Research

In related news, insider Ryan Darrah sold 5,000 shares of the business’s stock in a transaction that occurred on Thursday, August 20th. The shares were sold at an average price of $11.78, for a total transaction of $58,900.00. Following the transaction, the insider directly owned 27,244 shares of the company’s stock, valued at approximately $320,934.32. The trade was a 15.51% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Corporate insiders own 40.70% of the company’s stock.

Institutional Investors Weigh In On Forrester Research

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in FORR. Nantahala Capital Management LLC purchased a new position in Forrester Research in the second quarter valued at about $6,420,581. Tieton Capital Management LLC acquired a new position in Forrester Research in the 2nd quarter worth about $6,370,000. Ancora Advisors LLC purchased a new stake in shares of Forrester Research during the 2nd quarter worth about $2,270,000. Russell Investments Group Ltd. raised its stake in shares of Forrester Research by 4,110.1% during the 2nd quarter. Russell Investments Group Ltd. now owns 199,012 shares of the technology company’s stock worth $1,674,000 after purchasing an additional 194,285 shares in the last quarter. Finally, Pacific Ridge Capital Partners LLC lifted its holdings in shares of Forrester Research by 36.2% during the 4th quarter. Pacific Ridge Capital Partners LLC now owns 588,888 shares of the technology company’s stock valued at $4,782,000 after buying an additional 156,566 shares during the last quarter. Hedge funds and other institutional investors own 55.20% of the company’s stock.

Forrester Research Company Profile

Forrester Research, Inc is a leading global research and advisory firm that provides insights and guidance to business and technology leaders. Founded in 1983 and headquartered in Cambridge, Massachusetts, the company offers a wide range of services designed to help clients understand market dynamics, evaluate technology investments and develop customer-centric strategies. Forrester’s core offerings include syndicated research reports, bespoke advisory services, consulting engagements and data-driven analytics.

Through its extensive research practice, Forrester produces in-depth analyses of emerging technologies, industry trends and best practices across sectors such as information technology, marketing, customer experience and digital business.