Forrester Research (NASDAQ:FORR) Stock Breaks Above 200-Day Moving Average – What’s Next?

Forrester Research, Inc. (NASDAQ:FORR) shares passed above its 200-day moving average during trading on Friday. The stock has a 200-day moving average of $9.04 and traded as high as $12.02. Forrester Research shares last traded at $11.75, with a volume of 87,989 shares trading hands.

Wall Street Analyst Weigh In

A number of equities analysts recently commented on the stock. Weiss Ratings upgraded shares of Forrester Research from a “sell (e+)” rating to a “sell (d-)” rating in a research report on Tuesday, July 28th. Wall Street Zen upgraded shares of Forrester Research from a “hold” rating to a “buy” rating in a research report on Saturday, August 29th. One research analyst has rated the stock with a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, Forrester Research currently has a consensus rating of “Reduce”.

Forrester Research Price Performance

The business’s 50 day moving average price is $11.73 and its two-hundred day moving average price is $9.04. The company has a current ratio of 1.06, a quick ratio of 1.06 and a debt-to-equity ratio of 0.29. The stock has a market cap of $223.72 million, a P/E ratio of -5.22, a price-to-earnings-growth ratio of 2.21 and a beta of 0.99.

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

Insider Transactions at Forrester Research

In related news, insider Ryan Darrah sold 5,000 shares of the business’s stock in a transaction dated Thursday, August 20th. The shares were sold at an average price of $11.78, for a total transaction of $58,900.00. Following the sale, the insider owned 27,244 shares of the company’s stock, valued at $320,934.32. The trade was a 15.51% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. 40.70% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Forrester Research

A number of hedge funds and other institutional investors have recently bought and sold shares of FORR. Versant Capital Management Inc lifted its holdings in shares of Forrester Research by 63.2% during the second quarter. Versant Capital Management Inc now owns 8,360 shares of the technology company’s stock valued at $70,000 after purchasing an additional 3,237 shares during the last quarter. Corient Private Wealth LP bought a new stake in shares of Forrester Research in the 2nd quarter worth approximately $93,000. Daytona Street Capital LLC bought a new stake in shares of Forrester Research in the 3rd quarter worth approximately $170,000. Oppenheimer Asset Management Inc. purchased a new stake in shares of Forrester Research in the 2nd quarter worth approximately $132,000. Finally, Ieq Capital LLC purchased a new stake in shares of Forrester Research in the 2nd quarter worth approximately $227,000. Hedge funds and other institutional investors own 55.20% of the company’s stock.

Forrester Research Company Profile

Forrester Research, Inc is a global research and advisory firm that helps business and technology leaders make decisions about customer experience, digital transformation, marketing, sales, product management and technology. The company provides independent research, data, analysis and practical guidance to organizations across a range of industries.

Its offerings include subscription-based research, analyst advisory services, consulting engagements, executive peer exchanges, conferences and other events.