Forrester Research (NASDAQ:FORR) Stock Crosses Above 200-Day Moving Average – Here’s What Happened

Forrester Research, Inc. (NASDAQ:FORR) shares crossed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $6.74 and traded as high as $7.03. Forrester Research shares last traded at $6.84, with a volume of 83,056 shares changing hands.

Wall Street Analyst Weigh In

Several brokerages have weighed in on FORR. Weiss Ratings reissued a “sell (e+)” rating on shares of Forrester Research in a research report on Friday, March 27th. Wall Street Zen cut shares of Forrester Research from a “buy” rating to a “hold” rating in a research report on Sunday, February 15th. One research analyst has rated the stock with a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Reduce”.

Forrester Research Stock Up 0.9%

The stock has a 50 day simple moving average of $6.33 and a 200-day simple moving average of $6.73. The firm has a market cap of $131.79 million, a PE ratio of -2.40, a PEG ratio of 1.28 and a beta of 1.02. The company has a debt-to-equity ratio of 0.33, a current ratio of 0.92 and a quick ratio of 0.92.

Forrester Research (NASDAQ:FORR) last issued its earnings results on Wednesday, May 6th. The technology company reported ($0.04) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.12 by ($0.16). The firm had revenue of $85.45 million during the quarter, compared to analysts’ expectations of $83.28 million. Forrester Research had a positive return on equity of 6.65% and a negative net margin of 13.74%.Forrester Research has set its FY 2026 guidance at 0.720-0.820 EPS. Sell-side analysts predict that Forrester Research, Inc. will post 0.38 EPS for the current fiscal year.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the company. Jacobs Levy Equity Management Inc. purchased a new stake in Forrester Research during the first quarter valued at $149,000. Jane Street Group LLC purchased a new stake in Forrester Research during the first quarter valued at $178,000. Arrowstreet Capital Limited Partnership purchased a new stake in Forrester Research during the second quarter valued at $801,000. Marshall Wace LLP purchased a new stake in Forrester Research during the second quarter valued at approximately $131,000. Finally, Federated Hermes Inc. increased its holdings in Forrester Research by 1.0% during the second quarter. Federated Hermes Inc. now owns 252,810 shares of the technology company’s stock valued at $2,503,000 after buying an additional 2,446 shares during the last quarter. 55.20% of the stock is owned by hedge funds and other institutional investors.

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.