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

Forrester Research, Inc. (NASDAQ:FORR)’s stock price crossed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $6.96 and traded as high as $10.60. Forrester Research shares last traded at $10.41, with a volume of 148,163 shares changing hands.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings reaffirmed a “sell (e+)” rating on shares of Forrester Research in a research report on Wednesday, June 24th. One investment analyst has rated the stock with a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, Forrester Research presently has a consensus rating of “Reduce”.

Forrester Research Trading Down 1.5%

The company has a quick ratio of 0.92, a current ratio of 0.92 and a debt-to-equity ratio of 0.33. The firm’s fifty day moving average is $7.66 and its two-hundred day moving average is $6.98. The firm has a market cap of $200.41 million, a P/E ratio of -3.66, a PEG ratio of 1.98 and a beta of 0.97.

Forrester Research (NASDAQ:FORR) last issued its quarterly earnings data on Wednesday, May 6th. The technology company reported ($0.04) EPS for the quarter, missing the consensus estimate of $0.12 by ($0.16). The company had revenue of $85.45 million during the quarter, compared to the consensus estimate 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. Analysts predict that Forrester Research, Inc. will post 0.38 earnings per share for the current fiscal year.

Institutional Trading of Forrester Research

Large investors have recently bought and sold shares of the company. Jane Street Group LLC grew its holdings in shares of Forrester Research by 7.8% during the 2nd quarter. Jane Street Group LLC now owns 20,741 shares of the technology company’s stock worth $205,000 after acquiring an additional 1,494 shares during the period. Engineers Gate Manager LP boosted its position in shares of Forrester Research by 9.7% during the second quarter. Engineers Gate Manager LP now owns 19,626 shares of the technology company’s stock valued at $194,000 after purchasing an additional 1,728 shares in the last quarter. Bank of New York Mellon Corp boosted its position in shares of Forrester Research by 3.4% during the first quarter. Bank of New York Mellon Corp now owns 68,756 shares of the technology company’s stock valued at $389,000 after purchasing an additional 2,266 shares in the last quarter. Federated Hermes Inc. grew its stake in Forrester Research by 1.0% in the second quarter. Federated Hermes Inc. now owns 252,810 shares of the technology company’s stock worth $2,503,000 after purchasing an additional 2,446 shares during the period. Finally, Squarepoint Ops LLC grew its stake in Forrester Research by 9.7% in the fourth quarter. Squarepoint Ops LLC now owns 31,145 shares of the technology company’s stock worth $253,000 after purchasing an additional 2,752 shares during the period. 55.20% of the stock is owned by institutional investors.

About Forrester Research

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.