Forrester Research (NASDAQ:FORR) Shares Cross Above 200 Day Moving Average – Should You Sell?

Shares of Forrester Research, Inc. (NASDAQ:FORR) crossed above its two hundred day moving average during trading on Thursday. The stock has a two hundred day moving average of $8.82 and traded as high as $11.65. Forrester Research shares last traded at $11.65, with a volume of 123,034 shares.

Analysts Set New Price Targets

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

Forrester Research Trading Down 2.2%

The company has a quick ratio of 1.06, a current ratio of 1.06 and a debt-to-equity ratio of 0.29. The firm’s 50 day simple moving average is $11.73 and its two-hundred day simple moving average is $8.84. The stock has a market cap of $216.85 million, a P/E ratio of -5.06, a price-to-earnings-growth ratio of 2.19 and a beta of 0.99.

Forrester Research (NASDAQ:FORR) last posted its quarterly earnings results on Thursday, July 30th. The technology company reported $0.40 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates 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 company had revenue of $100.23 million for the quarter, compared to the consensus estimate of $96.91 million. Forrester Research has set its FY 2026 guidance at 0.720-0.820 EPS. As a group, equities research analysts predict that Forrester Research, Inc. will post 0.38 earnings per share for the current fiscal year.

Insider Activity at Forrester Research

In other news, insider Ryan Darrah sold 5,000 shares of the company’s stock in a transaction that occurred on Thursday, August 20th. The stock was sold at an average price of $11.78, for a total transaction of $58,900.00. Following the completion of the transaction, the insider directly owned 27,244 shares of the company’s stock, valued at approximately $320,934.32. This represents a 15.51% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Company insiders own 40.70% of the company’s stock.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in FORR. Corient Private Wealth LP bought a new position in Forrester Research during the 2nd quarter worth $93,000. Ancora Advisors LLC bought a new position in shares of Forrester Research during the second quarter worth about $2,270,000. Nantahala Capital Management LLC acquired a new stake in shares of Forrester Research in the 2nd quarter worth about $6,420,581. Bank of America Corp DE acquired a new stake in shares of Forrester Research in the 2nd quarter worth about $296,000. Finally, Hsbc Holdings PLC bought a new stake in Forrester Research in the 2nd quarter valued at about $322,000. Institutional investors and hedge funds own 55.20% of the company’s stock.

About Forrester Research

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.