Forrester Research (NASDAQ:FORR) Upgraded at Wall Street Zen

Wall Street Zen upgraded shares of Forrester Research (NASDAQ:FORR) from a hold rating to a buy rating in a research note issued to investors on Saturday morning,Wall Street Zen reports.

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

Forrester Research Price Performance

FORR stock opened at $12.30 on Friday. Forrester Research has a 12 month low of $4.88 and a 12 month high of $12.63. 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 company has a 50-day moving average price of $10.39 and a 200 day moving average price of $7.70. The stock has a market cap of $234.19 million, a PE ratio of -5.47, a P/E/G ratio of 2.33 and a beta of 0.93.

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 analysts’ consensus estimates of $0.26 by $0.14. The company had revenue of $100.23 million for the quarter, compared to analyst estimates of $96.91 million. Forrester Research had a negative net margin of 11.17% and a positive return on equity of 6.19%. Forrester Research has set its FY 2026 guidance at 0.720-0.820 EPS. Equities research analysts anticipate that Forrester Research will post 0.38 earnings per share for the current year.

Insider Activity

In other news, insider Ryan Darrah sold 5,000 shares of the company’s stock in a transaction dated Thursday, August 20th. The shares were sold at an average price of $11.78, for a total value of $58,900.00. Following the transaction, the insider directly owned 27,244 shares in the company, 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 SEC, which is accessible through the SEC website. Corporate insiders own 40.70% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in FORR. Corient Private Wealth LP purchased a new stake in Forrester Research in the 2nd quarter valued at about $93,000. Ancora Advisors LLC bought a new position in Forrester Research in the 2nd quarter worth about $2,270,000. Nantahala Capital Management LLC purchased a new position in shares of Forrester Research during the second quarter worth approximately $6,420,581. Bank of America Corp DE purchased a new position in shares of Forrester Research during the second quarter worth approximately $296,000. Finally, Hsbc Holdings PLC bought a new stake in shares of Forrester Research during the second quarter valued at approximately $322,000. 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.