Forrester Research (NASDAQ:FORR) Share Price Breaks Above 200 Day Moving Average – Here’s Why

Shares of Forrester Research, Inc. (NASDAQ:FORR) passed above its two hundred day moving average during trading on Tuesday. The stock has a two hundred day moving average of $8.38 and traded as high as $11.88. Forrester Research shares last traded at $11.75, with a volume of 135,510 shares changing hands.

Analysts Set New Price Targets

A number of equities analysts have commented on FORR shares. Weiss Ratings raised 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 upgraded Forrester Research from a “hold” rating to a “buy” rating in a research report on Saturday, August 29th. One equities research analyst has rated the stock with a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Reduce”.

Forrester Research Trading Down 1.8%

The stock’s fifty day moving average price is $11.35 and its 200 day moving average price is $8.41. The company has a debt-to-equity ratio of 0.29, a current ratio of 1.06 and a quick ratio of 1.06. The stock has a market capitalization of $220.28 million, a P/E ratio of -5.14, a PEG ratio of 2.21 and a beta of 0.94.

Forrester Research (NASDAQ:FORR) last announced its quarterly earnings data on Thursday, July 30th. The technology company reported $0.40 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.26 by $0.14. The company had revenue of $100.23 million for the quarter, compared to analysts’ expectations 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. Research analysts forecast that Forrester Research, Inc. will post 0.38 earnings per share for the current year.

Insider Transactions at Forrester Research

In other Forrester Research news, insider Ryan Darrah sold 5,000 shares of the firm’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 transaction, the insider owned 27,244 shares of the company’s stock, valued at approximately $320,934.32. This trade represents a 15.51% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. 40.70% of the stock is currently owned by insiders.

Hedge Funds Weigh In On Forrester Research

A number of large investors have recently bought and sold shares of the business. Bank of New York Mellon Corp lifted its stake in shares of Forrester Research by 3.4% during the 1st quarter. Bank of New York Mellon Corp now owns 68,756 shares of the technology company’s stock worth $389,000 after purchasing an additional 2,266 shares during the last quarter. Versant Capital Management Inc raised its holdings in Forrester Research by 63.2% in the second quarter. Versant Capital Management Inc now owns 8,360 shares of the technology company’s stock worth $70,000 after purchasing an additional 3,237 shares in the last quarter. Corient Private Wealth LP purchased a new stake in shares of Forrester Research during the second quarter valued at about $93,000. Oppenheimer Asset Management Inc. bought a new stake in shares of Forrester Research in the 2nd quarter valued at about $132,000. Finally, Ieq Capital LLC bought a new stake in shares of Forrester Research in the 2nd quarter valued at about $227,000. Institutional investors 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 customers, digital transformation, technology investments, marketing, sales and organizational strategy. The company provides independent research, data and analysis designed to help clients understand market trends, evaluate business and technology providers, and improve customer and employee experiences.

Its offerings include syndicated research reports, forecasts, benchmarks, analyst guidance, consulting services, executive peer networks and events.