Forrester Research (NASDAQ:FORR) Stock Rating Upgraded by Wall Street Zen

Forrester Research (NASDAQ:FORR - Get Free Report) was upgraded by stock analysts at Wall Street Zen from a "hold" rating to a "buy" rating in a note issued to investors on Saturday.

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

Forrester Research Stock Up 1.4%

Shares of NASDAQ:FORR opened at $12.38 on Friday. The firm has a fifty day moving average price of $10.29 and a two-hundred day moving average price of $7.65. The company has a market cap of $235.72 million, a price-to-earnings ratio of -5.50, a PEG ratio of 2.30 and a beta of 0.93. The company has a debt-to-equity ratio of 0.29, a current ratio of 1.06 and a quick ratio of 1.06. Forrester Research has a one year low of $4.88 and a one year high of $12.63.

Forrester Research (NASDAQ:FORR - Get Free Report) last issued its quarterly earnings data 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. The company had revenue of $100.23 million for the quarter, compared to the consensus estimate 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. Analysts anticipate that Forrester Research will post 0.38 EPS for the current fiscal year.

Insider Activity at Forrester Research

In other news, insider Ryan Darrah sold 5,000 shares of Forrester Research stock in a transaction dated Thursday, August 20th. The stock was sold at an average price of $11.78, for a total value of $58,900.00. Following the transaction, the insider owned 27,244 shares in the company, valued at approximately $320,934.32. The trade was a 15.51% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 40.70% of the company's stock.

Hedge Funds Weigh In On Forrester Research

Institutional investors and hedge funds have recently bought and sold shares of the stock. BNP Paribas Financial Markets lifted its position in Forrester Research by 402.0% in the third quarter. BNP Paribas Financial Markets now owns 6,190 shares of the technology company's stock valued at $66,000 after purchasing an additional 4,957 shares during the last quarter. Versant Capital Management Inc grew its holdings in shares of 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 during the last quarter. Strs Ohio bought a new position in shares of Forrester Research in the fourth quarter worth approximately $90,000. Corient Private Wealth LP purchased a new position in shares of Forrester Research in the second quarter worth $93,000. Finally, Occudo Quantitative Strategies LP purchased a new position in shares of Forrester Research in the fourth quarter worth $93,000. 55.20% of the stock is currently owned by 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.

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