Ancora Advisors LLC Invests $2.27 Million in Forrester Research, Inc. $FORR

Key Points

• Ancora Advisors acquired 269,891 shares of Forrester Research during the second quarter, worth approximately $2.27 million and representing about 1.42% of the company. Institutional investors collectively own 55.20% of FORR.
• Insider Ryan Darrah sold 5,000 shares for approximately $58,900, reducing his position by 15.51%. Analyst sentiment remains mixed, with the stock carrying an average “Reduce” rating.
• Forrester reported quarterly EPS of $0.40, beating estimates of $0.26, while revenue of $100.23 million exceeded forecasts. FORR opened at $12.20 and has traded between $4.88 and $12.63 over the past year.

Ancora Advisors LLC bought a new position in shares of Forrester Research, Inc. (NASDAQ:FORR - Free Report) during the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm bought 269,891 shares of the technology company's stock, valued at approximately $2,270,000. Ancora Advisors LLC owned approximately 1.42% of Forrester Research as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. BNP Paribas Financial Markets boosted its stake in Forrester Research by 402.0% during the third quarter. BNP Paribas Financial Markets now owns 6,190 shares of the technology company's stock worth $66,000 after buying an additional 4,957 shares in the last quarter. Versant Capital Management Inc boosted its stake in shares of Forrester Research by 63.2% in the 2nd quarter. Versant Capital Management Inc now owns 8,360 shares of the technology company's stock valued at $70,000 after purchasing an additional 3,237 shares in the last quarter. Strs Ohio bought a new stake in shares of Forrester Research in the 4th quarter worth about $90,000. Occudo Quantitative Strategies LP bought a new stake in shares of Forrester Research in the 4th quarter worth about $93,000. Finally, Corient Private Wealth LLC acquired a new stake in shares of Forrester Research during the 4th quarter worth about $93,000. 55.20% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In other news, insider Ryan Darrah sold 5,000 shares of the firm's 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 completion of the transaction, the insider owned 27,244 shares in the company, valued at $320,934.32. This trade represents a 15.51% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 40.70% of the stock is owned by company insiders.

Analysts Set New Price Targets

FORR has been the subject of a number of recent analyst reports. Weiss Ratings raised Forrester Research from a "sell (e+)" rating to a "sell (d-)" rating in a report on Tuesday, July 28th. Wall Street Zen upgraded shares of 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 assigned a Sell rating to the company's stock. According to data from MarketBeat, Forrester Research currently has an average rating of "Reduce".

Forrester Research Price Performance

FORR stock opened at $12.20 on Thursday. The stock has a 50-day moving average price of $10.57 and a two-hundred day moving average price of $7.78. The stock has a market cap of $232.29 million, a PE ratio of -5.42, a price-to-earnings-growth ratio of 2.30 and a beta of 0.94. The company has a current ratio of 1.06, a quick ratio of 1.06 and a debt-to-equity ratio of 0.29. Forrester Research, Inc. has a 1 year low of $4.88 and a 1 year high of $12.63.

Forrester Research (NASDAQ:FORR - Get Free Report) last issued its quarterly earnings results on Thursday, July 30th. The technology company reported $0.40 EPS for the quarter, beating 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 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. Equities analysts forecast that Forrester Research, Inc. will post 0.38 EPS for the current fiscal year.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.

Continue following MarketBeat

Add MarketBeat as your preferred source on Google to see our latest stories in your feed.

Add As Preferred Source