Nierenberg Investment Management Company LLC Invests $1.10 Billion in Forrester Research, Inc. $FORR

Key Points

• Nierenberg Investment Management acquired 131,110 shares of Forrester Research in the second quarter, a reported investment of approximately $1.10 billion, representing 0.69% of the company and 0.5% of the fund’s holdings. Institutional investors and hedge funds collectively own 55.2% of FORR.
• Analyst sentiment remains cautious: one analyst rates the stock Hold and another rates it Sell, giving Forrester an average “Reduce” rating. Weiss Ratings also upgraded the stock, but only from “sell (e+)” to “sell (d-).”
• Forrester reported quarterly EPS of $0.40, beating estimates of $0.26, while revenue of $100.23 million exceeded forecasts of $96.91 million. Shares opened at $11.76, near the company’s 52-week high of $12.33.

Nierenberg Investment Management Company LLC acquired a new stake in Forrester Research, Inc. (NASDAQ:FORR - Free Report) in the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund acquired 131,110 shares of the technology company's stock, valued at approximately $1,102,635,000. Forrester Research makes up 0.5% of Nierenberg Investment Management Company LLC's holdings, making the stock its 20th biggest holding. Nierenberg Investment Management Company LLC owned 0.69% of Forrester Research as of its most recent SEC filing.

Several other institutional investors also recently bought and sold shares of FORR. Tieton Capital Management LLC acquired a new stake in shares of Forrester Research in the second quarter worth approximately $6,370,000. GSA Capital Partners LLP acquired a new position in shares of Forrester Research in the 2nd quarter valued at $541,000. Russell Investments Group Ltd. lifted its position in Forrester Research by 4,110.1% in the second quarter. Russell Investments Group Ltd. now owns 199,012 shares of the technology company's stock valued at $1,674,000 after buying an additional 194,285 shares during the last quarter. Oppenheimer Asset Management Inc. purchased a new position in shares of Forrester Research during the 2nd quarter worth approximately $132,000. Finally, Versant Capital Management Inc grew its stake 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 valued at $70,000 after buying an additional 3,237 shares in the last quarter. 55.20% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Separately, Weiss Ratings raised shares of Forrester Research from a "sell (e+)" rating to a "sell (d-)" rating in a research report on Tuesday, July 28th. One investment analyst has rated the stock with a Hold rating and one has given a Sell rating to the company's stock. According to data from MarketBeat, Forrester Research presently has an average rating of "Reduce".

Forrester Research Price Performance

Shares of NASDAQ:FORR opened at $11.76 on Thursday. The stock has a market cap of $223.91 million, a PE ratio of -5.23, a price-to-earnings-growth ratio of 2.13 and a beta of 0.93. The business's fifty day moving average price is $9.56 and its two-hundred day moving average price is $7.44. Forrester Research, Inc. has a one year low of $4.88 and a one year high of $12.33. The company has a debt-to-equity ratio of 0.29, a quick ratio of 1.06 and a current ratio of 1.06.

Forrester Research (NASDAQ:FORR - Get Free Report) last posted its quarterly earnings data on Thursday, July 30th. The technology company reported $0.40 earnings per share for the quarter, beating analysts' consensus estimates of $0.26 by $0.14. The business had revenue of $100.23 million during 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. On average, 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.

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