Nierenberg Investment Management Company LLC acquired a new stake in Forrester Research, Inc. (NASDAQ:FORR - Free Report) in the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor acquired 131,110 shares of the technology company's stock, valued at approximately $1,102,635. Forrester Research comprises approximately 0.0% of Nierenberg Investment Management Company LLC's investment portfolio, making the stock its 20th biggest position. Nierenberg Investment Management Company LLC owned about 0.69% of Forrester Research as of its most recent SEC filing.
A number of other hedge funds and other institutional investors have also bought and sold shares of FORR. BNP Paribas Financial Markets grew its holdings in shares of 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 acquiring an additional 4,957 shares in the last quarter. Versant Capital Management Inc raised its holdings in shares of Forrester Research by 63.2% during the 2nd quarter. Versant Capital Management Inc now owns 8,360 shares of the technology company's stock worth $70,000 after acquiring an additional 3,237 shares in the last quarter. Strs Ohio bought a new position in Forrester Research in the fourth quarter worth approximately $90,000. Inscription Capital LLC purchased a new position in Forrester Research in the 4th quarter worth $91,000. Finally, Occudo Quantitative Strategies LP purchased a new position in Forrester Research during the fourth quarter valued at $93,000. Institutional investors and hedge funds own 55.20% of the company's stock.
Analyst Upgrades and Downgrades
Separately, 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. One research analyst has rated the stock with a Hold rating and one has given a Sell rating to the company. According to MarketBeat, the stock has an average rating of "Reduce".
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Forrester Research Price Performance
Shares of FORR stock traded up $0.20 on Friday, reaching $12.41. The company had a trading volume of 54,309 shares, compared to its average volume of 125,029. The stock has a market capitalization of $236.27 million, a PE ratio of -5.52, a price-to-earnings-growth ratio of 2.20 and a beta of 0.93. Forrester Research, Inc. has a one year low of $4.88 and a one year high of $12.50. The business's 50-day moving average is $10.17 and its 200 day moving average is $7.62. The company has a quick ratio of 1.06, a current ratio of 1.06 and a debt-to-equity ratio of 0.29.
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 business had revenue of $100.23 million for the quarter, compared to analysts' expectations 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 forecast that Forrester Research, Inc. 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 on 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 sale, the insider directly owned 27,244 shares of the company's stock, valued at approximately $320,934.32. The trade was a 15.51% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Insiders own 40.70% of the company's stock.
Forrester Research Profile
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Free Report)
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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