Russell Investments Group Ltd. increased its position in shares of Forrester Research, Inc. (NASDAQ:FORR - Free Report) by 4,110.1% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 199,012 shares of the technology company's stock after purchasing an additional 194,285 shares during the period. Russell Investments Group Ltd. owned 1.03% of Forrester Research worth $1,674,000 at the end of the most recent quarter.
Other institutional investors also recently bought and sold shares of the company. Sei Investments Co. grew its stake in shares of Forrester Research by 112.3% in the 1st quarter. Sei Investments Co. now owns 284,424 shares of the technology company's stock valued at $1,610,000 after buying an additional 150,470 shares during the period. Tieton Capital Management LLC purchased a new stake in shares of Forrester Research during the 4th quarter valued at approximately $4,373,000. Quantinno Capital Management LP raised its position in shares of Forrester Research by 81.0% during the 1st quarter. Quantinno Capital Management LP now owns 224,085 shares of the technology company's stock valued at $1,268,000 after buying an additional 100,276 shares during the period. Pacific Ridge Capital Partners LLC lifted its holdings in Forrester Research by 36.2% in the fourth quarter. Pacific Ridge Capital Partners LLC now owns 588,888 shares of the technology company's stock valued at $4,782,000 after acquiring an additional 156,566 shares during the last quarter. Finally, Versant Capital Management Inc lifted 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 valued at $70,000 after acquiring an additional 3,237 shares during the last quarter. 55.20% of the stock is owned by hedge funds and other institutional investors.
Forrester Research Trading Down 3.5%
NASDAQ FORR opened at $11.38 on Friday. The firm's 50-day moving average is $9.29 and its two-hundred day moving average is $7.37. Forrester Research, Inc. has a 12 month low of $4.88 and a 12 month high of $12.33. The company has a debt-to-equity ratio of 0.29, a current ratio of 1.06 and a quick ratio of 0.92. The stock has a market capitalization of $216.66 million, a P/E ratio of -5.06, a PEG ratio of 2.14 and a beta of 0.93.
Forrester Research (NASDAQ:FORR - Get Free Report) last announced its quarterly earnings results 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 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. On average, sell-side analysts anticipate that Forrester Research, Inc. will post 0.38 earnings per share for the current year.
Analysts Set New Price Targets
Separately, Weiss Ratings raised Forrester Research from a "sell (e+)" rating to a "sell (d-)" rating in a research note on Tuesday, July 28th. One analyst has rated the stock with a Hold rating and one has given a Sell rating to the company's stock. Based on data from MarketBeat, Forrester Research currently has a consensus rating of "Reduce".
Get Our Latest Analysis on Forrester Research
Forrester Research Company Profile
(
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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