Brokers Offer Predictions for Forrester Research, Inc.'s Q3 2024 Earnings (NASDAQ:FORR)

Forrester Research, Inc. (NASDAQ:FORR - Free Report) - Stock analysts at Barrington Research raised their Q3 2024 earnings estimates for shares of Forrester Research in a note issued to investors on Wednesday, May 1st. Barrington Research analyst V. Colicchio now anticipates that the technology company will post earnings per share of $0.34 for the quarter, up from their previous forecast of $0.25. The consensus estimate for Forrester Research's current full-year earnings is $1.04 per share.

Forrester Research (NASDAQ:FORR - Get Free Report) last released its quarterly earnings results on Thursday, February 8th. The technology company reported $0.09 EPS for the quarter, missing the consensus estimate of $0.11 by ($0.02). The business had revenue of $118.09 million during the quarter, compared to analysts' expectations of $116.43 million. Forrester Research had a net margin of 0.10% and a return on equity of 9.26%.

Separately, StockNews.com cut Forrester Research from a "buy" rating to a "hold" rating in a research report on Wednesday.

Forrester Research Stock Performance

Shares of NASDAQ:FORR traded down $0.15 on Friday, reaching $18.19. The company's stock had a trading volume of 91,720 shares, compared to its average volume of 146,647. Forrester Research has a 52-week low of $17.26 and a 52-week high of $32.79. The stock has a market capitalization of $352.70 million, a P/E ratio of 606.33, a PEG ratio of 1.25 and a beta of 0.94. The stock's 50-day moving average is $19.86 and its two-hundred day moving average is $23.14. The company has a debt-to-equity ratio of 0.15, a current ratio of 0.90 and a quick ratio of 0.90.

Hedge Funds Weigh In On Forrester Research

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Wellington Management Group LLP purchased a new stake in shares of Forrester Research in the fourth quarter valued at approximately $2,327,000. Cambiar Investors LLC increased its holdings in shares of Forrester Research by 32.6% in the 3rd quarter. Cambiar Investors LLC now owns 75,949 shares of the technology company's stock valued at $2,195,000 after purchasing an additional 18,679 shares in the last quarter. L2 Asset Management LLC purchased a new position in Forrester Research in the third quarter valued at about $516,000. GSA Capital Partners LLP lifted its position in shares of Forrester Research by 44.4% during the 1st quarter. GSA Capital Partners LLP now owns 58,098 shares of the technology company's stock valued at $1,253,000 after acquiring an additional 17,864 shares during the period. Finally, Watchman Group Inc. purchased a new stake in Forrester Research during the third quarter worth $420,000. Institutional investors and hedge funds own 55.20% of the company's stock.

Insider Buying and Selling

In other Forrester Research news, Director Robert Galford sold 13,000 shares of the business's stock in a transaction on Tuesday, February 13th. The shares were sold at an average price of $20.73, for a total value of $269,490.00. Following the transaction, the director now directly owns 20,489 shares of the company's stock, valued at approximately $424,736.97. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Corporate insiders own 39.20% of the company's stock.

Forrester Research Company Profile

Forrester Research, Inc operates as an independent research and advisory company in the United States and internationally. The company operates in three segments: Research, Consulting, and Events. The Research segment primary subscription research services include Forrester Decisions, Forrester Research, and SiriusDecisions Research, which are designed to provide business and technology leaders with a proven path to growth through customer obsession.