Forrester Research (NASDAQ:FORR) Share Price Crosses Above Two Hundred Day Moving Average - Time to Sell?

Key Points

• Forrester Research shares rose above their 200-day moving average, reaching $12.02 before closing at $11.75, compared with the 200-day average of $9.04.
• Analyst sentiment remains cautious: one analyst rates the stock Hold and another Sell, resulting in a consensus “Reduce” rating despite one recent upgrade to Buy.
• The company beat quarterly expectations, reporting $0.40 EPS versus a $0.26 estimate and revenue of $100.23 million versus $96.91 million expected. However, an insider sold 5,000 shares, while institutional ownership stands at 55.20%.

Forrester Research, Inc. (NASDAQ:FORR - Get Free Report)'s share price passed above its 200-day moving average during trading on Friday. The stock has a 200-day moving average of $9.04 and traded as high as $12.02. Forrester Research shares last traded at $11.75, with a volume of 87,989 shares trading hands.

Analyst Upgrades and Downgrades

Several equities analysts have recently commented on FORR shares. Weiss Ratings upgraded shares of 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 report on Saturday, August 29th. One investment 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.com, the stock has a consensus rating of "Reduce".

Forrester Research Price Performance

The company has a current ratio of 1.06, a quick ratio of 1.06 and a debt-to-equity ratio of 0.29. The stock has a market cap of $223.72 million, a PE ratio of -5.22, a P/E/G ratio of 2.24 and a beta of 0.99. The company has a fifty day moving average of $11.73 and a 200-day moving average of $9.04.

Forrester Research (NASDAQ:FORR - Get Free Report) last posted its earnings results on Thursday, July 30th. The technology company reported $0.40 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.26 by $0.14. Forrester Research had a positive return on equity of 6.19% and a negative net margin of 11.17%. The firm had revenue of $100.23 million for the quarter, compared to analyst estimates of $96.91 million. Forrester Research has set its FY 2026 guidance at 0.720-0.820 EPS. Sell-side analysts expect that Forrester Research, Inc. will post 0.38 EPS for the current fiscal year.

Insider Activity

In other news, insider Ryan Darrah sold 5,000 shares of the stock in a transaction dated Thursday, August 20th. The shares were sold at an average price of $11.78, for a total transaction of $58,900.00. Following the sale, the insider owned 27,244 shares of the company's stock, valued at approximately $320,934.32. This represents a 15.51% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Corporate insiders own 40.70% of the company's stock.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in FORR. Daytona Street Capital LLC purchased a new stake in Forrester Research during the 3rd quarter worth approximately $170,000. Corient Private Wealth LP purchased a new position in Forrester Research in the 2nd quarter valued at approximately $93,000. Ancora Advisors LLC purchased a new position in Forrester Research in the 2nd quarter valued at approximately $2,270,000. Nantahala Capital Management LLC purchased a new position in Forrester Research in the 2nd quarter valued at approximately $6,420,581. Finally, Bank of America Corp DE acquired a new position in shares of Forrester Research in the second quarter worth $296,000. Institutional investors and hedge funds own 55.20% of the company's stock.

Forrester Research Company Profile

Forrester Research, Inc is a global research and advisory firm that helps business and technology leaders make decisions about customer experience, digital transformation, marketing, sales, product management and technology. The company provides independent research, data, analysis and practical guidance to organizations across a range of industries.

Its offerings include subscription-based research, analyst advisory services, consulting engagements, executive peer exchanges, conferences and other events.

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