Forrester Research (NASDAQ:FORR) Shares Break Above 200-Day Moving Average - Should You Sell?

Key Points

• Forrester Research shares rose 5% to $11.65 and moved above their 200-day moving average of $8.82, signaling improved technical momentum.
• The company exceeded quarterly expectations, reporting $0.40 EPS versus a $0.26 estimate and revenue of $100.23 million versus $96.91 million expected.
• Despite recent analyst upgrades and significant institutional ownership, the consensus rating remains “Reduce,” while an insider sold 5,000 shares at an average price of $11.78.

Forrester Research, Inc. (NASDAQ:FORR - Get Free Report)'s stock price crossed above its two hundred day moving average during trading on Thursday. The stock has a two hundred day moving average of $8.82 and traded as high as $11.65. Forrester Research shares last traded at $11.65, with a volume of 123,034 shares trading hands.

Analyst Upgrades and Downgrades

A number of equities analysts have weighed in on FORR shares. Wall Street Zen upgraded Forrester Research from a "hold" rating to a "buy" rating in a research note on Saturday, August 29th. Weiss Ratings upgraded 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. According to data from MarketBeat, Forrester Research has a consensus rating of "Reduce".

Forrester Research Trading Up 5.0%

The stock has a 50 day moving average of $11.73 and a 200 day moving average of $8.82. The company has a debt-to-equity ratio of 0.29, a current ratio of 1.06 and a quick ratio of 1.06. The firm has a market cap of $221.82 million, a P/E ratio of -5.18, a PEG ratio of 2.08 and a beta of 0.99.

Forrester Research (NASDAQ:FORR - Get Free Report) last issued its quarterly 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 during the quarter, compared to analyst estimates of $96.91 million. Forrester Research has set its FY 2026 guidance at 0.720-0.820 EPS. As a group, equities research analysts predict that Forrester Research, Inc. will post 0.38 EPS for the current year.

Insider Buying and Selling at Forrester Research

In related news, insider Ryan Darrah sold 5,000 shares of the business's stock in a transaction that occurred 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 owned 27,244 shares in the company, valued at $320,934.32. The trade was a 15.51% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Corporate insiders own 40.70% of the company's stock.

Institutional Trading of Forrester Research

Hedge funds and other institutional investors have recently bought and sold shares of the company. Nantahala Capital Management LLC purchased a new position in shares of Forrester Research during the second quarter worth approximately $6,420,581. Tieton Capital Management LLC purchased a new stake in shares of Forrester Research in the 2nd quarter valued at $6,370,000. Ancora Advisors LLC purchased a new stake in shares of Forrester Research in the 2nd quarter valued at $2,270,000. Russell Investments Group Ltd. grew its holdings in shares of Forrester Research by 4,110.1% during the 2nd quarter. Russell Investments Group Ltd. now owns 199,012 shares of the technology company's stock valued at $1,674,000 after purchasing an additional 194,285 shares during the last quarter. Finally, Sei Investments Co. grew its holdings in shares of Forrester Research by 112.3% during the 1st quarter. Sei Investments Co. now owns 284,424 shares of the technology company's stock valued at $1,610,000 after purchasing an additional 150,470 shares during the last quarter. Hedge funds and other institutional investors own 55.20% of the company's stock.

About Forrester Research

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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