Forrester Research (NASDAQ:FORR) Stock Crosses Above Two Hundred Day Moving Average - What's Next?

Key Points

• Forrester Research shares crossed above their 200-day moving average, reaching $11.88 and recently trading at $11.75 versus the $8.38 long-term average.
• The company exceeded quarterly expectations, reporting $0.40 in EPS versus a $0.26 consensus and revenue of $100.23 million against estimates of $96.91 million, though it remains unprofitable on a net-margin basis.
• Analyst sentiment remains cautious, with a consensus “Reduce” rating from one Hold and one Sell recommendation. An insider also sold 5,000 shares, while institutional investors and hedge funds own 55.2% of the stock.

Forrester Research, Inc. (NASDAQ:FORR - Get Free Report) passed above its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of $8.38 and traded as high as $11.88. Forrester Research shares last traded at $11.75, with a volume of 135,510 shares changing hands.

Analysts Set New Price Targets

FORR has been the topic of a number of research reports. Weiss Ratings upgraded Forrester Research from a "sell (e+)" rating to a "sell (d-)" rating in a research note on Tuesday, July 28th. Wall Street Zen upgraded 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. According to MarketBeat.com, the stock has an average rating of "Reduce".

Forrester Research Stock Performance

The company has a market capitalization of $223.72 million, a price-to-earnings ratio of -5.22, a price-to-earnings-growth ratio of 2.13 and a beta of 0.94. 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's fifty day simple moving average is $11.32 and its 200-day simple moving average is $8.38.

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

Insider Buying and Selling

In related news, insider Ryan Darrah sold 5,000 shares of the business's stock in a transaction on Thursday, August 20th. The stock was sold at an average price of $11.78, for a total transaction of $58,900.00. Following the completion of the transaction, the insider directly owned 27,244 shares of the company's stock, valued at $320,934.32. The trade was a 15.51% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. 40.70% of the stock is owned by insiders.

Hedge Funds Weigh In On Forrester Research

A number of institutional investors and hedge funds have recently made changes to their positions in FORR. Corient Private Wealth LP purchased a new stake in shares of Forrester Research during the second quarter worth approximately $93,000. Ancora Advisors LLC purchased a new position in Forrester Research in the second quarter worth approximately $2,270,000. Nantahala Capital Management LLC acquired a new position in Forrester Research during the 2nd quarter worth approximately $6,420,581. Bank of America Corp DE acquired a new position in shares of Forrester Research during the second quarter worth $296,000. Finally, Hsbc Holdings PLC acquired a new position in shares of Forrester Research during the 2nd quarter worth about $322,000. 55.20% of the stock is owned by institutional investors and hedge funds.

About Forrester Research

Forrester Research, Inc is a global research and advisory firm that helps business and technology leaders make decisions about customers, digital transformation, technology investments, marketing, sales and organizational strategy. The company provides independent research, data and analysis designed to help clients understand market trends, evaluate business and technology providers, and improve customer and employee experiences.

Its offerings include syndicated research reports, forecasts, benchmarks, analyst guidance, consulting services, executive peer networks and events.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.