NASDAQ:FORR

Forrester Research (FORR) Stock Forecast, Price & News

$30.14

+1.13 (+3.90%)

(As of 06/2/2023 ET)

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Today's Range: $28.81
▼
$30.36
50-Day Range: $25.38
▼
$33.69
52-Week Range: $22.62
▼
$52.42

Volume: 59,334 shs
Average Volume: 64,537 shs
Market Capitalization: $578.69 million

P/E Ratio: 43.06
Dividend Yield: N/A
Price Target: $32.00

Forrester Research MarketRank™ Forecast

Analyst Rating: Moderate Buy
2.50 Rating Score
Upside/Downside: 6.2% Upside
$32.00 Price Target
Short Interest: Healthy
1.37% of Float Sold Short
Dividend Strength: N/A
Sustainability: -0.43
Upright™ Environmental Score
News Sentiment: 0.39
Based on 8 Articles This Week
Insider Trading: Selling Shares
$122,143 Sold Last Quarter
Proj. Earnings Growth: 9.15%
From $1.42 to $1.55 Per Share

Overall MarketRank^™

MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.

2.19 out of 5 stars

Computer And Technology Sector

263rd out of 609 stocks

Engineering, Accounting, Research, Management & Related Services Industry

2nd out of 2 stocks

1.3

Analyst's Opinion

Consensus Rating
Forrester Research has received a consensus rating of Buy. The company's average rating score is 2.50, and is based on 1 buy rating, 1 hold rating, and no sell ratings.
Price Target Upside/Downside
According to analysts' consensus price target of $32.00, Forrester Research has a forecasted upside of 6.2% from its current price of $30.14.
Amount of Analyst Coverage
Forrester Research has received no research coverage in the past 90 days.

3.0

Short Interest

Percentage of Shares Shorted
1.37% of the float of Forrester Research has been sold short.
Short Interest Ratio / Days to Cover
Forrester Research has a short interest ratio ("days to cover") of 2.2, which is generally considered an acceptable ratio of short interest to trading volume.
Change versus previous month
Short interest in Forrester Research has recently increased by 9.43%, indicating that investor sentiment is decreasing significantly.

0.0

Dividend Strength

Dividend Yield
Forrester Research does not currently pay a dividend.
Dividend Growth
Forrester Research does not have a long track record of dividend growth.

4.4

Sustainability and ESG

Overall ESG (Environmental, Social, and Governance) Score
Forrester Research has received a 66.16% net impact score from Upright. The largest positive contribution comes from its "Creating knowledge" impact, which is mostly driven by its "Digitalization research", "Data analytics services", and "Customer analytics services" products. See details.
Environmental Sustainability
The Environmental Impact score for Forrester Research is -0.43.

2.4

News and Social Media Coverage

News Sentiment
Forrester Research has a news sentiment score of 0.39. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a lower news sentiment than the 0.52 average news sentiment score of Computer and Technology companies.
News Coverage This Week
MarketBeat has tracked 8 news articles for Forrester Research this week, compared to 6 articles on an average week.
MarketBeat Follows
2 people have added Forrester Research to their MarketBeat watchlist in the last 30 days.

3.3

Company Ownership

Insider Buying vs. Insider Selling
In the past three months, Forrester Research insiders have sold more of their company's stock than they have bought. Specifically, they have bought $0.00 in company stock and sold $122,143.00 in company stock.
Percentage Held by Insiders
39.50% of the stock of Forrester Research is held by insiders. A high percentage of insider ownership can be a sign of company health.
Percentage Held by Institutions
54.81% of the stock of Forrester Research is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

2.5

Earnings and Valuation

Earnings Growth
Earnings for Forrester Research are expected to grow by 9.15% in the coming year, from $1.42 to $1.55 per share.
Price to Earnings Ratio vs. the Market
The P/E ratio of Forrester Research is 43.06, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 120.56.
Price to Earnings Ratio vs. Sector
The P/E ratio of Forrester Research is 43.06, which means that it is trading at a less expensive P/E ratio than the Computer and Technology sector average P/E ratio of about 302.17.
Price to Earnings Growth Ratio
Forrester Research has a PEG Ratio of 2.65. PEG Ratios above 1 indicate that a company could be overvalued.
Price to Book Value per Share Ratio
Forrester Research has a P/B Ratio of 2.60. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities.

See Top Rated MarketRank™ Stocks Here

About Forrester Research (NASDAQ:FORR) Stock

Forrester Research, Inc. engages in the provision of advisory services. It operates through the following business segments: Research, Consulting, and Events. The Research segment includes the revenues of the research, connect, and analytics products. The Consulting segment consists of project consulting organization. The Events segment refers to developing and hosting in-person and virtual events. The firm serves the business-to-business marketing, sales, information technology, business-to-consumer marketing, and customer experience sectors. The company was founded by George F. Colony on July 7, 1983 and is headquartered in Cambridge, MA.

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FORR Stock News Headlines

June 2, 2023 | finance.yahoo.com

UserTesting and UserZoom Named Among Leaders in Experience Research Platforms by Top Independent Research Firm

June 1, 2023 | markets.businessinsider.com

Independent research firm recognizes Vymo among Notable Financial Services CRMs

June 4, 2023 | Legacy Research (Affiliate) (Ad)

“One-Stock Millionaire” IGNORES 99.9% of the Market

During the 2008 financial crisis, millionaire trader Jeff Clark stunned the world when he managed to double his readers’ money 26 TIMES… CNBC caught wind of this and asked Jeff to come on live TV to explain his secret.

June 1, 2023 | finance.yahoo.com

New Independent Research Study Reveals Majority of Global Financial Institutions Are Unable to Respond Effectively to Fraud and Financial Crime

May 31, 2023 | benzinga.com

dscout Named as a Leader in Experience Research Platforms

May 31, 2023 | tmcnet.com

UKG Named a Leader in HCM by Top Research Firm

May 31, 2023 | technews.tmcnet.com

SAS a Leader in AI decisioning, says research firm's report

May 27, 2023 | americanbankingnews.com

Forrester Research (NASDAQ:FORR) Downgraded to "Hold" at StockNews.com

June 4, 2023 | Legacy Research (Affiliate) (Ad)

“Amazon Loophole” could hand you $28,544 in “royalty” payouts

Thanks to a little-known IRS loophole… Regular Americans can collect up to $28,544 (or more) in payouts from what Brad Thomas calls the “Amazon secret royalty program…” See how to collect the next payout before the strict cutoff deadline.

May 25, 2023 | benzinga.com

Intentsify Named a Strong Performer Among B2B Intent Data Providers by Independent Research Firm

May 24, 2023 | finance.yahoo.com

Anteriad Named a Strong Performer in B2B Intent Data Provider Research

May 22, 2023 | tmcnet.com

Impartner Delivered a 296% Return on Investment, According to Study by Independent Research Firm

May 21, 2023 | finance.yahoo.com

Should Weakness in Forrester Research, Inc.'s (NASDAQ:FORR) Stock Be Seen As A Sign That Market Will Correct The Share Price Given Decent Financials?

May 21, 2023 | americanbankingnews.com

Insider Selling: Forrester Research, Inc. (NASDAQ:FORR) Director Sells 1,850 Shares of Stock

May 20, 2023 | americanbankingnews.com

Research Analysts Offer Predictions for Forrester Research, Inc.'s Q2 2023 Earnings (NASDAQ:FORR)

May 19, 2023 | americanbankingnews.com

Barrington Research Cuts Forrester Research (NASDAQ:FORR) Price Target to $32.00

May 18, 2023 | benzinga.com

Red Canary Named a Leader in Managed Detection and Response Report by Independent Research Firm

May 18, 2023 | technews.tmcnet.com

"Expel understands security operations in ways few in the industry can match," according to independent research firm

May 18, 2023 | finance.yahoo.com

CrowdStrike Named a Leader in Managed Detection and Response by Independent Research Firm

May 18, 2023 | finance.yahoo.com

US-based Forrester Research to close China office amid Beijing's crackdown of foreign advisories

May 18, 2023 | msn.com

US-based Forrester Research to close China office amid Beijing’s crackdown of foreign advisories

May 17, 2023 | finanznachrichten.de

Actico GmbH: Independent Research Firm Confirms: AI Decision Platform of German Software Vendor ACTICO is 'Strong Performer'

May 17, 2023 | finance.yahoo.com

Independent Research Firm Confirms: AI Decision Platform of German Software Vendor ACTICO is 'Strong Performer'

May 17, 2023 | finance.yahoo.com

Televerde Recognized by Independent Research Firm in Revenue Development Services Landscape Report

May 16, 2023 | finance.yahoo.com

Forrester: Customer Trust In Financial Services Providers Is Weak Across Most Of Asia Pacific

May 16, 2023 | msn.com

Barrington Research Maintains Forrester Research (FORR) Outperform Recommendation

May 16, 2023 | msn.com

Forrester's No-Code Citizen Development Security Breach Prediction Misses the Mark

See More Headlines

FORR Price History

30 days | 90 days | 365 days | Advanced Chart

FORR Company Calendar

Last Earnings: 11/03/2021
Today: 6/04/2023
Next Earnings (Estimated): 7/27/2023
Fiscal Year End: 12/31/2023

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Industry, Sector and Symbol

Stock Exchange: NASDAQ
Industry: Engineering, accounting, research, management & related services
Sub-Industry: IT Consulting & Other Services
Sector: Computer and Technology
Current Symbol: NASDAQ:FORR
CUSIP: 34656310
CIK: 1023313
Web: www.forrester.com
Phone: (617) 613-6000
Fax: 617-613-5000
Employees: 2,033
Year Founded: 1983

Price Target and Rating

Average Stock Price Forecast: $32.00
High Stock Price Forecast: $32.00
Low Stock Price Forecast: $32.00
Forecasted Upside/Downside: +6.2%
Consensus Rating: Moderate Buy
Rating Score (0-4): 2.50
Research Coverage: 2 Analysts

Profitability

EPS (Most Recent Fiscal Year): $0.70
Trailing P/E Ratio: 43.06
Forward P/E Ratio: 21.23
P/E Growth: 2.55
Net Income: $21.81 million
Net Margins: 2.58%
Pretax Margin: 3.67%
Return on Equity: 15.01%
Return on Assets: 5.43%

Debt

Debt-to-Equity Ratio: 0.16
Current Ratio: 0.84
Quick Ratio: 0.84

Sales & Book Value

Annual Sales: $537.79 million
Price / Sales: 1.08
Cash Flow: $4.03 per share
Price / Cash Flow: 7.48
Book Value: $11.60 per share
Price / Book: 2.60

Miscellaneous

Outstanding Shares: 19,200,000
Free Float: 11,616,000
Market Cap: $578.69 million
Optionable: Optionable
Beta: 0.93

Social Links

Key Executives

George F. Colony
Chairman, President & Chief Executive Officer

L. Christian Finn
Chief Financial Officer

Mike Kasparian
Chief Information Officer

Steven P. Peltzman
Chief Business Technology Officer

Sharyn Leaver
Chief Research Officer

Key Competitors

View All Competitors

Insiders & Institutions

View All Insider Transactions
View All Institutional Transactions

FORR Stock - Frequently Asked Questions

Should I buy or sell Forrester Research stock right now?: 2 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Forrester Research in the last year. There are currently 1 hold rating and 1 buy rating for the stock. The consensus among Wall Street equities research analysts is that investors should "buy" FORR shares.
View FORR analyst ratings or view top-rated stocks.
What is Forrester Research's stock price forecast for 2023?: 2 analysts have issued 12 month price targets for Forrester Research's shares. Their FORR share price forecasts range from $32.00 to $32.00. On average, they expect the company's stock price to reach $32.00 in the next twelve months. This suggests a possible upside of 6.2% from the stock's current price.
View analysts price targets for FORR or view top-rated stocks among Wall Street analysts.
How have FORR shares performed in 2023?: Forrester Research's stock was trading at $35.76 at the beginning of 2023. Since then, FORR stock has decreased by 15.7% and is now trading at $30.14.
View the best growth stocks for 2023 here.
When is Forrester Research's next earnings date?: The company is scheduled to release its next quarterly earnings announcement on Thursday, July 27th 2023.
View our FORR earnings forecast.
How were Forrester Research's earnings last quarter?: Forrester Research, Inc. (NASDAQ:FORR) released its earnings results on Wednesday, November, 3rd. The technology company reported $0.41 EPS for the quarter, beating analysts' consensus estimates of $0.17 by $0.24. The technology company earned $118.14 million during the quarter, compared to the consensus estimate of $116.42 million. Forrester Research had a trailing twelve-month return on equity of 15.01% and a net margin of 2.58%. During the same quarter in the previous year, the company posted ($0.20) EPS.
What ETFs hold Forrester Research's stock?: ETFs with the largest weight of Forrester Research (NASDAQ:FORR) stock in their portfolio include Invesco S&P SmallCap Industrials ETF (PSCI), SPDR SSGA US Small Cap Low Volatility Index ETF (SMLV), Pacer US Small Cap Cash Cows 100 ETF (CALF), Inspire Small/Mid Cap ETF (ISMD), Invesco S&P SmallCap Quality ETF (XSHQ),
What guidance has Forrester Research issued on next quarter's earnings?: Forrester Research updated its FY 2023 earnings guidance on Thursday, May, 4th. The company provided earnings per share guidance of $2.00-$2.20 for the period, compared to the consensus EPS estimate of $2.34. The company issued revenue guidance of $475.00 million-$495.00 million, compared to the consensus revenue estimate of $528.52 million.
What is George F. Colony's approval rating as Forrester Research's CEO?: 711 employees have rated Forrester Research Chief Executive Officer George F. Colony on Glassdoor.com. George F. Colony has an approval rating of 93% among the company's employees. This puts George F. Colony in the top 30% of approval ratings compared to other CEOs of publicly-traded companies.

What other stocks do shareholders of Forrester Research own?: Based on aggregate information from My MarketBeat watchlists, some companies that other Forrester Research investors own include Altria Group (MO), AbbVie (ABBV), Dominion Energy (D), Consolidated Edison (ED), Eastman Chemical (EMN), Harley-Davidson (HOG), Helmerich & Payne (HP), International Business Machines (IBM), Intuit (INTU) and Invesco (IVZ).
What is Forrester Research's stock symbol?: Forrester Research trades on the NASDAQ under the ticker symbol "FORR."
Who are Forrester Research's major shareholders?: Forrester Research's stock is owned by a number of retail and institutional investors. Top institutional shareholders include Royce & Associates LP (11.19%), BlackRock Inc. (9.52%), Renaissance Technologies LLC (3.34%), Dimensional Fund Advisors LP (3.19%), State Street Corp (2.30%) and ArrowMark Colorado Holdings LLC (2.19%). Insiders that own company stock include Alicia Lee, Anthony J Friscia, Carrie Johnson, David Boyce, Gretchen Teichgraeber, Kelley Hippler, Michael A Doyle, Neil Bradford, Robert Galford, Ryan Darrah, Scott Chouinard, Sherri Kottmann, Steven P Peltzman and Yvonne Wassenaar.
View institutional ownership trends.
How do I buy shares of Forrester Research?: Shares of FORR stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
Compare Top Brokerages Here.
What is Forrester Research's stock price today?: One share of FORR stock can currently be purchased for approximately $30.14.
How much money does Forrester Research make?: Forrester Research (NASDAQ:FORR) has a market capitalization of $578.69 million and generates $537.79 million in revenue each year. The technology company earns $21.81 million in net income (profit) each year or $0.70 on an earnings per share basis.
How many employees does Forrester Research have?: The company employs 2,033 workers across the globe.
Does Forrester Research have any subsidiaries?: The following companies are subsidiares of Forrester Research: FeedbackNow, Forrester Germany GmbH, Forrester Hong Kong Limited, Forrester International S.a.r.l., Forrester Market Advisory (Beijing) Co. Ltd., Forrester Research (Canada) Inc., Forrester Research Australia Pty Limited, Forrester Research B.V., Forrester Research India Private Limited, Forrester Research Israel Limited, Forrester Research Limited, Forrester Research S.r.l., Forrester Research SAS, Forrester Singapore Pte. Ltd., Forrester Switzerland GmbH, Giga Group, GlimpzIt, JUPR Holdings, SiriusDecisions, SiriusDecisions Asia Pte Limited, SiriusDecisions Europe Ltd., SiriusDecisions Inc., Springboard Research, Strategic Oxygen business, and Whitcomb Investments Inc..
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How can I contact Forrester Research?: Forrester Research's mailing address is 60 ACORN PARK DRIVE, CAMBRIDGE MA, 02140. The official website for the company is www.forrester.com. The technology company can be reached via phone at (617) 613-6000, via email at investor@forrester.com, or via fax at 617-613-5000.

This page (NASDAQ:FORR) was last updated on 6/4/2023 by MarketBeat.com Staff

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