NASDAQ:FORR

Forrester Research - FORR Stock Forecast, Price & News

$38.17

-0.09 (-0.24%)

(As of 10/5/2022 05:11 PM ET)

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Today's Range: $37.95
▼
$38.62
50-Day Range: $34.20
▼
$50.64
52-Week Range: $34.08
▼
$60.90

Volume: 33,154 shs
Average Volume: 45,101 shs
Market Capitalization: $724.47 million

P/E Ratio: 24.16
Dividend Yield: N/A
Price Target: $65.00

Forrester Research MarketRank™ Forecast

Analyst Rating: Moderate Buy
2.50 Rating Score
Upside/Downside: 70.0% Upside
$65.00 Price Target
Short Interest: Healthy
1.02% of Float Sold Short
Dividend Strength: N/A
Sustainability: -0.43
Upright™ Environmental Score
News Sentiment: 1.16
Based on 6 Articles This Week
Insider Trading: Selling Shares
$393,915 Sold Last Quarter
Proj. Earnings Growth: 16.29%
From $1.78 to $2.07 Per Share

Overall MarketRank^™

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

3.21 out of 5 stars

Computer And Technology Sector

24th out of 631 stocks

Engineering, Accounting, Research, Management & Related Services Industry

1st out of 2 stocks

3.3

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 $65.00, Forrester Research has a forecasted upside of 70.0% from its current price of $38.24.
Amount of Analyst Coverage
Forrester Research has only been the subject of 1 research reports in the past 90 days.

5.0

Short Interest

Percentage of Shares Shorted
1.02% 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 2.6, which is generally considered an acceptable ratio of short interest to trading volume.
Change versus previous month
Short interest in Forrester Research has recently decreased by 7.95%, indicating that investor sentiment is improving 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.

3.4

News and Social Media Coverage

News Sentiment
Forrester Research has a news sentiment score of 1.16. 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 higher news sentiment than the 0.55 average news sentiment score of Computer and Technology companies.
News Coverage This Week
MarketBeat has tracked 6 news articles for Forrester Research this week, compared to 4 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 $393,915.00 in company stock.
Percentage Held by Insiders
40.60% 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
55.51% of the stock of Forrester Research is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

3.1

Earnings and Valuation

Earnings Growth
Earnings for Forrester Research are expected to grow by 16.29% in the coming year, from $1.78 to $2.07 per share.
Price to Earnings Ratio vs. the Market
The P/E ratio of Forrester Research is 24.20, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 119.36.
Price to Earnings Ratio vs. Sector
The P/E ratio of Forrester Research is 24.20, 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 355.98.
Price to Earnings Growth Ratio
Forrester Research has a PEG Ratio of 1.37. 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 3.59. P/B Ratios above 3 indicate that a company could be overvalued with respect to its assets and liabilities.

See Top Rated MarketRank™ Stocks Here

About Forrester Research (NASDAQ:FORR) Stock

Forrester Research, Inc. operates as an independent research and advisory services company. The company operates in three segments: Research, Consulting, and Events. The Research segment primary subscription research portfolio services include Forrester Research, SiriusDecisions Research, and Forrester Decisions, which are designed to provide business and technology leaders with a proven path to growth through customer obsession. This segment delivers content, such as future trends, predictions, and market forecasts; deep consumer and business buyer data and insights; curated best practice models and tools to run business functions; operational and performance benchmarking data; and technology and service market landscapes and vendor evaluations through online access. The Consulting segment provides consulting projecs, including conducting maturity assessments, prioritizing best practices, developing strategies, building business cases, selecting technology vendors, structuring organizations, developing content marketing strategies and collateral, and sales tools; and advisory services. The Events segment hosts in-person and virtual events related to business-to-business marketing, sales and product leadership, customer experience, security and risk, new technology and innovation, and data strategies and insights. The company sells its products and services through direct sales force in various locations in the United States, Europe, the United Kingdom, Canada, the Asia Pacific region, and internationally. Forrester Research, Inc. was incorporated in 1983 and is headquartered in Cambridge, Massachusetts.

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FORR Stock News Headlines

October 4, 2022 | finance.yahoo.com

Industry Witnesses Tipping Point for Digital Adoption Platforms Like WalkMe as Leading Research Firms Initiate Coverage of the DAP Category

October 4, 2022 | msn.com

‘The Bold and the Beautiful’: Every Actor Who Has Played Steffy Forrester

October 3, 2022 | finance.yahoo.com

Forrester Honors Recipients Of 2022 North America Technology Awards At Technology & Innovation North America

October 1, 2022 | benzinga.com

Humana significantly expands Medicare Advantage health plan offerings in 2023 with focus on greater value for members

September 29, 2022 | finance.yahoo.com

New Research At Forrester's Technology & Innovation North America Reveals Global Tech Spending Will Surpass $4 Trillion In 2023 -- Despite Increasing Uncertainty

September 27, 2022 | it.tmcnet.com

Outreach Named a Leader in Sales Engagement evaluation by Independent Research Firm

September 27, 2022 | it.tmcnet.com

Groove Named a Leader in Sales Engagement Platforms Evaluation by Independent Research Firm

September 27, 2022 | businessinsider.com

Netflix is hiring scores of engineers and developers to bolster its gaming push as subscriptions fall off

September 26, 2022 | forbes.com

Diversity Makes Security Teams Effective: Apply For A Scholarship To Attend Forrester’s Security & Risk Forum

September 26, 2022 | msn.com

Stamp duty cut set to boost property market as analyst ‘highly sceptical’ of demand-side push

September 26, 2022 | nasdaq.com

We Ran A Stock Scan For Earnings Growth And Forrester Research (NASDAQ:FORR) Passed With Ease

September 24, 2022 | msn.com

‘The Bold and the Beautiful’: Everyone Thomas Forrester Has Been in a Relationship With

September 23, 2022 | tmcnet.com

Airship Details Speakers for Elevate22, a Global Gathering of Mobile-First CXOs and Business Decision-Makers

September 23, 2022 | markets.businessinsider.com

Virtuoso is cited in leading global analyst report on the continuous automation testing (CAT) platform landscape

September 16, 2022 | nasdaq.com

2 Artificial-Intelligence Growth Stocks Shaping the Future of Technology

September 15, 2022 | msn.com

‘The Bold and the Beautiful’: Every Actor Who Has Played Thomas Forrester

September 15, 2022 | forbes.com

2023 Brings Opportunity Amid Uncertainty For Marketing Operations Leaders

September 15, 2022 | finance.yahoo.com

Forrester Honours Grant Thornton Australia For Accelerating Growth Through Revenue Engine Alignment

September 14, 2022 | finance.yahoo.com

Two-Thirds of Organizations Say Reducing Supply Chain Disruption Has Increased in Priority in Response to Recurring Black-Swan Events

September 14, 2022 | nz.finance.yahoo.com

Flexera Cited as a Leader by Independent Research Firm for Cloud Cost Management and Optimization

September 13, 2022 | tmcnet.com

Accenture Named a Leader in European Managed Security Service Providers by Independent Analyst Firm

September 12, 2022 | forbes.com

Forrester Announces The Enterprise Architecture Award Finalists For North America

September 11, 2022 | msn.com

Did ‘Gilmore Girls’ Purposefully Ruin Dean Forrester to Make Jess Mariano Look Better?

September 10, 2022 | forbes.com

Forrester Announces The Technology Strategy Impact Award Finalists For North America

September 9, 2022 | stocknews.com

Forget SOFI Stock! Try This Other Financial Stock Instead

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30 days | 90 days | 365 days | Advanced Chart

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FORR Company Calendar

Last Earnings: 7/28/2022
Today: 10/05/2022
Next Earnings (Estimated): 11/02/2022
Fiscal Year End: 12/31/2022

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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: 1,781
Year Founded: 1983

Price Target and Rating

Average Stock Price Forecast: $65.00
High Stock Price Forecast: $65.00
Low Stock Price Forecast: $65.00
Forecasted Upside/Downside: +70.3%
Consensus Rating: Moderate Buy
Rating Score (0-4): 2.50
Research Coverage: 2 Analysts

Profitability

EPS (Most Recent Fiscal Year): $1.58
Trailing P/E Ratio: 24.16
Forward P/E Ratio: 21.44
P/E Growth: 1.37
Net Income: $24.84 million
Net Margins: 5.82%
Pretax Margin: 7.95%
Return on Equity: 18.25%
Return on Assets: 5.74%

Debt

Debt-to-Equity Ratio: 0.24
Current Ratio: 0.80
Quick Ratio: 0.80

Sales & Book Value

Annual Sales: $494.32 million
Price / Sales: 1.47
Cash Flow: $3.77 per share
Price / Cash Flow: 10.12
Book Value: $10.64 per share
Price / Book: 3.59

Miscellaneous

Outstanding Shares: 18,980,000
Free Float: 11,274,000
Market Cap: $724.47 million
Optionable: Optionable
Beta: 0.97

Social Links

Key Executives

Mr. George F. Colony (Age 68)
Founder, Chairman, CEO & Pres
Comp: $1.55M

Mr. L. Christian Finn (Age 51)
Chief Financial Officer
Comp: $540.33k

Mr. Scott R. Chouinard (Age 53)
Chief Accounting Officer & Treasurer
Comp: $747.02k

Mr. Ryan D. Darrah (Age 50)
Chief Legal Officer & Sec.
Comp: $653.43k

Ms. Kelley Hippler (Age 53)
Chief Sales Officer
Comp: $955.78k

Ms. Carrie Johnson Fanlo (Age 46)
Chief Product Officer
Comp: $892.66k

Mr. Steven Peltzman (Age 53)
Chief Bus. Technology Officer

Mr. Mike Kasparian (Age 46)
Chief Information Officer

Mr. Russell Sweeney
Investor Relations

Mr. Jon Symons
VP of Corp. Communications & Employee Experience

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 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 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 2022?: 2 equities research analysts have issued 1-year price targets for Forrester Research's stock. Their FORR share price forecasts range from $65.00 to $65.00. On average, they expect the company's share price to reach $65.00 in the next year. This suggests a possible upside of 69.9% 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 2022?: Forrester Research's stock was trading at $58.73 at the beginning of 2022. Since then, FORR shares have decreased by 34.9% and is now trading at $38.26.
View the best growth stocks for 2022 here.
When is Forrester Research's next earnings date?: The company is scheduled to release its next quarterly earnings announcement on Wednesday, November 2nd 2022.
View our FORR earnings forecast.
How were Forrester Research's earnings last quarter?: Forrester Research, Inc. (NASDAQ:FORR) posted its earnings results on Thursday, July, 28th. The technology company reported $0.84 earnings per share for the quarter, beating analysts' consensus estimates of $0.61 by $0.23. The technology company had revenue of $148.25 million for the quarter, compared to the consensus estimate of $146.68 million. Forrester Research had a trailing twelve-month return on equity of 18.25% and a net margin of 5.82%.
What guidance has Forrester Research issued on next quarter's earnings?: Forrester Research issued an update on its FY 2022 earnings guidance on Thursday, August, 4th. The company provided earnings per share (EPS) guidance of $2.25-$2.35 for the period, compared to the consensus estimate of $2.31. The company issued revenue guidance of $535.00 million-$545.00 million, compared to the consensus revenue estimate of $555.99 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."
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 $38.26.
How much money does Forrester Research make?: Forrester Research (NASDAQ:FORR) has a market capitalization of $726.17 million and generates $494.32 million in revenue each year. The technology company earns $24.84 million in net income (profit) each year or $1.58 on an earnings per share basis.
How many employees does Forrester Research have?: The company employs 1,781 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..
Read More
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 10/5/2022 by MarketBeat.com Staff

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Forrester Research - FORR Stock Forecast, Price & News

Forrester Research MarketRank™ Forecast

Overall MarketRank™

Analyst's Opinion

Short Interest

Percentage of Shares Shorted

Short Interest Ratio / Days to Cover

Change versus previous month

Dividend Strength

Sustainability and ESG

Overall ESG (Environmental, Social, and Governance) Score

Environmental Sustainability