Should I buy or sell Forrester Research stock right now?

1 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Forrester Research in the last twelve months. There are currently 1 hold rating for the stock. The consensus among Wall Street equities research analysts is that investors should "hold" FORR shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in FORR, but not buy additional shares or sell existing shares. View FORR analyst ratings or view top-rated stocks .

What is Forrester Research's stock price target for 2024?

1 Wall Street analysts have issued 1 year price targets for Forrester Research's stock. Their FORR share price targets range from $37.00 to $37.00. On average, they anticipate the company's share price to reach $37.00 in the next twelve months. This suggests a possible upside of 98.8% 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 2024?

Forrester Research's stock was trading at $26.81 on January 1st, 2024. Since then, FORR shares have decreased by 30.6% and is now trading at $18.61. View the best growth stocks for 2024 here .

Are investors shorting Forrester Research?

Forrester Research saw a decrease in short interest in the month of March. As of March 31st, there was short interest totaling 237,900 shares, a decrease of 45.8% from the March 15th total of 438,900 shares. Based on an average daily volume of 161,600 shares, the short-interest ratio is presently 1.5 days. Currently, 2.0% of the company's shares are sold short. View Forrester Research's Short Interest .

When is Forrester Research's next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Tuesday, April 30th 2024. View our FORR earnings forecast .

How can I listen to Forrester Research's earnings call?

Forrester Research will be holding an earnings conference call on Tuesday, April 30th at 4:30 PM Eastern. Interested parties can register for or listen to the call using this link .

How were Forrester Research's earnings last quarter?

Forrester Research, Inc. (NASDAQ:FORR) announced its quarterly earnings results on Thursday, February, 8th. The technology company reported $0.09 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.11 by $0.02. The technology company had revenue of $118.09 million for the quarter, compared to analyst estimates of $116.43 million. Forrester Research had a trailing twelve-month return on equity of 10.77% and a net margin of 0.63%.

What guidance has Forrester Research issued on next quarter's earnings?

Forrester Research updated its FY 2024 earnings guidance on Thursday, February, 8th. The company provided EPS guidance of 1.500-1.700 for the period, compared to the consensus estimate of 1.680. The company issued revenue guidance of $430.0 million-$450.0 million, compared to the consensus revenue estimate of $464.2 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) .

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 Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services. Compare Top Brokerages Here .

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

NASDAQ:FORR

Forrester Research (FORR) Stock Price, News & Analysis

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$18.61

+0.08 (+0.43%)

(As of 04/18/2024 ET)

Compare

Today's Range: $18.30
▼
$18.70
50-Day Range: $18.53
▼
$23.14
52-Week Range: $18.30
▼
$33.75

Volume: 110,709 shs
Average Volume: 150,465 shs
Market Capitalization: $360.85 million

P/E Ratio: 109.47
Dividend Yield: N/A
Price Target: $37.00

Get Forrester Research alerts:

Forrester Research MarketRank™ Stock Analysis

Analyst Rating: Hold
2.00 Rating Score
Upside/Downside: 98.8% Upside
$37.00 Price Target
Short Interest: Healthy
2.04% of Float Sold Short
Dividend Strength: N/A
Sustainability: -0.43
Upright™ Environmental Score
News Sentiment: 0.41
Based on 10 Articles This Week
Insider Trading: Selling Shares
$269,490 Sold Last Quarter
Proj. Earnings Growth: 14.42%
From $1.04 to $1.19 Per Share

Overall MarketRank^™

New Rank-Based ScoringMarketRank^™ is calculated by averaging available category scores (with extra weight given to analysis and valuation), then ranking the company's weighted average against that of other companies.

4.83 out of 5 stars

Computer And Technology Sector

36th out of 589 stocks

Engineering, Accounting, Research, Management & Related Services Industry

1st out of 2 stocks

3.0

Analyst's Opinion

Consensus Rating
Forrester Research has received a consensus rating of Hold. The company's average rating score is 2.00, and is based on no buy ratings, 1 hold rating, and no sell ratings.
Amount of Analyst Coverage
Forrester Research has received no research coverage in the past 90 days.

5.0

Short Interest

Percentage of Shares Shorted
2.04% 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 1.5, 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 45.80%, 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.

2.5

News and Social Media Coverage

News Sentiment
Forrester Research has a news sentiment score of 0.41. 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 news sentiment score is similar to the average news sentiment of Computer and Technology companies.
News Coverage This Week
MarketBeat has tracked 10 news articles for Forrester Research this week, compared to 7 articles on an average week.
MarketBeat Follows
2 people have added Forrester Research to their MarketBeat watchlist in the last 30 days. This is an increase of 100% compared to the previous 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 $269,490.00 in company stock.
Percentage Held by Insiders
39.20% 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
55.20% 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 14.42% in the coming year, from $1.04 to $1.19 per share.
Price to Earnings Ratio vs. the Market
The P/E ratio of Forrester Research is 109.47, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 142.54.
Price to Earnings Ratio vs. Sector
The P/E ratio of Forrester Research is 109.47, 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 247.33.
Price to Earnings Growth Ratio
Forrester Research has a PEG Ratio of 1.33. 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 1.49. 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

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About Forrester Research Stock (NASDAQ:FORR)

Forrester Research, Inc. operates as an independent research and advisory company in the United States and internationally. The company operates in three segments: Research, Consulting, and Events. The Research segment primary subscription research services include Forrester Decisions, Forrester Research, and SiriusDecisions Research, 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. The Consulting segment provides consulting projects, include 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 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. Forrester Research, Inc. was incorporated in 1983 and is headquartered in Cambridge, Massachusetts.

FORR Stock Price History

30 days | 90 days | 365 days | Advanced Chart

FORR Stock News Headlines

April 18, 2024 | businessinsider.com

3 reasons companies are investing in AI-powered PCs

April 18, 2024 | msn.com

AI PCs are here but a killer application for biz users? Nope

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The “Perfect Storm” for Gold

Gold has already reached all-time highs, and experts believe it's not slowing down any time soon. In fact, some analysts predict a $7,000 price tag by 2025.

April 16, 2024 | tmcnet.com

UKG Named a Leader in HCM for Third Consecutive Year

April 16, 2024 | msn.com

RJ Forrester Is Paying for the Sins of His Father on Bold and the Beautiful

April 16, 2024 | finance.yahoo.com

Forrester Research To Broadcast Its 2024 First-Quarter Earnings Conference Call

April 14, 2024 | finance.yahoo.com

With 51% ownership of the shares, Forrester Research, Inc. (NASDAQ:FORR) is heavily dominated by institutional owners

April 13, 2024 | americanbankingnews.com

Forrester Research (NASDAQ:FORR) Stock Rating Upgraded by StockNews.com

April 18, 2024 | Gold Safe Exchange (Ad)

The “Perfect Storm” for Gold

Gold has already reached all-time highs, and experts believe it's not slowing down any time soon. In fact, some analysts predict a $7,000 price tag by 2025.

April 12, 2024 | msn.com

The customer data platform market

April 10, 2024 | americanbankingnews.com

Head to Head Comparison: Forrester Research (NASDAQ:FORR) and DKSH (OTCMKTS:DKSHF)

April 9, 2024 | msn.com

TikTok to take on Instagram with photo app

April 8, 2024 | finance.yahoo.com

Kameleoon recognized by Forrester for its Feature Management and Experimentation platform

April 7, 2024 | forbes.com

How B2B Organizations Can Win With Younger Buyers

April 4, 2024 | msn.com

The beginning of the end? More of us are moving away from Google towards TikTok and AI chatbots — as research reveals that the golden era of search engines may well be over

April 4, 2024 | finance.yahoo.com

Forrester Announces 2024 B2B Return On Integration Honorees And Program Of The Year Award Winners For North America

April 4, 2024 | businesswire.com

Forrester Announces 2024 B2B Return On Integration Honorees And Program Of The Year Award Winners For North America

April 3, 2024 | finance.yahoo.com

Forrester’s Generative AI Tool, Izola, Now Available To All Forrester Decisions Clients

April 3, 2024 | businesswire.com

Forrester's Generative AI Tool, Izola, Now Available To All Forrester Decisions Clients

April 2, 2024 | finance.yahoo.com

Persefoni AI named a leader in Sustainability Management Software by independent research firm

April 2, 2024 | forbes.com

Lizzo’s Bold Declaration: “I quit!” A Critical Wake-Up Call For Brands

April 2, 2024 | msn.com

How AI could make or break your career

April 2, 2024 | businesswire.com

Forrester Opens Nominations For Its 2024 EMEA B2B Awards

April 2, 2024 | uk.sports.yahoo.com

Evatt on Forrester's role against Reading and Iredale substitution

April 1, 2024 | finance.yahoo.com

Forrester Opens Nominations For Its 2024 Asia Pacific B2B Awards

April 1, 2024 | forbes.com

AI For Manufacturers In 2024: Hype Vs. Reality

April 1, 2024 | finance.yahoo.com

Watershed Named a Leader in Sustainability Management Software by Independent Research Firm

See More Headlines

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Company Calendar

Last Earnings: 2/08/2024
Today: 4/18/2024
Next Earnings (Confirmed): 4/30/2024
Fiscal Year End: 12/31/2024

Get Stock Alerts

Industry, Sector and Symbol

Stock Exchange: NASDAQ
Sector: Computer and Technology
Industry: Engineering, accounting, research, management & related services
Sub-Industry: IT Consulting & Other Services
Current Symbol: NASDAQ:FORR
CUSIP: 34656310
CIK: 1023313
Web: www.forrester.com
Phone: (617) 613-6000
Fax: 617-613-5000
Employees: 1,744
Year Founded: 1983

Price Target and Rating

Average Stock Price Target: $37.00
High Stock Price Target: $37.00
Low Stock Price Target: $37.00
Potential Upside/Downside: +100.1%
Consensus Rating: Hold
Rating Score (0-4): 2.00
Research Coverage: 1 Analysts

Profitability

EPS (Most Recent Fiscal Year): $0.17
Trailing P/E Ratio: 108.76
Forward P/E Ratio: 17.78
P/E Growth: 1.33
Net Income: $3.05 million
Net Margins: 0.63%
Pretax Margin: 1.31%
Return on Equity: 10.77%
Return on Assets: 4.41%

Debt

Debt-to-Equity Ratio: 0.15
Current Ratio: 0.90
Quick Ratio: 0.90

Sales & Book Value

Annual Sales: $480.78 million
Price / Sales: 0.75
Cash Flow: $2.98 per share
Price / Cash Flow: 6.20
Book Value: $12.49 per share
Price / Book: 1.48

Miscellaneous

Outstanding Shares: 19,390,000
Free Float: 11,792,000
Market Cap: $358.52 million
Optionable: Optionable
Beta: 0.91

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Key Executives

Mr. George F. Colony (Age 70)
Founder, Chairman, CEO & President
Comp: $992.63k
Mr. L. Christian Finn (Age 53)
Chief Financial Officer
Comp: $577.14k
Ms. Carrie Johnson Fanlo (Age 48)
Chief Product Officer
Comp: $615.83k
Ms. Sharyn Leaver (Age 49)
Chief Research Officer
Comp: $508.71k
Mr. Scott R. Chouinard (Age 55)
Chief Accounting Officer & Treasurer
Comp: $747.02k
Mr. Steven Peltzman (Age 55)
Chief Business Technology Officer
Comp: $448.69k
Mr. Mike Kasparian (Age 48)
Chief Information Officer
Mr. Russell Sweeney
Investor Relations
Mr. Ryan D. Darrah (Age 52)
Chief Legal Officer & Secretary
Comp: $653.43k
Mr. Jon Symons
Vice President of Corporate Communications & Employee Experience

Key Competitors

View All Competitors

Insiders & Institutions

View All Insider Transactions
View All Institutional Transactions

FORR Stock Analysis - Frequently Asked Questions

Should I buy or sell Forrester Research stock right now?: 1 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Forrester Research in the last twelve months. There are currently 1 hold rating for the stock. The consensus among Wall Street equities research analysts is that investors should "hold" FORR shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in FORR, but not buy additional shares or sell existing shares.
View FORR analyst ratings or view top-rated stocks.
What is Forrester Research's stock price target for 2024?: 1 Wall Street analysts have issued 1 year price targets for Forrester Research's stock. Their FORR share price targets range from $37.00 to $37.00. On average, they anticipate the company's share price to reach $37.00 in the next twelve months. This suggests a possible upside of 98.8% 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 2024?: Forrester Research's stock was trading at $26.81 on January 1st, 2024. Since then, FORR shares have decreased by 30.6% and is now trading at $18.61.
View the best growth stocks for 2024 here.
Are investors shorting Forrester Research?: Forrester Research saw a decrease in short interest in the month of March. As of March 31st, there was short interest totaling 237,900 shares, a decrease of 45.8% from the March 15th total of 438,900 shares. Based on an average daily volume of 161,600 shares, the short-interest ratio is presently 1.5 days. Currently, 2.0% of the company's shares are sold short.
View Forrester Research's Short Interest.
When is Forrester Research's next earnings date?: The company is scheduled to release its next quarterly earnings announcement on Tuesday, April 30th 2024.
View our FORR earnings forecast.
How can I listen to Forrester Research's earnings call?: Forrester Research will be holding an earnings conference call on Tuesday, April 30th at 4:30 PM Eastern. Interested parties can register for or listen to the call using this link.

How were Forrester Research's earnings last quarter?: Forrester Research, Inc. (NASDAQ:FORR) announced its quarterly earnings results on Thursday, February, 8th. The technology company reported $0.09 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.11 by $0.02. The technology company had revenue of $118.09 million for the quarter, compared to analyst estimates of $116.43 million. Forrester Research had a trailing twelve-month return on equity of 10.77% and a net margin of 0.63%.
What guidance has Forrester Research issued on next quarter's earnings?: Forrester Research updated its FY 2024 earnings guidance on Thursday, February, 8th. The company provided EPS guidance of 1.500-1.700 for the period, compared to the consensus estimate of 1.680. The company issued revenue guidance of $430.0 million-$450.0 million, compared to the consensus revenue estimate of $464.2 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).
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 Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.
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

This page (NASDAQ:FORR) was last updated on 4/18/2024 by MarketBeat.com Staff

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