Media headlines about Forrester Research (NASDAQ:FORR) have been trending somewhat negative this week, according to Accern. The research group identifies positive and negative news coverage by monitoring more than twenty million news and blog sources. Accern ranks coverage of public companies on a scale of negative one to one, with scores closest to one being the most favorable. Forrester Research earned a media sentiment score of -0.04 on Accern’s scale. Accern also assigned press coverage about the technology company an impact score of 45.931009032199 out of 100, meaning that recent news coverage is somewhat unlikely to have an effect on the stock’s share price in the near term.
Here are some of the news stories that may have effected Accern Sentiment Analysis’s analysis:
- Mobile Mapping Systems Market Research, Applications & Challenges 2016 to 2025 (empowerednews.net)
- Automated Test Equipment Market to Exceed USD 4.4 Billion Worldwide by 2024 | Hexa Research (consumerelectronicsnet.com)
- Forrester Research, Inc. (FORR) Expected to Announce Quarterly Sales of $84.74 Million (americanbankingnews.com)
- Business Software & Services Stocks’ Research Reports Released o – KSWO 7News | Breaking News, Weather and Sports (kswo.com)
- Public Cloud Service Market Comprehensive Research Study, Emerging Opportunities, Competitive Landscape, Global Trends and Growth by Forecast 2022 (itbusinessnet.com)
Forrester Research (FORR) opened at $45.60 on Monday. Forrester Research has a one year low of $34.95 and a one year high of $47.75. The firm has a market cap of $819.66, a P/E ratio of 44.27, a price-to-earnings-growth ratio of 3.65 and a beta of 0.46.
Forrester Research (NASDAQ:FORR) last announced its quarterly earnings results on Wednesday, October 25th. The technology company reported $0.31 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.24 by $0.07. Forrester Research had a net margin of 5.70% and a return on equity of 13.80%. The firm had revenue of $80.40 million for the quarter, compared to analyst estimates of $78.92 million. During the same quarter in the previous year, the firm posted $0.32 earnings per share. The business’s revenue was up 3.9% on a year-over-year basis. equities analysts predict that Forrester Research will post 0.92 earnings per share for the current fiscal year.
FORR has been the subject of a number of analyst reports. Zacks Investment Research upgraded shares of Forrester Research from a “hold” rating to a “buy” rating and set a $51.00 price objective for the company in a report on Monday, October 30th. BidaskClub lowered shares of Forrester Research from a “strong-buy” rating to a “buy” rating in a research note on Tuesday, December 12th.
In other Forrester Research news, Director George Hornig sold 11,530 shares of Forrester Research stock in a transaction that occurred on Tuesday, November 28th. The shares were sold at an average price of $46.62, for a total value of $537,528.60. Following the transaction, the director now owns 18,921 shares of the company’s stock, valued at $882,097.02. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, insider Scott Chouinard sold 887 shares of Forrester Research stock in a transaction that occurred on Monday, October 30th. The shares were sold at an average price of $44.25, for a total transaction of $39,249.75. Following the completion of the transaction, the insider now directly owns 2,261 shares in the company, valued at approximately $100,049.25. The disclosure for this sale can be found here. In the last ninety days, insiders sold 24,722 shares of company stock worth $1,142,617. Insiders own 44.30% of the company’s stock.
Forrester Research Company Profile
Forrester Research, Inc (Forrester) is an independent research, data, and advisory services firm. The Company offers research, data, advisory and related services that are thematic, prescriptive and executable, and that provide a perspective on the changing business environment. Its segments include Research, Product and Project Consulting.
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