Forrester Research, Inc. (NASDAQ:FORR – Get Free Report)’s share price passed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $6.74 and traded as high as $7.03. Forrester Research shares last traded at $6.84, with a volume of 83,056 shares traded.
Analyst Upgrades and Downgrades
A number of research analysts have weighed in on the stock. Wall Street Zen downgraded shares of Forrester Research from a “buy” rating to a “hold” rating in a research report on Sunday, February 15th. Weiss Ratings restated a “sell (e+)” rating on shares of Forrester Research in a research report on Friday, March 27th. One analyst has rated the stock with a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Reduce”.
Read Our Latest Report on FORR
Forrester Research Stock Up 0.1%
Forrester Research (NASDAQ:FORR – Get Free Report) last released its earnings results on Wednesday, May 6th. The technology company reported ($0.04) EPS for the quarter, missing analysts’ consensus estimates of $0.12 by ($0.16). The company had revenue of $85.45 million for the quarter, compared to analysts’ expectations of $83.28 million. Forrester Research had a positive return on equity of 6.65% and a negative net margin of 13.74%.Forrester Research has set its FY 2026 guidance at 0.720-0.820 EPS. On average, equities research analysts expect that Forrester Research, Inc. will post 0.38 earnings per share for the current year.
Institutional Trading of Forrester Research
A number of institutional investors and hedge funds have recently modified their holdings of the stock. BNP Paribas Financial Markets increased its position in shares of Forrester Research by 402.0% during the third quarter. BNP Paribas Financial Markets now owns 6,190 shares of the technology company’s stock worth $66,000 after purchasing an additional 4,957 shares in the last quarter. Strs Ohio purchased a new stake in shares of Forrester Research during the fourth quarter worth approximately $90,000. Inscription Capital LLC purchased a new stake in shares of Forrester Research during the fourth quarter worth approximately $91,000. Occudo Quantitative Strategies LP purchased a new stake in shares of Forrester Research during the fourth quarter worth approximately $93,000. Finally, Corient Private Wealth LLC purchased a new stake in shares of Forrester Research during the fourth quarter worth approximately $93,000. Hedge funds and other institutional investors own 55.20% of the company’s stock.
About Forrester Research
Forrester Research, Inc is a leading global research and advisory firm that provides insights and guidance to business and technology leaders. Founded in 1983 and headquartered in Cambridge, Massachusetts, the company offers a wide range of services designed to help clients understand market dynamics, evaluate technology investments and develop customer-centric strategies. Forrester’s core offerings include syndicated research reports, bespoke advisory services, consulting engagements and data-driven analytics.
Through its extensive research practice, Forrester produces in-depth analyses of emerging technologies, industry trends and best practices across sectors such as information technology, marketing, customer experience and digital business.
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