Forrester Research, Inc. (NASDAQ:FORR) Sees Significant Decrease in Short Interest

Forrester Research, Inc. (NASDAQ:FORR) was the recipient of a large decline in short interest during the month of June. As of June 30th, there was short interest totaling 680,770 shares, a decline of 37.5% from the June 15th total of 1,089,736 shares. Based on an average daily volume of 288,529 shares, the days-to-cover ratio is presently 2.4 days. Approximately 5.9% of the shares of the stock are short sold.

Analysts Set New Price Targets

Separately, Weiss Ratings restated a “sell (e+)” rating on shares of Forrester Research in a research report on Wednesday, June 24th. One research analyst has rated the stock with a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Reduce”.

Forrester Research Trading Up 0.9%

NASDAQ FORR opened at $10.57 on Friday. The company has a current ratio of 0.92, a quick ratio of 0.92 and a debt-to-equity ratio of 0.33. The stock has a 50 day moving average of $7.66 and a 200-day moving average of $6.98. The company has a market cap of $205.16 million, a PE ratio of -3.70, a PEG ratio of 1.98 and a beta of 0.97. Forrester Research has a 12 month low of $4.88 and a 12 month high of $11.57.

Forrester Research (NASDAQ:FORR) last released its quarterly earnings data on Wednesday, May 6th. The technology company reported ($0.04) EPS for the quarter, missing the consensus estimate of $0.12 by ($0.16). The company had revenue of $85.45 million during the quarter, compared to analyst estimates of $83.28 million. Forrester Research had a negative net margin of 13.74% and a positive return on equity of 6.65%. Forrester Research has set its FY 2026 guidance at 0.720-0.820 EPS. On average, equities research analysts anticipate that Forrester Research will post 0.38 EPS for the current fiscal year.

Institutional Trading of Forrester Research

Several large investors have recently made changes to their positions in the company. Tieton Capital Management LLC bought a new position in Forrester Research in the fourth quarter valued at approximately $4,373,000. Pacific Ridge Capital Partners LLC lifted its stake in Forrester Research by 36.2% during the fourth quarter. Pacific Ridge Capital Partners LLC now owns 588,888 shares of the technology company’s stock worth $4,782,000 after purchasing an additional 156,566 shares during the last quarter. Inscription Capital LLC acquired a new stake in shares of Forrester Research in the 4th quarter valued at $91,000. Graham Capital Management L.P. boosted its holdings in shares of Forrester Research by 53.3% in the 4th quarter. Graham Capital Management L.P. now owns 19,522 shares of the technology company’s stock valued at $159,000 after purchasing an additional 6,787 shares in the last quarter. Finally, Jacobs Levy Equity Management Inc. bought a new position in shares of Forrester Research in the 1st quarter valued at $149,000. Institutional investors and hedge funds 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.