Forrester Research (NASDAQ:FORR) Upgraded to Buy at Wall Street Zen

Wall Street Zen upgraded shares of Forrester Research (NASDAQ:FORR) from a hold rating to a buy rating in a research report released on Saturday.

Separately, Weiss Ratings upgraded shares of Forrester Research from a “sell (e+)” rating to a “sell (d-)” rating in a research report on Tuesday, July 28th. One equities research analyst has rated the stock with a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Reduce”.

Forrester Research Trading Up 1.4%

Shares of FORR stock opened at $12.38 on Friday. The company has a market capitalization of $235.72 million, a P/E ratio of -5.50, a price-to-earnings-growth ratio of 2.33 and a beta of 0.93. The company has a current ratio of 1.06, a quick ratio of 1.06 and a debt-to-equity ratio of 0.29. The business’s 50 day moving average is $10.29 and its two-hundred day moving average is $7.65. Forrester Research has a twelve month low of $4.88 and a twelve month high of $12.63.

Forrester Research (NASDAQ:FORR) last released its quarterly earnings results on Thursday, July 30th. The technology company reported $0.40 EPS for the quarter, topping the consensus estimate of $0.26 by $0.14. Forrester Research had a positive return on equity of 6.19% and a negative net margin of 11.17%.The business had revenue of $100.23 million during the quarter, compared to analysts’ expectations of $96.91 million. Forrester Research has set its FY 2026 guidance at 0.720-0.820 EPS. Equities analysts forecast that Forrester Research will post 0.38 EPS for the current year.

Insider Activity at Forrester Research

In other news, insider Ryan Darrah sold 5,000 shares of the company’s stock in a transaction on Thursday, August 20th. The shares were sold at an average price of $11.78, for a total transaction of $58,900.00. Following the transaction, the insider directly owned 27,244 shares of the company’s stock, valued at $320,934.32. This represents a 15.51% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Insiders own 40.70% of the company’s stock.

Institutional Trading of Forrester Research

Institutional investors have recently added to or reduced their stakes in the stock. Nantahala Capital Management LLC acquired a new position in Forrester Research during the second quarter worth $6,420,581. Tieton Capital Management LLC purchased a new stake in Forrester Research during the second quarter worth $6,370,000. Ancora Advisors LLC acquired a new stake in Forrester Research in the second quarter valued at $2,270,000. Russell Investments Group Ltd. grew its holdings in Forrester Research by 4,110.1% in the second quarter. Russell Investments Group Ltd. now owns 199,012 shares of the technology company’s stock valued at $1,674,000 after purchasing an additional 194,285 shares during the last quarter. Finally, Pacific Ridge Capital Partners LLC increased its position in shares of Forrester Research by 36.2% in the fourth quarter. Pacific Ridge Capital Partners LLC now owns 588,888 shares of the technology company’s stock valued at $4,782,000 after buying an additional 156,566 shares in the last quarter. Hedge funds and other institutional investors own 55.20% of the company’s stock.

Forrester Research Company Profile

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.