Forrester Research (NASDAQ:FORR) Stock Passes Above 200 Day Moving Average – Time to Sell?

Forrester Research, Inc. (NASDAQ:FORR) passed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $8.14 and traded as high as $12.15. Forrester Research shares last traded at $11.99, with a volume of 175,987 shares.

Wall Street Analyst Weigh In

A number of research analysts recently commented on the company. Weiss Ratings upgraded Forrester Research from a “sell (e+)” rating to a “sell (d-)” rating in a research note on Tuesday, July 28th. Wall Street Zen upgraded shares of Forrester Research from a “hold” rating to a “buy” rating in a research report on Saturday, August 29th. One analyst has rated the stock with a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, Forrester Research currently has a consensus rating of “Reduce”.

Forrester Research Stock Down 1.0%

The firm’s fifty day moving average is $11.18 and its two-hundred day moving average is $8.19. The firm has a market cap of $222.67 million, a price-to-earnings ratio of -5.20, a P/E/G ratio of 2.25 and a beta of 0.94. The company has a debt-to-equity ratio of 0.29, a current ratio of 1.06 and a quick ratio of 1.06.

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 analysts’ consensus estimates of $0.26 by $0.14. The company had revenue of $100.23 million for the quarter, compared to the consensus estimate of $96.91 million. Forrester Research had a negative net margin of 11.17% and a positive return on equity of 6.19%. Forrester Research has set its FY 2026 guidance at 0.720-0.820 EPS. On average, sell-side analysts expect that Forrester Research, Inc. will post 0.38 EPS for the current fiscal year.

Insiders Place Their Bets

In related news, insider Ryan Darrah sold 5,000 shares of Forrester Research stock in a transaction dated Thursday, August 20th. The stock was 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. The trade was a 15.51% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 40.70% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Forrester Research

Several large investors have recently made changes to their positions in FORR. Versant Capital Management Inc lifted its stake in Forrester Research by 63.2% during the second quarter. Versant Capital Management Inc now owns 8,360 shares of the technology company’s stock valued at $70,000 after purchasing an additional 3,237 shares during the last quarter. Corient Private Wealth LP acquired a new position in Forrester Research in the second quarter worth approximately $93,000. Oppenheimer Asset Management Inc. bought a new position in shares of Forrester Research in the second quarter valued at $132,000. Ieq Capital LLC acquired a new stake in shares of Forrester Research during the 2nd quarter valued at $227,000. Finally, Bank of America Corp DE acquired a new stake in shares of Forrester Research during the 2nd quarter valued at $296,000. Institutional investors own 55.20% of the company’s stock.

Forrester Research Company Profile

Forrester Research, Inc is a global research and advisory firm that helps business and technology leaders make decisions about customers, digital transformation, technology investments, marketing, sales and organizational strategy. The company provides independent research, data and analysis designed to help clients understand market trends, evaluate business and technology providers, and improve customer and employee experiences.

Its offerings include syndicated research reports, forecasts, benchmarks, analyst guidance, consulting services, executive peer networks and events.