Forrester Research (NASDAQ:FORR) Shares Cross Above 200 Day Moving Average – What’s Next?

Forrester Research, Inc. (NASDAQ:FORR)’s stock price crossed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $6.84 and traded as high as $9.83. Forrester Research shares last traded at $9.66, with a volume of 277,840 shares changing hands.

Wall Street Analysts Forecast Growth

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 issued a Sell rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Reduce”.

Forrester Research Stock Performance

The firm has a fifty day simple moving average of $7.26 and a 200 day simple moving average of $6.87. 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 market cap of $188.08 million, a price-to-earnings ratio of -3.42, a PEG ratio of 1.84 and a beta of 0.97.

Forrester Research (NASDAQ:FORR) last announced its quarterly earnings data on Wednesday, May 6th. The technology company reported ($0.04) earnings per share for the quarter, missing the consensus estimate of $0.12 by ($0.16). The firm had revenue of $85.45 million for the quarter, compared to analyst estimates 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. As a group, sell-side analysts expect that Forrester Research, Inc. will post 0.38 earnings per share for the current year.

Institutional Investors Weigh In On Forrester Research

A number of institutional investors have recently bought and sold shares of the business. BNP Paribas Financial Markets raised its stake in shares of Forrester Research by 402.0% in the 3rd quarter. BNP Paribas Financial Markets now owns 6,190 shares of the technology company’s stock valued at $66,000 after buying an additional 4,957 shares in the last quarter. Versant Capital Management Inc boosted its position in shares of Forrester Research by 63.2% during the 2nd quarter. Versant Capital Management Inc now owns 8,360 shares of the technology company’s stock valued at $70,000 after acquiring an additional 3,237 shares in the last quarter. Strs Ohio bought a new stake in Forrester Research in the fourth quarter valued at about $90,000. Inscription Capital LLC bought a new stake in Forrester Research in the fourth quarter valued at about $91,000. Finally, Corient Private Wealth LLC acquired a new position in Forrester Research in the fourth quarter worth about $93,000. Institutional investors and hedge funds 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.