Forrester Research, Inc. $FORR Shares Acquired by Russell Investments Group Ltd.

Russell Investments Group Ltd. lifted its position in Forrester Research, Inc. (NASDAQ:FORR) by 4,110.1% during the 2nd quarter, Holdings Channel.com reports. The institutional investor owned 199,012 shares of the technology company’s stock after buying an additional 194,285 shares during the quarter. Russell Investments Group Ltd.’s holdings in Forrester Research were worth $1,674,000 at the end of the most recent quarter.

Several other hedge funds have also recently bought and sold shares of FORR. Tieton Capital Management LLC acquired a new position in Forrester Research during the 4th quarter worth about $4,373,000. Pacific Ridge Capital Partners LLC grew its position in Forrester Research by 36.2% in the 4th quarter. Pacific Ridge Capital Partners LLC now owns 588,888 shares of the technology company’s stock valued at $4,782,000 after acquiring an additional 156,566 shares in the last quarter. Sei Investments Co. grew its position in Forrester Research by 112.3% in the 1st quarter. Sei Investments Co. now owns 284,424 shares of the technology company’s stock valued at $1,610,000 after acquiring an additional 150,470 shares in the last quarter. Walleye Capital LLC increased its stake in Forrester Research by 149.0% during the fourth quarter. Walleye Capital LLC now owns 229,890 shares of the technology company’s stock worth $1,867,000 after purchasing an additional 137,571 shares during the period. Finally, Quantinno Capital Management LP increased its stake in Forrester Research by 81.0% during the first quarter. Quantinno Capital Management LP now owns 224,085 shares of the technology company’s stock worth $1,268,000 after purchasing an additional 100,276 shares during the period. Institutional investors and hedge funds own 55.20% of the company’s stock.

Forrester Research Stock Performance

NASDAQ:FORR opened at $11.38 on Friday. The company has a fifty day simple moving average of $9.29 and a two-hundred day simple moving average of $7.37. The company has a market cap of $216.66 million, a price-to-earnings ratio of -5.06, a price-to-earnings-growth ratio of 2.14 and a beta of 0.93. The company has a quick ratio of 0.92, a current ratio of 1.06 and a debt-to-equity ratio of 0.29. Forrester Research, Inc. has a 52 week low of $4.88 and a 52 week high of $12.33.

Forrester Research (NASDAQ:FORR) last posted its quarterly earnings data on Thursday, July 30th. The technology company reported $0.40 earnings per share for the quarter, topping analysts’ consensus estimates of $0.26 by $0.14. The business had revenue of $100.23 million for the quarter, compared to analyst estimates of $96.91 million. Forrester Research had a positive return on equity of 6.19% and a negative net margin of 11.17%.Forrester Research has set its FY 2026 guidance at 0.720-0.820 EPS. As a group, equities analysts anticipate that Forrester Research, Inc. will post 0.38 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

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

Forrester Research 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.