763,446 Shares in Forrester Research, Inc. $FORR Acquired by Nantahala Capital Management LLC

Nantahala Capital Management LLC acquired a new stake in Forrester Research, Inc. (NASDAQ:FORR) during the second quarter, HoldingsChannel.com reports. The institutional investor acquired 763,446 shares of the technology company’s stock, valued at approximately $6,420,581.

A number of other hedge funds and other institutional investors have also modified their holdings of FORR. Bank of America Corp DE acquired a new stake in shares of Forrester Research during the second quarter worth $296,000. Hsbc Holdings PLC acquired a new stake in Forrester Research during the 2nd quarter worth approximately $322,000. Ancora Advisors LLC acquired a new stake in shares of Forrester Research in the second quarter worth $2,270,000. Ieq Capital LLC acquired a new stake in Forrester Research in the 2nd quarter valued at $227,000. Finally, Nierenberg Investment Management Company LLC acquired a new stake in shares of Forrester Research in the second quarter valued at about $1,102,635. 55.20% of the stock is currently owned by hedge funds and other institutional investors.

Forrester Research Trading Up 1.4%

Shares of NASDAQ:FORR opened at $12.38 on Friday. The stock has a market capitalization of $235.72 million, a price-to-earnings ratio of -5.50, a PEG ratio of 2.30 and a beta of 0.93. Forrester Research, Inc. has a 1-year low of $4.88 and a 1-year high of $12.63. The company has a debt-to-equity ratio of 0.29, a quick ratio of 1.06 and a current ratio of 1.06. The company has a 50 day moving average price of $10.29 and a 200 day moving average price of $7.65.

Forrester Research (NASDAQ:FORR) last posted its quarterly earnings results on Thursday, July 30th. The technology company reported $0.40 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.26 by $0.14. The firm had revenue of $100.23 million for the quarter, compared to analyst estimates 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, research analysts anticipate that Forrester Research, Inc. will post 0.38 EPS for the current fiscal year.

Insider Buying and Selling at Forrester Research

In related news, insider Ryan Darrah sold 5,000 shares of Forrester Research stock in a transaction on Thursday, August 20th. The stock was sold at an average price of $11.78, for a total value of $58,900.00. Following the transaction, the insider directly owned 27,244 shares in the company, valued at $320,934.32. The trade was a 15.51% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. 40.70% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

Several equities research analysts have issued reports on FORR shares. Weiss Ratings upgraded Forrester Research from a “sell (e+)” rating to a “sell (d-)” rating in a report on Tuesday, July 28th. Wall Street Zen upgraded shares of Forrester Research from a “hold” rating to a “buy” rating in a research note on Saturday. One analyst has rated the stock with a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, the company has a consensus rating of “Reduce”.

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.