Forrester Research (NASDAQ:FORR) Stock Price Passes Above 200 Day Moving Average – What’s Next?

Forrester Research, Inc. (NASDAQ:FORR)’s stock price crossed above its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of $6.77 and traded as high as $6.97. Forrester Research shares last traded at $6.93, with a volume of 130,142 shares traded.

Analysts Set New Price Targets

A number of analysts have commented on the stock. Wall Street Zen lowered shares of Forrester Research from a “buy” rating to a “hold” rating in a research note on Sunday, February 15th. Weiss Ratings reiterated a “sell (e+)” rating on shares of Forrester Research in a report on Friday, March 27th. One analyst has rated the stock with a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Reduce”.

Forrester Research Stock Performance

The company’s 50 day moving average price is $6.11 and its 200-day moving average price is $6.76. The stock has a market cap of $136.84 million, a P/E ratio of -2.49, a price-to-earnings-growth ratio of 1.32 and a beta of 0.99. The company has a debt-to-equity ratio of 0.33, a quick ratio of 0.92 and a current ratio of 0.92.

Forrester Research (NASDAQ:FORR) last released its quarterly earnings results 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). Forrester Research had a positive return on equity of 6.65% and a negative net margin of 13.74%.The firm had revenue of $85.45 million for the quarter, compared to analysts’ expectations of $83.28 million. Forrester Research has set its FY 2026 guidance at 0.720-0.820 EPS. Equities analysts forecast that Forrester Research, Inc. will post 0.38 EPS for the current fiscal year.

Hedge Funds Weigh In On Forrester Research

Several institutional investors have recently added to or reduced their stakes in the stock. Tieton Capital Management LLC purchased a new stake in shares of Forrester Research during the 4th quarter worth approximately $4,373,000. Portolan Capital Management LLC grew its holdings in Forrester Research by 46.1% during the third quarter. Portolan Capital Management LLC now owns 513,872 shares of the technology company’s stock valued at $5,447,000 after purchasing an additional 162,146 shares during the period. Pacific Ridge Capital Partners LLC increased its position in 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 worth $4,782,000 after buying an additional 156,566 shares during the last quarter. Sei Investments Co. increased its position in Forrester Research by 112.3% in the first quarter. Sei Investments Co. now owns 284,424 shares of the technology company’s stock worth $1,610,000 after buying an additional 150,470 shares during the last quarter. Finally, Walleye Capital LLC raised its stake in shares of Forrester Research by 149.0% in the fourth quarter. Walleye Capital LLC now owns 229,890 shares of the technology company’s stock valued at $1,867,000 after buying an additional 137,571 shares during the period. Institutional investors own 55.20% of the company’s stock.

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.