Forrester Research (NASDAQ:FORR) Announces Earnings Results

Forrester Research (NASDAQ:FORR) announced its quarterly earnings results on Thursday. The technology company reported $0.24 earnings per share for the quarter, topping the consensus estimate of $0.20 by $0.04, FiscalAI reports. Forrester Research had a positive return on equity of 6.19% and a negative net margin of 11.17%. The company had revenue of $86.11 million for the quarter, compared to the consensus estimate of $81.78 million.

Forrester Research Stock Up 1.2%

NASDAQ:FORR traded up $0.14 during midday trading on Thursday, reaching $12.18. The company had a trading volume of 168,418 shares, compared to its average volume of 122,061. Forrester Research has a 12-month low of $4.88 and a 12-month high of $12.75. The firm has a market capitalization of $231.90 million, a price-to-earnings ratio of -5.41, a PEG ratio of 2.35 and a beta of 0.99. The company has a current ratio of 1.06, a quick ratio of 1.06 and a debt-to-equity ratio of 0.29. The stock’s fifty day simple moving average is $11.81 and its 200-day simple moving average is $8.57.

Insider Buying and Selling at Forrester Research

In related news, insider Ryan Darrah sold 5,000 shares of Forrester Research stock in a transaction that occurred on Thursday, August 20th. The shares were sold at an average price of $11.78, for a total value of $58,900.00. Following the completion of the transaction, the insider owned 27,244 shares in the company, valued at $320,934.32. The trade was a 15.51% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Insiders own 40.70% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts have recently issued reports on the stock. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Forrester Research in a report on Monday. Wall Street Zen upgraded shares of Forrester Research from a “hold” rating to a “buy” rating in a report on Saturday, August 29th. One investment analyst has rated the stock with a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, Forrester Research currently has a consensus rating of “Reduce”.

Forrester Research Company Profile

Forrester Research, Inc is a global research and advisory firm that provides business and technology leaders with insights, guidance and tools to support strategic decision-making. The company serves professionals across areas including technology management, marketing, customer experience, sales and product development.

Forrester’s offerings include syndicated research, proprietary data and analysis, consulting services, advisory support, executive peer exchanges, events and subscription-based access to its research platform.