Equities Analysts Issue Forecasts for Forrester Research, Inc.’s Q3 2024 Earnings (NASDAQ:FORR)

Forrester Research, Inc. (NASDAQ:FORR) – Stock analysts at Barrington Research increased their Q3 2024 earnings estimates for Forrester Research in a research report issued to clients and investors on Wednesday, May 1st. Barrington Research analyst V. Colicchio now anticipates that the technology company will post earnings per share of $0.34 for the quarter, up from their previous estimate of $0.25. The consensus estimate for Forrester Research’s current full-year earnings is $1.04 per share.

Separately, StockNews.com lowered Forrester Research from a “buy” rating to a “hold” rating in a research note on Wednesday.

Forrester Research Trading Down 0.8 %

NASDAQ FORR opened at $18.19 on Friday. The firm has a market capitalization of $352.70 million, a PE ratio of 606.33, a price-to-earnings-growth ratio of 1.31 and a beta of 0.94. The business’s 50-day moving average price is $19.86 and its two-hundred day moving average price is $23.10. The company has a current ratio of 0.90, a quick ratio of 0.90 and a debt-to-equity ratio of 0.15. Forrester Research has a 12 month low of $17.26 and a 12 month high of $32.79.

Forrester Research (NASDAQ:FORR) last posted its quarterly earnings data on Thursday, February 8th. The technology company reported $0.09 earnings per share for the quarter, missing analysts’ consensus estimates of $0.11 by ($0.02). The company had revenue of $118.09 million during the quarter, compared to analyst estimates of $116.43 million. Forrester Research had a net margin of 0.10% and a return on equity of 9.26%.

Institutional Investors Weigh In On Forrester Research

A number of hedge funds have recently added to or reduced their stakes in the business. SG Americas Securities LLC acquired a new stake in shares of Forrester Research during the 3rd quarter worth approximately $105,000. Total Clarity Wealth Management Inc. bought a new stake in Forrester Research in the third quarter valued at $206,000. Cambiar Investors LLC increased its stake in Forrester Research by 32.6% in the third quarter. Cambiar Investors LLC now owns 75,949 shares of the technology company’s stock valued at $2,195,000 after purchasing an additional 18,679 shares in the last quarter. M&T Bank Corp raised its holdings in shares of Forrester Research by 20.2% during the third quarter. M&T Bank Corp now owns 57,573 shares of the technology company’s stock valued at $1,664,000 after purchasing an additional 9,656 shares during the period. Finally, Illinois Municipal Retirement Fund bought a new position in shares of Forrester Research during the 3rd quarter worth about $201,000. 55.20% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In related news, Director Robert Galford sold 13,000 shares of the business’s stock in a transaction on Tuesday, February 13th. The shares were sold at an average price of $20.73, for a total value of $269,490.00. Following the transaction, the director now owns 20,489 shares in the company, valued at $424,736.97. The transaction was disclosed in a document filed with the SEC, which is available through this link. 39.20% of the stock is owned by insiders.

Forrester Research Company Profile

Forrester Research, Inc operates as an independent research and advisory company in the United States and internationally. The company operates in three segments: Research, Consulting, and Events. The Research segment primary subscription research services include Forrester Decisions, Forrester Research, and SiriusDecisions Research, which are designed to provide business and technology leaders with a proven path to growth through customer obsession.