Forrester Research, Inc. (NASDAQ:FORR) Short Interest Down 37.5% in June

Forrester Research, Inc. (NASDAQ:FORR) was the target of a significant drop in short interest in the month of June. As of June 30th, there was short interest totaling 680,770 shares, a drop of 37.5% from the June 15th total of 1,089,736 shares. Based on an average daily trading volume, of 288,529 shares, the short-interest ratio is currently 2.4 days. Approximately 5.9% of the shares of the company are short sold.

Forrester Research Price Performance

NASDAQ FORR traded down $0.16 on Friday, reaching $10.32. The company’s stock had a trading volume of 73,662 shares, compared to its average volume of 209,233. Forrester Research has a 52 week low of $4.88 and a 52 week high of $11.57. The company has a current ratio of 0.92, a quick ratio of 0.92 and a debt-to-equity ratio of 0.33. The firm has a market cap of $200.31 million, a PE ratio of -3.65, a price-to-earnings-growth ratio of 2.00 and a beta of 0.97. The business has a 50-day moving average price of $7.73 and a 200 day moving average price of $7.00.

Forrester Research (NASDAQ:FORR) last announced its quarterly earnings results on Wednesday, May 6th. The technology company reported ($0.04) EPS for the quarter, missing analysts’ consensus estimates 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 business had revenue of $85.45 million for the quarter, compared to the consensus estimate of $83.28 million. Forrester Research has set its FY 2026 guidance at 0.720-0.820 EPS. Sell-side analysts expect that Forrester Research will post 0.38 EPS for the current year.

Institutional Trading of Forrester Research

Large investors have recently bought and sold shares of the stock. BNP Paribas Financial Markets lifted its holdings in shares of Forrester Research by 402.0% during the third quarter. BNP Paribas Financial Markets now owns 6,190 shares of the technology company’s stock valued at $66,000 after acquiring an additional 4,957 shares during the period. Versant Capital Management Inc increased its position in shares of Forrester Research by 63.2% during the 2nd quarter. Versant Capital Management Inc now owns 8,360 shares of the technology company’s stock worth $70,000 after purchasing an additional 3,237 shares in the last quarter. Strs Ohio bought a new position in Forrester Research during the 4th quarter valued at about $90,000. Inscription Capital LLC acquired a new position in Forrester Research in the fourth quarter valued at about $91,000. Finally, Corient Private Wealth LLC acquired a new position in Forrester Research in the fourth quarter valued at about $93,000. 55.20% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings reaffirmed a “sell (e+)” rating on shares of Forrester Research in a report on Wednesday, June 24th. One equities research analyst has rated the stock with a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, Forrester Research presently 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.