Forrester Research (NASDAQ:FORR) Share Price Passes Above Two Hundred Day Moving Average – What’s Next?

Forrester Research, Inc. (NASDAQ:FORR) shares passed above its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of $6.73 and traded as high as $8.09. Forrester Research shares last traded at $7.24, with a volume of 199,049 shares changing hands.

Wall Street Analyst Weigh In

Separately, Weiss Ratings restated a “sell (e+)” rating on shares of Forrester Research in a report on Wednesday. One analyst has rated the stock with a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Reduce”.

Forrester Research Price Performance

The company has a debt-to-equity ratio of 0.33, a current ratio of 0.92 and a quick ratio of 0.92. The stock has a 50 day moving average price of $6.69 and a two-hundred day moving average price of $6.74. The firm has a market capitalization of $151.59 million, a price-to-earnings ratio of -2.76, a PEG ratio of 1.38 and a beta of 1.02.

Forrester Research (NASDAQ:FORR) last posted its earnings results on Wednesday, May 6th. The technology company reported ($0.04) earnings per share (EPS) 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 analyst estimates of $83.28 million. Forrester Research has set its FY 2026 guidance at 0.720-0.820 EPS. As a group, analysts expect that Forrester Research, Inc. will post 0.38 EPS for the current year.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in FORR. Jane Street Group LLC grew its holdings in shares of Forrester Research by 7.8% in the second quarter. Jane Street Group LLC now owns 20,741 shares of the technology company’s stock valued at $205,000 after purchasing an additional 1,494 shares in the last quarter. Engineers Gate Manager LP lifted its holdings in Forrester Research by 9.7% during the 2nd quarter. Engineers Gate Manager LP now owns 19,626 shares of the technology company’s stock worth $194,000 after buying an additional 1,728 shares in the last quarter. Bank of New York Mellon Corp lifted its holdings in Forrester Research by 3.4% during the 1st quarter. Bank of New York Mellon Corp now owns 68,756 shares of the technology company’s stock worth $389,000 after buying an additional 2,266 shares in the last quarter. Federated Hermes Inc. boosted its position in Forrester Research by 1.0% in the 2nd quarter. Federated Hermes Inc. now owns 252,810 shares of the technology company’s stock valued at $2,503,000 after buying an additional 2,446 shares during the period. Finally, Squarepoint Ops LLC boosted its position in Forrester Research by 9.7% in the 4th quarter. Squarepoint Ops LLC now owns 31,145 shares of the technology company’s stock valued at $253,000 after buying an additional 2,752 shares during the period. Hedge funds and other 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.