Equities research analysts expect that Forrester Research, Inc. (NASDAQ:FORR) will post sales of $107.21 million for the current quarter, according to Zacks Investment Research. Two analysts have provided estimates for Forrester Research’s earnings. The highest sales estimate is $107.40 million and the lowest is $107.02 million. Forrester Research reported sales of $84.89 million in the same quarter last year, which indicates a positive year-over-year growth rate of 26.3%. The company is scheduled to issue its next quarterly earnings results on Wednesday, October 23rd.

According to Zacks, analysts expect that Forrester Research will report full-year sales of $461.66 million for the current year, with estimates ranging from $461.62 million to $461.70 million. For the next year, analysts forecast that the business will report sales of $493.00 million, with estimates ranging from $484.70 million to $501.30 million. Zacks’ sales averages are an average based on a survey of sell-side research firms that follow Forrester Research.

Forrester Research (NASDAQ:FORR) last posted its earnings results on Wednesday, July 31st. The technology company reported $0.08 EPS for the quarter, beating the Zacks’ consensus estimate of $0.04 by $0.04. Forrester Research had a negative net margin of 0.59% and a negative return on equity of 1.65%. The firm had revenue of $128.18 million for the quarter, compared to the consensus estimate of $126.76 million.

FORR has been the subject of several research reports. BidaskClub downgraded Forrester Research from a “sell” rating to a “strong sell” rating in a report on Wednesday, August 14th. Sidoti began coverage on Forrester Research in a research note on Wednesday, August 28th. They issued a “buy” rating and a $55.00 price objective for the company. Zacks Investment Research raised Forrester Research from a “hold” rating to a “buy” rating and set a $53.00 price objective for the company in a report on Thursday, August 1st. Maxim Group restated a “buy” rating and set a $59.00 target price (down from $62.00) on shares of Forrester Research in a research report on Thursday, August 1st. Finally, ValuEngine cut shares of Forrester Research from a “buy” rating to a “hold” rating in a report on Thursday, September 5th. One investment analyst has rated the stock with a sell rating, two have given a hold rating and three have assigned a buy rating to the company. The stock has a consensus rating of “Hold” and an average target price of $55.67.

In other Forrester Research news, Director Neil Bradford purchased 3,040 shares of the firm’s stock in a transaction that occurred on Tuesday, August 20th. The shares were purchased at an average cost of $32.63 per share, for a total transaction of $99,195.20. Following the completion of the purchase, the director now directly owns 8,809 shares in the company, valued at $287,437.67. The acquisition was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director Gretchen Teichgraeber sold 1,000 shares of Forrester Research stock in a transaction that occurred on Friday, June 14th. The shares were sold at an average price of $45.83, for a total value of $45,830.00. Following the completion of the sale, the director now owns 17,701 shares in the company, valued at $811,236.83. The disclosure for this sale can be found here. Corporate insiders own 43.40% of the company’s stock.

A number of institutional investors have recently added to or reduced their stakes in the business. BNP Paribas Arbitrage SA boosted its position in shares of Forrester Research by 940.9% during the 1st quarter. BNP Paribas Arbitrage SA now owns 2,415 shares of the technology company’s stock worth $117,000 after purchasing an additional 2,183 shares in the last quarter. Menta Capital LLC boosted its holdings in Forrester Research by 53.1% during the second quarter. Menta Capital LLC now owns 10,095 shares of the technology company’s stock worth $475,000 after buying an additional 3,500 shares in the last quarter. MetLife Investment Advisors LLC grew its position in Forrester Research by 27.8% during the first quarter. MetLife Investment Advisors LLC now owns 4,738 shares of the technology company’s stock worth $229,000 after buying an additional 1,031 shares during the period. Texas Permanent School Fund grew its position in Forrester Research by 3.8% during the first quarter. Texas Permanent School Fund now owns 6,945 shares of the technology company’s stock worth $336,000 after buying an additional 252 shares during the period. Finally, Panagora Asset Management Inc. increased its holdings in Forrester Research by 141.5% in the second quarter. Panagora Asset Management Inc. now owns 10,642 shares of the technology company’s stock valued at $500,000 after buying an additional 6,236 shares in the last quarter. 56.01% of the stock is owned by institutional investors.

Shares of FORR traded up $1.06 during midday trading on Friday, reaching $35.75. 48,068 shares of the stock were exchanged, compared to its average volume of 56,184. The business’s 50-day moving average price is $37.49 and its 200 day moving average price is $45.60. The company has a debt-to-equity ratio of 1.31, a current ratio of 0.64 and a quick ratio of 0.64. Forrester Research has a twelve month low of $31.77 and a twelve month high of $51.75. The company has a market capitalization of $635.03 million, a price-to-earnings ratio of 42.56 and a beta of 0.75.

Forrester Research Company Profile

Forrester Research, Inc operates as an independent research, data, and advisory services company. It operates through Research, Product, and Project Consulting segments. Its primary syndicated research product is Research, which offers clients with access to its syndicated research designed to inform their strategic decision-making.

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