Zacks Research Upgrades Forrester Research (NASDAQ:FORR) to Hold

Forrester Research (NASDAQ:FORR) was upgraded by Zacks Research from a “strong sell” rating to a “hold” rating in a report released on Monday,Zacks.com reports.

Several other equities research analysts have also weighed in on the company. Weiss Ratings restated a “sell (e+)” rating on shares of Forrester Research in a report on Monday, December 29th. Wall Street Zen cut shares of Forrester Research from a “buy” rating to a “hold” rating in a research note on Saturday, October 11th. Two investment analysts have rated the stock with a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat, Forrester Research currently has an average rating of “Reduce”.

Forrester Research Stock Up 2.3%

Shares of NASDAQ FORR traded up $0.19 during mid-day trading on Monday, reaching $8.37. The company had a trading volume of 15,387 shares, compared to its average volume of 81,550. Forrester Research has a 12-month low of $6.60 and a 12-month high of $15.80. The company has a debt-to-equity ratio of 0.22, a quick ratio of 1.06 and a current ratio of 1.06. The company has a market capitalization of $159.06 million, a price-to-earnings ratio of -1.87, a PEG ratio of 0.73 and a beta of 0.93. The stock has a fifty day moving average of $7.43 and a two-hundred day moving average of $8.94.

Forrester Research (NASDAQ:FORR) last posted its quarterly earnings results on Thursday, October 30th. The technology company reported $0.37 earnings per share for the quarter, topping analysts’ consensus estimates of $0.31 by $0.06. The business had revenue of $94.30 million for the quarter, compared to the consensus estimate of $99.16 million. Forrester Research had a negative net margin of 21.06% and a positive return on equity of 9.18%. Forrester Research has set its FY 2025 guidance at 1.150-1.250 EPS. As a group, equities research analysts expect that Forrester Research will post 0.74 EPS for the current year.

Institutional Investors Weigh In On Forrester Research

A number of institutional investors have recently made changes to their positions in FORR. Vanguard Group Inc. raised its holdings in Forrester Research by 0.6% in the third quarter. Vanguard Group Inc. now owns 649,765 shares of the technology company’s stock worth $6,888,000 after purchasing an additional 3,795 shares during the period. Portolan Capital Management LLC boosted its holdings in shares of Forrester Research by 46.1% in the 3rd quarter. Portolan Capital Management LLC now owns 513,872 shares of the technology company’s stock valued at $5,447,000 after buying an additional 162,146 shares during the last quarter. Pacific Ridge Capital Partners LLC raised its holdings in shares of Forrester Research by 5.1% in the 3rd quarter. Pacific Ridge Capital Partners LLC now owns 432,322 shares of the technology company’s stock valued at $4,583,000 after purchasing an additional 20,888 shares during the period. Acadian Asset Management LLC lifted its position in shares of Forrester Research by 1.2% in the second quarter. Acadian Asset Management LLC now owns 336,650 shares of the technology company’s stock valued at $3,331,000 after buying an additional 4,152 shares during the last quarter. Finally, Hotchkis & Wiley Capital Management LLC boosted its holdings in shares of Forrester Research by 20.3% during the 3rd quarter. Hotchkis & Wiley Capital Management LLC now owns 333,979 shares of the technology company’s stock worth $3,540,000 after buying an additional 56,249 shares during the period. 55.20% of the stock is owned by institutional investors and hedge funds.

Forrester Research Company Profile

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.