Pacific Ridge Capital Partners LLC Acquires 156,566 Shares of Forrester Research, Inc. $FORR

Pacific Ridge Capital Partners LLC lifted its holdings in shares of Forrester Research, Inc. (NASDAQ:FORR) by 36.2% during the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 588,888 shares of the technology company’s stock after purchasing an additional 156,566 shares during the period. Pacific Ridge Capital Partners LLC’s holdings in Forrester Research were worth $4,782,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently made changes to their positions in FORR. Jacobs Levy Equity Management Inc. acquired a new position in Forrester Research during the 1st quarter worth about $149,000. Jane Street Group LLC bought a new stake in shares of Forrester Research during the first quarter valued at approximately $178,000. Arrowstreet Capital Limited Partnership bought a new position in Forrester Research in the 2nd quarter worth approximately $801,000. Marshall Wace LLP acquired a new stake in Forrester Research in the second quarter worth about $131,000. Finally, Federated Hermes Inc. grew its position in shares of Forrester Research by 1.0% during the 2nd quarter. Federated Hermes Inc. now owns 252,810 shares of the technology company’s stock worth $2,503,000 after buying an additional 2,446 shares during the period. 55.20% of the stock is currently owned by institutional investors and hedge funds.

Forrester Research Stock Down 4.1%

FORR stock opened at $6.59 on Tuesday. The business has a 50 day moving average price of $5.98 and a two-hundred day moving average price of $6.91. Forrester Research, Inc. has a twelve month low of $4.88 and a twelve month high of $11.57. The company has a market cap of $126.40 million, a price-to-earnings ratio of -2.33, a P/E/G ratio of 1.33 and a beta of 0.99.

Forrester Research (NASDAQ:FORR) last posted its earnings results on Wednesday, May 6th. The technology company reported ($0.04) EPS for the quarter, missing the consensus estimate of $0.12 by ($0.16). The firm had revenue of $85.45 million during the quarter, compared to analyst estimates of $83.28 million. Forrester Research had a negative net margin of 13.74% and a positive return on equity of 6.18%. Forrester Research has set its FY 2026 guidance at 0.720-0.820 EPS. On average, equities research analysts anticipate that Forrester Research, Inc. will post 0.37 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of brokerages have issued reports on FORR. Zacks Research raised shares of Forrester Research from a “strong sell” rating to a “hold” rating in a research note on Monday, January 12th. Wall Street Zen lowered Forrester Research from a “buy” rating to a “hold” rating in a research note on Sunday, February 15th. Finally, Weiss Ratings reissued a “sell (e+)” rating on shares of Forrester Research in a research note on Friday, March 27th. One equities research analyst has rated the stock with a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average 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.