Forrester Research (NASDAQ:FORR) Share Price Crosses Above 200 Day Moving Average – Here’s Why

Forrester Research, Inc. (NASDAQ:FORR)’s stock price crossed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $6.73 and traded as high as $7.00. Forrester Research shares last traded at $6.67, with a volume of 147,051 shares trading hands.

Analysts Set New Price Targets

Separately, Weiss Ratings reiterated a “sell (e+)” rating on shares of Forrester Research in a research note on Friday, March 27th. One investment analyst has rated the stock with a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Reduce”.

Forrester Research Stock Performance

The stock has a market cap of $130.05 million, a PE ratio of -2.37, a PEG ratio of 1.27 and a beta of 1.02. 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 fifty day simple moving average of $6.46 and a two-hundred day simple moving average of $6.72.

Forrester Research (NASDAQ:FORR) last issued its quarterly earnings data on Wednesday, May 6th. The technology company reported ($0.04) 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 business had revenue of $85.45 million for the quarter, compared to analysts’ expectations of $83.28 million. Forrester Research has set its FY 2026 guidance at 0.720-0.820 EPS. As a group, equities analysts expect that Forrester Research, Inc. will post 0.38 earnings per share for the current fiscal year.

Institutional Trading of Forrester Research

Hedge funds have recently made changes to their positions in the stock. Vanguard Group Inc. lifted its stake in Forrester Research by 0.6% during 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 last quarter. Pacific Ridge Capital Partners LLC raised its holdings in shares of Forrester Research by 36.2% during the 4th quarter. Pacific Ridge Capital Partners LLC now owns 588,888 shares of the technology company’s stock valued at $4,782,000 after buying an additional 156,566 shares in the last quarter. Tieton Capital Management LLC bought a new stake in Forrester Research in the 4th quarter worth approximately $4,373,000. Portolan Capital Management LLC lifted its position in Forrester Research by 46.1% in the 3rd quarter. Portolan Capital Management LLC now owns 513,872 shares of the technology company’s stock worth $5,447,000 after buying an additional 162,146 shares during the last quarter. Finally, Hotchkis & Wiley Capital Management LLC boosted its stake in Forrester Research by 20.3% in the third 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 in the last quarter. 55.20% of the stock is owned by institutional investors.

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.