Stock Traders Buy High Volume of Put Options on Forrester Research (NASDAQ:FORR)

Forrester Research, Inc. (NASDAQ:FORR) saw unusually large options trading activity on Monday. Stock traders purchased 7,000 put options on the company. This represents an increase of 11,375% compared to the average volume of 61 put options.

Forrester Research Stock Performance

Shares of FORR stock opened at $5.52 on Wednesday. The company has a market cap of $104.88 million, a P/E ratio of -0.87, a PEG ratio of 1.11 and a beta of 0.93. The firm has a fifty day moving average price of $7.38 and a 200 day moving average price of $8.28. The company has a current ratio of 1.06, a quick ratio of 1.06 and a debt-to-equity ratio of 0.22. Forrester Research has a 12 month low of $4.91 and a 12 month high of $12.10.

Forrester Research (NASDAQ:FORR) last announced its quarterly earnings results on Thursday, February 12th. The technology company reported $0.17 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.21 by ($0.04). Forrester Research had a positive return on equity of 8.16% and a negative net margin of 30.07%.The business had revenue of $101.06 million for the quarter, compared to analysts’ expectations of $103.26 million. Forrester Research has set its FY 2026 guidance at 0.720-0.820 EPS. Sell-side analysts predict that Forrester Research will post 0.74 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of analysts have recently weighed in on the company. Weiss Ratings reaffirmed a “sell (e+)” rating on shares of Forrester Research in a research report on Monday, December 29th. Wall Street Zen cut Forrester Research from a “buy” rating to a “hold” rating in a research note on Sunday, February 15th. Finally, Zacks Research raised Forrester Research from a “strong sell” rating to a “hold” rating in a research report on Monday, January 12th. One analyst has rated the stock with a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Reduce”.

Hedge Funds Weigh In On Forrester Research

Several hedge funds have recently added to or reduced their stakes in FORR. Vanguard Group Inc. lifted its position in shares of Forrester Research by 0.6% during the 3rd quarter. Vanguard Group Inc. now owns 649,765 shares of the technology company’s stock worth $6,888,000 after buying an additional 3,795 shares during the last quarter. Pacific Ridge Capital Partners LLC raised its stake in 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 worth $4,782,000 after acquiring an additional 156,566 shares in the last quarter. Tieton Capital Management LLC purchased a new stake in Forrester Research in the fourth quarter valued at $4,373,000. Portolan Capital Management LLC boosted its stake in Forrester Research by 46.1% in the third quarter. Portolan Capital Management LLC now owns 513,872 shares of the technology company’s stock valued at $5,447,000 after acquiring an additional 162,146 shares in the last quarter. Finally, Acadian Asset Management LLC grew its holdings in shares of Forrester Research by 1.2% during the second quarter. Acadian Asset Management LLC now owns 336,650 shares of the technology company’s stock worth $3,331,000 after purchasing an additional 4,152 shares during the last quarter. 55.20% of the stock is currently owned by hedge funds and other 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.