Forrester Research Target of Unusually Large Options Trading (NASDAQ:FORR)

Forrester Research, Inc. (NASDAQ:FORR) was the target of some unusual options trading activity on Wednesday. Traders bought 7,019 put options on the stock. This is an increase of 668% compared to the average volume of 914 put options.

Analysts Set New Price Targets

A number of equities analysts have issued reports on the company. Wall Street Zen cut Forrester Research from a “buy” rating to a “hold” rating in a report on Sunday, February 15th. Zacks Research raised Forrester Research from a “strong sell” rating to a “hold” rating in a research report on Monday, January 12th. Finally, Weiss Ratings reiterated a “sell (e+)” rating on shares of Forrester Research in a report on Monday, December 29th. One investment analyst has rated the stock with a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, the stock has an average rating of “Reduce”.

Institutional Trading of Forrester Research

A number of hedge funds have recently modified their holdings of the stock. Vanguard Group Inc. boosted its holdings 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 period. Pacific Ridge Capital Partners LLC raised its holdings in Forrester Research by 36.2% in 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 acquiring an additional 156,566 shares during the period. Tieton Capital Management LLC acquired a new stake in Forrester Research during the fourth quarter worth approximately $4,373,000. Portolan Capital Management LLC lifted its position in Forrester Research by 46.1% during the third quarter. Portolan Capital Management LLC now owns 513,872 shares of the technology company’s stock worth $5,447,000 after acquiring an additional 162,146 shares during the last quarter. Finally, Hotchkis & Wiley Capital Management LLC boosted its holdings in shares of Forrester Research by 20.3% during the third quarter. Hotchkis & Wiley Capital Management LLC now owns 333,979 shares of the technology company’s stock worth $3,540,000 after acquiring an additional 56,249 shares during the period. Institutional investors and hedge funds own 55.20% of the company’s stock.

Forrester Research Stock Performance

Shares of NASDAQ:FORR opened at $5.84 on Friday. Forrester Research has a 52-week low of $4.91 and a 52-week high of $11.57. The company has a market capitalization of $112.01 million, a P/E ratio of -0.93, a price-to-earnings-growth ratio of 1.16 and a beta of 0.95. The company has a 50-day simple moving average of $6.63 and a 200 day simple moving average of $7.75.

Forrester Research (NASDAQ:FORR) last posted its quarterly earnings results on Thursday, February 12th. The technology company reported $0.17 earnings per share for the quarter, missing analysts’ consensus estimates of $0.21 by ($0.04). Forrester Research had a negative net margin of 30.07% and a positive return on equity of 8.55%. The business had revenue of $101.06 million during the quarter, compared to the consensus estimate of $103.26 million. Forrester Research has set its FY 2026 guidance at 0.720-0.820 EPS. As a group, equities analysts forecast that Forrester Research will post 0.74 earnings per share for the current year.

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.