Forrester Research (NASDAQ:FORR) Stock Passes Above 200 Day Moving Average – Should You Sell?

Forrester Research, Inc. (NASDAQ:FORR) shares passed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $6.77 and traded as high as $6.97. Forrester Research shares last traded at $6.93, with a volume of 130,142 shares changing hands.

Wall Street Analyst Weigh In

FORR has been the topic of a number of research analyst reports. Weiss Ratings restated a “sell (e+)” rating on shares of Forrester Research in a research note on Friday, March 27th. Wall Street Zen cut Forrester Research from a “buy” rating to a “hold” rating in a research note on Sunday, February 15th. One investment analyst has rated the stock with a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Reduce”.

Forrester Research Trading Up 3.6%

The company has a debt-to-equity ratio of 0.33, a quick ratio of 0.92 and a current ratio of 0.92. The business has a fifty day simple moving average of $6.09 and a 200 day simple moving average of $6.77. The stock has a market capitalization of $134.51 million, a price-to-earnings ratio of -2.45, a price-to-earnings-growth ratio of 1.27 and a beta of 0.99.

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 analysts’ consensus estimates of $0.12 by ($0.16). Forrester Research had a negative net margin of 13.74% and a positive return on equity of 6.65%. The firm had revenue of $85.45 million during the quarter, compared to analyst estimates of $83.28 million. Forrester Research has set its FY 2026 guidance at 0.720-0.820 EPS. As a group, research analysts expect that Forrester Research, Inc. will post 0.38 EPS for the current year.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Portolan Capital Management LLC grew its holdings in shares of Forrester Research by 46.1% during the 3rd quarter. Portolan Capital Management LLC now owns 513,872 shares of the technology company’s stock worth $5,447,000 after purchasing an additional 162,146 shares in the last quarter. Pacific Ridge Capital Partners LLC grew 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 worth $4,782,000 after purchasing an additional 156,566 shares in the last quarter. Sei Investments Co. grew its holdings in shares of Forrester Research by 112.3% during the 1st quarter. Sei Investments Co. now owns 284,424 shares of the technology company’s stock worth $1,610,000 after purchasing an additional 150,470 shares in the last quarter. Bank of New York Mellon Corp grew its holdings in shares of Forrester Research by 3.4% during the 1st quarter. Bank of New York Mellon Corp now owns 68,756 shares of the technology company’s stock worth $389,000 after purchasing an additional 2,266 shares in the last quarter. Finally, Tieton Capital Management LLC acquired a new stake in shares of Forrester Research during the 4th quarter worth $4,373,000. 55.20% of the stock is owned by institutional investors and hedge funds.

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.