Forrester Research (NASDAQ:FORR) Shares Cross Above Two Hundred Day Moving Average – What’s Next?

Forrester Research, Inc. (NASDAQ:FORR)’s share price passed 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.

Wall Street Analyst Weigh In

Separately, Weiss Ratings restated a “sell (e+)” rating on shares of Forrester Research in a report on Friday, March 27th. One equities research analyst has rated the stock with a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Reduce”.

Forrester Research Price Performance

The company has a market capitalization of $129.46 million, a PE ratio of -2.36, a price-to-earnings-growth ratio of 1.31 and a beta of 1.02. The company has a debt-to-equity ratio of 0.33, a current ratio of 0.92 and a quick ratio of 0.92. The stock’s 50 day simple moving average is $6.43 and its 200-day simple moving average is $6.73.

Forrester Research (NASDAQ:FORR) last posted 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). The business had revenue of $85.45 million during the quarter, compared to analysts’ expectations of $83.28 million. Forrester Research had a negative net margin of 13.74% and a positive return on equity of 6.65%. Forrester Research has set its FY 2026 guidance at 0.720-0.820 EPS. As a group, equities analysts forecast that Forrester Research, Inc. will post 0.38 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Forrester Research

Institutional investors have recently modified their holdings of the business. BNP Paribas Financial Markets increased its position in shares of Forrester Research by 402.0% during the third quarter. BNP Paribas Financial Markets now owns 6,190 shares of the technology company’s stock worth $66,000 after acquiring an additional 4,957 shares during the period. Strs Ohio purchased a new position in Forrester Research in the fourth quarter valued at $90,000. Inscription Capital LLC acquired a new position in Forrester Research during the 4th quarter worth $91,000. Occudo Quantitative Strategies LP acquired a new position in Forrester Research during the 4th quarter worth $93,000. Finally, Corient Private Wealth LLC purchased a new stake in Forrester Research during the 4th quarter worth about $93,000. Institutional investors and hedge funds own 55.20% of the company’s stock.

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.