Forrester Research (NASDAQ:FORR) Shares Pass Above 200 Day Moving Average – Here’s Why

Shares of Forrester Research, Inc. (NASDAQ:FORR) crossed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $6.96 and traded as high as $10.60. Forrester Research shares last traded at $10.41, with a volume of 148,163 shares.

Wall Street Analyst Weigh In

Separately, Weiss Ratings restated a “sell (e+)” rating on shares of Forrester Research in a research note on Wednesday, June 24th. 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 company has a quick ratio of 0.92, a current ratio of 0.92 and a debt-to-equity ratio of 0.33. The stock has a fifty day simple moving average of $7.58 and a 200-day simple moving average of $6.96. The company has a market capitalization of $202.06 million, a P/E ratio of -3.68, a PEG ratio of 1.96 and a beta of 0.97.

Forrester Research (NASDAQ:FORR) last posted its earnings results on Wednesday, May 6th. The technology company reported ($0.04) earnings per share for the quarter, missing the consensus estimate of $0.12 by ($0.16). The firm had revenue of $85.45 million during the quarter, compared to the consensus estimate of $83.28 million. Forrester Research had a positive return on equity of 6.65% and a negative net margin of 13.74%.Forrester Research has set its FY 2026 guidance at 0.720-0.820 EPS. Equities analysts forecast that Forrester Research, Inc. will post 0.38 EPS for the current year.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently modified their holdings of the business. Versant Capital Management Inc boosted its holdings in shares of Forrester Research by 63.2% in the 2nd quarter. Versant Capital Management Inc now owns 8,360 shares of the technology company’s stock worth $70,000 after acquiring an additional 3,237 shares in the last quarter. Quantinno Capital Management LP increased its holdings in Forrester Research by 81.0% during the 1st quarter. Quantinno Capital Management LP now owns 224,085 shares of the technology company’s stock valued at $1,268,000 after purchasing an additional 100,276 shares in the last quarter. Sei Investments Co. raised its position in Forrester Research by 112.3% in the 1st quarter. Sei Investments Co. now owns 284,424 shares of the technology company’s stock valued at $1,610,000 after purchasing an additional 150,470 shares during the last quarter. Bank of New York Mellon Corp raised its position in Forrester Research by 3.4% in the 1st quarter. Bank of New York Mellon Corp now owns 68,756 shares of the technology company’s stock valued at $389,000 after purchasing an additional 2,266 shares during the last quarter. Finally, Corient Private Wealth LLC acquired a new position in Forrester Research in the fourth quarter worth $93,000. 55.20% of the stock is owned by institutional investors and hedge funds.

Forrester Research Company Profile

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.