Sidoti Csr Weighs in on Forrester Research, Inc.’s Q2 2024 Earnings (NASDAQ:FORR)

Forrester Research, Inc. (NASDAQ:FORR) – Analysts at Sidoti Csr decreased their Q2 2024 earnings per share estimates for Forrester Research in a research report issued on Wednesday, May 1st. Sidoti Csr analyst A. Soderstrom now expects that the technology company will earn $0.54 per share for the quarter, down from their prior forecast of $0.61. The consensus estimate for Forrester Research’s current full-year earnings is $1.04 per share. Sidoti Csr also issued estimates for Forrester Research’s Q2 2025 earnings at $0.58 EPS, Q3 2025 earnings at $0.24 EPS and Q4 2025 earnings at $0.28 EPS.

Separately, StockNews.com downgraded shares of Forrester Research from a “buy” rating to a “hold” rating in a research note on Wednesday.

Forrester Research Stock Down 0.8 %

Shares of FORR opened at $18.19 on Friday. The company’s 50-day simple moving average is $19.86 and its 200-day simple moving average is $23.14. The company has a debt-to-equity ratio of 0.15, a quick ratio of 0.90 and a current ratio of 0.90. Forrester Research has a 1 year low of $17.26 and a 1 year high of $32.79. The stock has a market capitalization of $352.70 million, a PE ratio of 606.33, a P/E/G ratio of 1.25 and a beta of 0.94.

Forrester Research (NASDAQ:FORR) last posted its earnings results on Thursday, February 8th. The technology company reported $0.09 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.11 by ($0.02). The firm had revenue of $118.09 million for the quarter, compared to analyst estimates of $116.43 million. Forrester Research had a return on equity of 9.26% and a net margin of 0.10%.

Insider Buying and Selling at Forrester Research

In related news, Director Robert Galford sold 13,000 shares of the company’s stock in a transaction that occurred on Tuesday, February 13th. The shares were sold at an average price of $20.73, for a total transaction of $269,490.00. Following the sale, the director now directly owns 20,489 shares in the company, valued at $424,736.97. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. 39.20% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Forrester Research

Large investors have recently bought and sold shares of the business. GSA Capital Partners LLP lifted its holdings in Forrester Research by 44.4% during the 1st quarter. GSA Capital Partners LLP now owns 58,098 shares of the technology company’s stock worth $1,253,000 after buying an additional 17,864 shares during the last quarter. BNP Paribas Financial Markets lifted its stake in Forrester Research by 63.2% during the first quarter. BNP Paribas Financial Markets now owns 24,023 shares of the technology company’s stock worth $518,000 after purchasing an additional 9,299 shares during the last quarter. PNC Financial Services Group Inc. boosted its holdings in Forrester Research by 52.3% in the fourth quarter. PNC Financial Services Group Inc. now owns 1,553 shares of the technology company’s stock valued at $42,000 after purchasing an additional 533 shares in the last quarter. Wellington Management Group LLP purchased a new position in Forrester Research in the fourth quarter valued at approximately $2,327,000. Finally, Quest Partners LLC acquired a new stake in Forrester Research during the fourth quarter worth approximately $28,000. Hedge funds and other institutional investors own 55.20% of the company’s stock.

About Forrester Research

Forrester Research, Inc operates as an independent research and advisory company in the United States and internationally. The company operates in three segments: Research, Consulting, and Events. The Research segment primary subscription research services include Forrester Decisions, Forrester Research, and SiriusDecisions Research, which are designed to provide business and technology leaders with a proven path to growth through customer obsession.