Forrester Research (NASDAQ:FORR) Shares Pass Above Two Hundred Day Moving Average – Should You Sell?

Forrester Research, Inc. (NASDAQ:FORR) crossed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $6.73 and traded as high as $8.09. Forrester Research shares last traded at $7.24, with a volume of 199,049 shares.

Analysts Set New Price Targets

Separately, Weiss Ratings reaffirmed a “sell (e+)” rating on shares of Forrester Research in a report on Friday, March 27th. One investment analyst has rated the stock with a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, Forrester Research has a consensus rating of “Reduce”.

Forrester Research Stock Down 9.2%

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 business has a 50-day simple moving average of $6.65 and a 200-day simple moving average of $6.73. The company has a market cap of $140.53 million, a PE ratio of -2.56, a P/E/G ratio of 1.52 and a beta of 1.02.

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 analysts’ consensus estimates 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. Equities research analysts anticipate that Forrester Research, Inc. will post 0.38 EPS for the current year.

Hedge Funds Weigh In On Forrester Research

Large investors have recently added to or reduced their stakes in the stock. Quantinno Capital Management LP raised its position in Forrester Research by 81.0% during the first quarter. Quantinno Capital Management LP now owns 224,085 shares of the technology company’s stock worth $1,268,000 after acquiring an additional 100,276 shares during the period. Sei Investments Co. grew its position in shares of Forrester Research by 112.3% in the first 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 period. Bank of New York Mellon Corp grew its position in shares of Forrester Research by 3.4% in the first 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 period. Corient Private Wealth LLC purchased a new stake in shares of Forrester Research during the fourth quarter worth about $93,000. Finally, Occudo Quantitative Strategies LP purchased a new stake in shares of Forrester Research during the fourth quarter worth about $93,000. 55.20% of the stock is currently 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.