Q3 2024 EPS Estimates for Forrester Research, Inc. (NASDAQ:FORR) Increased by Barrington Research

Forrester Research, Inc. (NASDAQ:FORR) – Analysts at Barrington Research increased their Q3 2024 earnings estimates for shares of Forrester Research in a note issued to investors on Wednesday, May 1st. Barrington Research analyst V. Colicchio now forecasts that the technology company will post earnings of $0.34 per share for the quarter, up from their previous forecast of $0.25. The consensus estimate for Forrester Research’s current full-year earnings is $1.04 per share.

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

Forrester Research Stock Down 0.8 %

Shares of NASDAQ:FORR opened at $18.19 on Friday. The company has a 50 day moving average price of $19.86 and a two-hundred day moving average price of $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. The company has a market capitalization of $352.70 million, a PE ratio of 606.33, a PEG ratio of 1.25 and a beta of 0.94. Forrester Research has a 52 week low of $17.26 and a 52 week high of $32.79.

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

Insiders Place Their Bets

In other Forrester Research news, Director Robert Galford sold 13,000 shares of the stock in a transaction dated Tuesday, February 13th. The stock was sold at an average price of $20.73, for a total transaction of $269,490.00. Following the completion of the transaction, the director now owns 20,489 shares in the company, valued at approximately $424,736.97. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Corporate insiders own 39.20% of the company’s stock.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of the stock. Wellington Management Group LLP acquired a new position in shares of Forrester Research during the 4th quarter worth about $2,327,000. Cambiar Investors LLC grew its holdings in Forrester Research by 32.6% during the third quarter. Cambiar Investors LLC now owns 75,949 shares of the technology company’s stock worth $2,195,000 after purchasing an additional 18,679 shares during the period. L2 Asset Management LLC acquired a new position in Forrester Research during the third quarter worth approximately $516,000. GSA Capital Partners LLP raised its stake in Forrester Research by 44.4% in the first quarter. GSA Capital Partners LLP now owns 58,098 shares of the technology company’s stock valued at $1,253,000 after buying an additional 17,864 shares during the period. Finally, Watchman Group Inc. acquired a new stake in shares of Forrester Research in the third quarter valued at approximately $420,000. 55.20% of the stock is owned by institutional investors and hedge funds.

Forrester Research Company Profile

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.