Barrington Research Comments on Forrester Research, Inc.’s Q3 2024 Earnings (NASDAQ:FORR)

Forrester Research, Inc. (NASDAQ:FORR) – Equities research analysts at Barrington Research upped their Q3 2024 earnings estimates for shares of Forrester Research in a research note issued on Wednesday, May 1st. Barrington Research analyst V. Colicchio now expects that the technology company will earn $0.34 per share for the quarter, up from their prior estimate of $0.25. The consensus estimate for Forrester Research’s current full-year earnings is $1.04 per share.

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

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

Forrester Research Stock Performance

NASDAQ FORR opened at $18.19 on Friday. The company has a quick ratio of 0.90, a current ratio of 0.90 and a debt-to-equity ratio of 0.15. The stock has a market cap of $352.70 million, a price-to-earnings ratio of 606.33, a price-to-earnings-growth ratio of 1.25 and a beta of 0.94. Forrester Research has a fifty-two week low of $17.26 and a fifty-two week high of $32.79. The business has a fifty day moving average of $19.86 and a 200-day moving average of $23.14.

Hedge Funds Weigh In On Forrester Research

A number of large investors have recently bought and sold shares of the stock. SG Americas Securities LLC acquired a new stake in Forrester Research during the third quarter worth about $105,000. Total Clarity Wealth Management Inc. acquired a new stake in Forrester Research during the 3rd quarter worth approximately $206,000. Cambiar Investors LLC raised its holdings in Forrester Research by 32.6% in the third quarter. Cambiar Investors LLC now owns 75,949 shares of the technology company’s stock valued at $2,195,000 after buying an additional 18,679 shares during the period. M&T Bank Corp grew its stake in Forrester Research by 20.2% during the third quarter. M&T Bank Corp now owns 57,573 shares of the technology company’s stock worth $1,664,000 after buying an additional 9,656 shares during the period. Finally, Illinois Municipal Retirement Fund acquired a new stake in shares of Forrester Research in the third quarter worth $201,000. Hedge funds and other institutional investors own 55.20% of the company’s stock.

Insider Buying and Selling at Forrester Research

In related 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 transaction, the director now directly owns 20,489 shares in the company, valued at $424,736.97. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 39.20% of the stock is currently owned by insiders.

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.