William Blair Equities Analysts Increase Earnings Estimates for Forrester Research, Inc. (NASDAQ:FORR)

Forrester Research, Inc. (NASDAQ:FORR) – Stock analysts at William Blair increased their Q3 2024 EPS estimates for Forrester Research in a research report issued on Thursday, May 2nd. William Blair analyst A. Nicholas now expects that the technology company will earn $0.24 per share for the quarter, up from their previous estimate of $0.23. The consensus estimate for Forrester Research’s current full-year earnings is $1.05 per share. William Blair also issued estimates for Forrester Research’s Q2 2025 earnings at $0.69 EPS and Q4 2025 earnings at $0.20 EPS.

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 analysts’ consensus estimates 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 analysts’ expectations 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, May 1st.

Forrester Research Stock Up 0.8 %

NASDAQ:FORR opened at $18.34 on Monday. The company’s 50 day moving average is $19.82 and its two-hundred day moving average is $23.00. The company has a market cap of $355.61 million, a PE ratio of 611.33, a P/E/G ratio of 1.28 and a beta of 0.94. Forrester Research has a twelve month low of $17.26 and a twelve month high of $32.79. The company has a current ratio of 0.90, a quick ratio of 0.90 and a debt-to-equity ratio of 0.15.

Insider Buying and Selling

In related news, Director Robert Galford sold 13,000 shares of the stock in a transaction that occurred on Tuesday, February 13th. The shares were sold at an average price of $20.73, for a total value of $269,490.00. Following the transaction, the director now owns 20,489 shares in the company, valued at approximately $424,736.97. The sale was disclosed in a filing with the SEC, which is available through this link. Corporate insiders own 39.20% of the company’s stock.

Institutional Investors Weigh In On Forrester Research

Several hedge funds have recently added to or reduced their stakes in the business. PNC Financial Services Group Inc. grew its holdings in Forrester Research by 52.3% during the fourth quarter. PNC Financial Services Group Inc. now owns 1,553 shares of the technology company’s stock worth $42,000 after acquiring an additional 533 shares during the period. Wedge Capital Management L L P NC increased its holdings in shares of Forrester Research by 2.4% during the 4th quarter. Wedge Capital Management L L P NC now owns 25,456 shares of the technology company’s stock valued at $682,000 after purchasing an additional 593 shares in the last quarter. Swiss National Bank lifted its stake in shares of Forrester Research by 2.8% in the 3rd quarter. Swiss National Bank now owns 25,350 shares of the technology company’s stock valued at $733,000 after purchasing an additional 700 shares during the period. Quadrature Capital Ltd lifted its stake in shares of Forrester Research by 5.2% in the 3rd quarter. Quadrature Capital Ltd now owns 15,043 shares of the technology company’s stock valued at $435,000 after purchasing an additional 741 shares during the period. Finally, SG Americas Securities LLC boosted its holdings in Forrester Research by 20.8% during the fourth quarter. SG Americas Securities LLC now owns 4,380 shares of the technology company’s stock worth $117,000 after buying an additional 753 shares in the last quarter. 55.20% of the stock is owned by hedge funds and other institutional investors.

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.