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

Forrester Research, Inc. (NASDAQ:FORR) – Equities research analysts at Sidoti Csr cut their Q2 2024 earnings per share (EPS) estimates for Forrester Research in a report released on Wednesday, May 1st. Sidoti Csr analyst A. Soderstrom now forecasts 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. Forrester Research has a 1 year low of $17.26 and a 1 year high of $32.79. The company has a debt-to-equity ratio of 0.15, a current ratio of 0.90 and a quick ratio of 0.90. The stock has a 50 day simple moving average of $19.86 and a two-hundred day simple moving average of $23.10. The firm has a market cap of $352.70 million, a P/E ratio of 606.33, a P/E/G ratio of 1.31 and a beta of 0.94.

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

Hedge Funds Weigh In On Forrester Research

A number of hedge funds have recently modified their holdings of FORR. Total Clarity Wealth Management Inc. raised its stake in shares of Forrester Research by 135.9% during the fourth quarter. Total Clarity Wealth Management Inc. now owns 16,795 shares of the technology company’s stock valued at $450,000 after acquiring an additional 9,674 shares during the last quarter. Swiss National Bank increased its holdings in Forrester Research by 2.8% during 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. M&T Bank Corp raised its position in Forrester Research by 20.2% during the 3rd quarter. M&T Bank Corp now owns 57,573 shares of the technology company’s stock valued at $1,664,000 after purchasing an additional 9,656 shares during the last quarter. Vanguard Group Inc. grew its position in shares of Forrester Research by 0.5% in the 3rd quarter. Vanguard Group Inc. now owns 1,389,683 shares of the technology company’s stock worth $40,162,000 after buying an additional 7,316 shares during the last quarter. Finally, Barclays PLC increased its stake in shares of Forrester Research by 22.2% during the third quarter. Barclays PLC now owns 16,191 shares of the technology company’s stock valued at $468,000 after buying an additional 2,942 shares during the period. Hedge funds and other institutional investors own 55.20% of the company’s stock.

Insider Buying and Selling at Forrester Research

In other Forrester Research news, Director Robert Galford sold 13,000 shares of the business’s stock in a transaction that occurred on Tuesday, February 13th. The stock was sold at an average price of $20.73, for a total value of $269,490.00. Following the completion of the sale, the director now owns 20,489 shares in the company, valued at $424,736.97. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 39.20% 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.