Forrester Research, Inc. (NASDAQ:FORR) – Equities research analysts at Barrington Research cut their FY2019 earnings estimates for shares of Forrester Research in a note issued to investors on Tuesday, October 29th, Zacks Investment Research reports. Barrington Research analyst V. Colicchio now expects that the technology company will post earnings of ($0.70) per share for the year, down from their previous forecast of ($0.57). Barrington Research currently has a “Hold” rating on the stock. Barrington Research also issued estimates for Forrester Research’s Q4 2019 earnings at $0.08 EPS and FY2020 earnings at $0.16 EPS.
FORR has been the subject of several other research reports. BidaskClub upgraded shares of Forrester Research from a “sell” rating to a “hold” rating in a research report on Friday, November 8th. Zacks Investment Research downgraded shares of Forrester Research from a “buy” rating to a “hold” rating in a research report on Thursday, October 31st. ValuEngine upgraded shares of Forrester Research from a “hold” rating to a “buy” rating in a research report on Wednesday, October 16th. Sidoti assumed coverage on shares of Forrester Research in a research report on Wednesday, August 28th. They issued a “buy” rating and a $55.00 price target for the company. Finally, Maxim Group restated a “buy” rating and issued a $59.00 price target (down previously from $62.00) on shares of Forrester Research in a research report on Thursday, August 1st. Three research analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and an average price target of $51.00.
FORR opened at $36.99 on Friday. The company has a quick ratio of 0.64, a current ratio of 0.61 and a debt-to-equity ratio of 1.27. The firm has a market cap of $681.94 million, a price-to-earnings ratio of 44.04 and a beta of 0.72. Forrester Research has a fifty-two week low of $30.76 and a fifty-two week high of $51.75. The company’s 50-day moving average price is $34.16 and its 200 day moving average price is $40.98.
Forrester Research (NASDAQ:FORR) last released its quarterly earnings data on Thursday, October 24th. The technology company reported $0.34 earnings per share for the quarter, topping the consensus estimate of $0.29 by $0.05. The firm had revenue of $108.60 million for the quarter, compared to analyst estimates of $107.21 million. Forrester Research had a negative net margin of 2.08% and a negative return on equity of 6.13%.
In related news, Director Neil Bradford bought 3,040 shares of the business’s stock in a transaction on Tuesday, August 20th. The stock was bought at an average price of $32.63 per share, for a total transaction of $99,195.20. Following the transaction, the director now directly owns 8,809 shares in the company, valued at $287,437.67. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. 43.40% of the stock is owned by corporate insiders.
A number of hedge funds have recently added to or reduced their stakes in the business. Tower Research Capital LLC TRC lifted its position in Forrester Research by 504.9% in the 3rd quarter. Tower Research Capital LLC TRC now owns 1,730 shares of the technology company’s stock worth $56,000 after buying an additional 1,444 shares in the last quarter. GW&K Investment Management LLC lifted its position in Forrester Research by 41.9% in the 3rd quarter. GW&K Investment Management LLC now owns 154,898 shares of the technology company’s stock worth $4,978,000 after buying an additional 45,724 shares in the last quarter. SG Americas Securities LLC purchased a new stake in Forrester Research in the 3rd quarter worth approximately $149,000. Russell Investments Group Ltd. lifted its position in Forrester Research by 4.1% in the 3rd quarter. Russell Investments Group Ltd. now owns 18,115 shares of the technology company’s stock worth $583,000 after buying an additional 713 shares in the last quarter. Finally, State of Tennessee Treasury Department lifted its position in Forrester Research by 66.2% in the 3rd quarter. State of Tennessee Treasury Department now owns 18,925 shares of the technology company’s stock worth $609,000 after buying an additional 7,535 shares in the last quarter. Institutional investors own 53.86% of the company’s stock.
Forrester Research Company Profile
Forrester Research, Inc operates as an independent research, data, and advisory services company. It operates through Research, Product, and Project Consulting segments. Its primary syndicated research product is Research, which offers clients with access to its syndicated research designed to inform their strategic decision-making.
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