Forrester Research (NASDAQ:FORR) posted its earnings results on Thursday, October 24th. The technology company reported $0.34 EPS for the quarter, beating the Zacks’ consensus estimate of $0.29 by $0.05, Fidelity Earnings reports. Forrester Research had a negative return on equity of 6.13% and a negative net margin of 2.08%. The company had revenue of $108.60 million for the quarter, compared to the consensus estimate of $107.21 million.
Shares of Forrester Research stock traded up $0.26 on Friday, hitting $36.99. The stock had a trading volume of 41,800 shares, compared to its average volume of 47,043. The company’s 50 day moving average price is $34.16 and its 200 day moving average price is $40.98. The stock has a market cap of $683.99 million, a price-to-earnings ratio of 44.04 and a beta of 0.72. The company has a current ratio of 0.61, a quick ratio of 0.64 and a debt-to-equity ratio of 1.27. Forrester Research has a 52-week low of $30.76 and a 52-week high of $51.75.
In related news, Director Neil Bradford bought 3,040 shares of the stock in a transaction on Tuesday, August 20th. The shares were purchased at an average price of $32.63 per share, for a total transaction of $99,195.20. Following the acquisition, the director now owns 8,809 shares in the company, valued at $287,437.67. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 43.40% of the stock is currently owned by corporate insiders.
A number of brokerages have recently weighed in on FORR. Zacks Investment Research cut Forrester Research from a “buy” rating to a “hold” rating in a research note on Thursday, October 31st. Maxim Group reissued a “buy” rating and set a $59.00 target price (down from $62.00) on shares of Forrester Research in a research note on Thursday, August 1st. BidaskClub raised Forrester Research from a “sell” rating to a “hold” rating in a research note on Friday, November 8th. Sidoti began coverage on Forrester Research in a research note on Wednesday, August 28th. They set a “buy” rating and a $55.00 target price for the company. Finally, Barrington Research reaffirmed a “hold” rating on shares of Forrester Research in a research report on Monday, October 21st. Three equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. The company has an average rating of “Buy” and an average target price of $51.00.
About Forrester Research
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.
Featured Story: QQQ ETF
Receive News & Ratings for Forrester Research Daily – Enter your email address below to receive a concise daily summary of the latest news and analysts’ ratings for Forrester Research and related companies with MarketBeat.com’s FREE daily email newsletter.