Sidoti Csr Weighs in on Forrester Research, Inc.’s Q3 2024 Earnings (NASDAQ:FORR)

Forrester Research, Inc. (NASDAQ:FORR) – Investment analysts at Sidoti Csr upped their Q3 2024 earnings per share estimates for shares of Forrester Research in a research report issued to clients and investors on Wednesday, May 1st. Sidoti Csr analyst A. Soderstrom now forecasts that the technology company will post earnings of $0.24 per share for the quarter, up from their prior forecast of $0.13. The consensus estimate for Forrester Research’s current full-year earnings is $1.05 per share. Sidoti Csr also issued estimates for Forrester Research’s Q4 2024 earnings at $0.27 EPS, FY2024 earnings at $1.05 EPS, Q1 2025 earnings at $0.10 EPS and FY2025 earnings at $1.20 EPS.

Separately, StockNews.com downgraded shares of Forrester Research from a “buy” rating to a “hold” rating in a research report on Wednesday, May 1st.

Forrester Research Price Performance

FORR opened at $19.13 on Monday. Forrester Research has a fifty-two week low of $17.26 and a fifty-two week high of $32.79. The firm has a 50-day moving average of $19.78 and a 200 day moving average of $22.94. The company has a debt-to-equity ratio of 0.15, a quick ratio of 0.90 and a current ratio of 0.90. The firm has a market cap of $370.93 million, a P/E ratio of 637.67, a PEG ratio of 1.28 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 for the quarter, missing the consensus estimate of $0.11 by ($0.02). Forrester Research had a return on equity of 9.26% and a net margin of 0.10%. The business had revenue of $118.09 million during the quarter, compared to analysts’ expectations of $116.43 million.

Hedge Funds Weigh In On Forrester Research

A number of large investors have recently made changes to their positions in FORR. Wellington Management Group LLP purchased a new stake in Forrester Research during the 4th quarter worth about $2,327,000. Cambiar Investors LLC increased its position in shares of Forrester Research by 32.6% during 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. L2 Asset Management LLC purchased a new stake in shares of Forrester Research in the third quarter worth about $516,000. GSA Capital Partners LLP boosted its position in shares of Forrester Research by 44.4% in the first quarter. GSA Capital Partners LLP now owns 58,098 shares of the technology company’s stock valued at $1,253,000 after acquiring an additional 17,864 shares during the period. Finally, Watchman Group Inc. purchased a new position in Forrester Research during the third quarter valued at approximately $420,000. 55.20% of the stock is owned by institutional investors.

Insider Activity

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

Forrester Research Company Profile

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.