Nantahala Capital Management LLC Buys Shares of 763,446 Forrester Research, Inc. $FORR

Nantahala Capital Management LLC purchased a new position in Forrester Research, Inc. (NASDAQ:FORR) in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 763,446 shares of the technology company’s stock, valued at approximately $6,420,581. Nantahala Capital Management LLC owned approximately 4.01% of Forrester Research as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also made changes to their positions in the stock. Jane Street Group LLC grew its holdings in Forrester Research by 7.8% during the 2nd quarter. Jane Street Group LLC now owns 20,741 shares of the technology company’s stock worth $205,000 after acquiring an additional 1,494 shares in the last quarter. Engineers Gate Manager LP grew its holdings in shares of Forrester Research by 9.7% during the second quarter. Engineers Gate Manager LP now owns 19,626 shares of the technology company’s stock worth $194,000 after purchasing an additional 1,728 shares during the last quarter. Bank of New York Mellon Corp increased its position in shares of Forrester Research by 3.4% during the first quarter. Bank of New York Mellon Corp now owns 68,756 shares of the technology company’s stock worth $389,000 after purchasing an additional 2,266 shares in the last quarter. Federated Hermes Inc. increased its position in shares of Forrester Research by 1.0% during the second quarter. Federated Hermes Inc. now owns 252,810 shares of the technology company’s stock worth $2,503,000 after purchasing an additional 2,446 shares in the last quarter. Finally, Squarepoint Ops LLC lifted its holdings in shares of Forrester Research by 9.7% in the 4th quarter. Squarepoint Ops LLC now owns 31,145 shares of the technology company’s stock valued at $253,000 after purchasing an additional 2,752 shares during the last quarter. 55.20% of the stock is owned by institutional investors and hedge funds.

Forrester Research Stock Up 1.4%

Shares of NASDAQ:FORR opened at $12.38 on Friday. Forrester Research, Inc. has a 1-year low of $4.88 and a 1-year high of $12.63. The company has a debt-to-equity ratio of 0.29, a current ratio of 1.06 and a quick ratio of 1.06. The stock has a market cap of $235.72 million, a P/E ratio of -5.50, a P/E/G ratio of 2.30 and a beta of 0.93. The firm has a fifty day moving average price of $10.29 and a 200 day moving average price of $7.65.

Forrester Research (NASDAQ:FORR) last posted its quarterly earnings data on Thursday, July 30th. The technology company reported $0.40 EPS for the quarter, beating analysts’ consensus estimates of $0.26 by $0.14. Forrester Research had a negative net margin of 11.17% and a positive return on equity of 6.19%. The company had revenue of $100.23 million for the quarter, compared to analyst estimates of $96.91 million. Forrester Research has set its FY 2026 guidance at 0.720-0.820 EPS. Sell-side analysts predict that Forrester Research, Inc. will post 0.38 EPS for the current year.

Insider Activity

In related news, insider Ryan Darrah sold 5,000 shares of the business’s stock in a transaction dated Thursday, August 20th. The stock was sold at an average price of $11.78, for a total value of $58,900.00. Following the transaction, the insider owned 27,244 shares in the company, valued at $320,934.32. The trade was a 15.51% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. 40.70% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

A number of analysts recently issued reports on the company. Weiss Ratings raised Forrester Research from a “sell (e+)” rating to a “sell (d-)” rating in a research report on Tuesday, July 28th. Wall Street Zen raised Forrester Research from a “hold” rating to a “buy” rating in a research report on Saturday. One research analyst has rated the stock with a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Reduce”.

Forrester Research Profile

Forrester Research, Inc is a leading global research and advisory firm that provides insights and guidance to business and technology leaders. Founded in 1983 and headquartered in Cambridge, Massachusetts, the company offers a wide range of services designed to help clients understand market dynamics, evaluate technology investments and develop customer-centric strategies. Forrester’s core offerings include syndicated research reports, bespoke advisory services, consulting engagements and data-driven analytics.

Through its extensive research practice, Forrester produces in-depth analyses of emerging technologies, industry trends and best practices across sectors such as information technology, marketing, customer experience and digital business.