Sidoti Csr Lowers Earnings Estimates for Forrester Research

Forrester Research, Inc. (NASDAQ:FORR - Free Report) - Investment analysts at Sidoti Csr decreased their FY2024 EPS estimates for Forrester Research in a report issued on Wednesday, November 6th. Sidoti Csr analyst A. Soderstrom now anticipates that the technology company will post earnings of $0.91 per share for the year, down from their previous forecast of $0.93. The consensus estimate for Forrester Research's current full-year earnings is $0.90 per share. Sidoti Csr also issued estimates for Forrester Research's Q4 2025 earnings at $0.31 EPS, FY2025 earnings at $1.31 EPS, Q1 2026 earnings at $0.15 EPS, Q2 2026 earnings at $0.62 EPS, Q3 2026 earnings at $0.32 EPS and FY2026 earnings at $1.46 EPS.

Separately, StockNews.com cut shares of Forrester Research from a "buy" rating to a "hold" rating in a report on Tuesday, October 1st.

Forrester Research Trading Up 4.4 %

NASDAQ:FORR traded up $0.71 during trading hours on Monday, hitting $16.95. The company had a trading volume of 61,848 shares, compared to its average volume of 117,384. The company has a market capitalization of $323.07 million, a PE ratio of -48.37, a price-to-earnings-growth ratio of 1.32 and a beta of 0.88. The stock has a 50-day moving average price of $16.76 and a 200 day moving average price of $17.61. Forrester Research has a 52 week low of $14.38 and a 52 week high of $27.89. The company has a debt-to-equity ratio of 0.15, a current ratio of 0.91 and a quick ratio of 0.91.

Hedge Funds Weigh In On Forrester Research

A number of hedge funds have recently bought and sold shares of the business. Kent Lake Capital LLC purchased a new stake in shares of Forrester Research during the 1st quarter valued at about $11,473,000. Millennium Management LLC increased its position in shares of Forrester Research by 134.7% during the 2nd quarter. Millennium Management LLC now owns 274,440 shares of the technology company's stock valued at $4,687,000 after purchasing an additional 157,510 shares during the last quarter. Ballentine Partners LLC increased its position in shares of Forrester Research by 1.7% during the 3rd quarter. Ballentine Partners LLC now owns 254,399 shares of the technology company's stock valued at $4,582,000 after purchasing an additional 4,342 shares during the last quarter. Acadian Asset Management LLC increased its position in shares of Forrester Research by 511.8% during the 2nd quarter. Acadian Asset Management LLC now owns 230,848 shares of the technology company's stock valued at $3,940,000 after purchasing an additional 193,116 shares during the last quarter. Finally, GSA Capital Partners LLP increased its position in shares of Forrester Research by 31.2% during the 3rd quarter. GSA Capital Partners LLP now owns 96,288 shares of the technology company's stock valued at $1,734,000 after purchasing an additional 22,898 shares during the last quarter. Hedge funds and other institutional investors own 55.20% 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.