Royce & Associates LP Decreases Stake in Forrester Research, Inc. $FORR

Royce & Associates LP reduced its holdings in Forrester Research, Inc. (NASDAQ:FORR) by 90.5% in the third quarter, HoldingsChannel.com reports. The institutional investor owned 106,387 shares of the technology company’s stock after selling 1,014,910 shares during the period. Royce & Associates LP’s holdings in Forrester Research were worth $1,128,000 at the end of the most recent reporting period.

A number of other large investors have also recently made changes to their positions in the business. Pacific Ridge Capital Partners LLC raised its holdings in shares of Forrester Research by 5.1% in the third quarter. Pacific Ridge Capital Partners LLC now owns 432,322 shares of the technology company’s stock worth $4,583,000 after buying an additional 20,888 shares during the period. GSA Capital Partners LLP boosted its holdings in Forrester Research by 130.3% during the 3rd quarter. GSA Capital Partners LLP now owns 82,050 shares of the technology company’s stock valued at $870,000 after acquiring an additional 46,430 shares during the period. Vanguard Group Inc. grew its position in Forrester Research by 0.6% in the 3rd quarter. Vanguard Group Inc. now owns 649,765 shares of the technology company’s stock valued at $6,888,000 after acquiring an additional 3,795 shares during the last quarter. Federated Hermes Inc. grew its position in Forrester Research by 1.0% in the 3rd quarter. Federated Hermes Inc. now owns 255,364 shares of the technology company’s stock valued at $2,707,000 after acquiring an additional 2,554 shares during the last quarter. Finally, Versant Capital Management Inc raised its stake in shares of Forrester Research by 300.3% during the third quarter. Versant Capital Management Inc now owns 4,616 shares of the technology company’s stock valued at $49,000 after acquiring an additional 3,463 shares in the last quarter. 55.20% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of analysts recently issued reports on FORR shares. Zacks Research upgraded Forrester Research from a “strong sell” rating to a “hold” rating in a report on Monday, January 12th. Wall Street Zen lowered Forrester Research from a “buy” rating to a “hold” rating in a research report on Sunday, February 15th. Finally, Weiss Ratings reiterated a “sell (e+)” rating on shares of Forrester Research in a report on Monday, December 29th. One analyst has rated the stock with a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Reduce”.

Forrester Research Price Performance

NASDAQ FORR opened at $6.46 on Friday. The company has a market cap of $122.74 million, a PE ratio of -1.02, a P/E/G ratio of 1.27 and a beta of 0.95. The firm’s 50 day moving average price is $7.20 and its 200-day moving average price is $8.10. The company has a debt-to-equity ratio of 0.22, a quick ratio of 1.06 and a current ratio of 1.06. Forrester Research, Inc. has a 52-week low of $4.91 and a 52-week high of $11.57.

Forrester Research (NASDAQ:FORR) last released its quarterly earnings results on Thursday, February 12th. The technology company reported $0.17 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.21 by ($0.04). Forrester Research had a positive return on equity of 8.16% and a negative net margin of 30.07%.The firm had revenue of $101.06 million during the quarter, compared to analysts’ expectations of $103.26 million. Forrester Research has set its FY 2026 guidance at 0.720-0.820 EPS. Sell-side analysts forecast that Forrester Research, Inc. will post 0.74 EPS for the current fiscal year.

About Forrester Research

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.