Brokerages expect that Forrester Research, Inc. (NASDAQ:FORR) will announce $107.21 million in sales for the current fiscal quarter, according to Zacks. Two analysts have provided estimates for Forrester Research’s earnings. The highest sales estimate is $107.40 million and the lowest is $107.02 million. Forrester Research posted sales of $84.89 million in the same quarter last year, which would indicate a positive year over year growth rate of 26.3%. The firm is scheduled to report its next earnings report on Wednesday, October 23rd.

On average, analysts expect that Forrester Research will report full-year sales of $461.66 million for the current fiscal year, with estimates ranging from $461.62 million to $461.70 million. For the next fiscal year, analysts anticipate that the business will report sales of $493.00 million, with estimates ranging from $484.70 million to $501.30 million. Zacks’ sales averages are a mean average based on a survey of sell-side analysts that cover Forrester Research.

Forrester Research (NASDAQ:FORR) last posted its earnings results on Wednesday, July 31st. The technology company reported $0.08 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.04 by $0.04. Forrester Research had a negative return on equity of 1.65% and a negative net margin of 0.59%. The business had revenue of $128.18 million during the quarter, compared to the consensus estimate of $126.76 million.

Several equities research analysts have recently weighed in on the stock. ValuEngine lowered shares of Forrester Research from a “buy” rating to a “hold” rating in a report on Thursday, September 5th. Barrington Research reiterated a “hold” rating on shares of Forrester Research in a research note on Thursday, August 8th. Zacks Investment Research upgraded Forrester Research from a “hold” rating to a “buy” rating and set a $53.00 price target on the stock in a research report on Thursday, August 1st. TheStreet downgraded Forrester Research from an “a-” rating to a “c+” rating in a research report on Monday, June 3rd. Finally, Maxim Group reiterated a “buy” rating and issued a $59.00 price objective (down previously from $62.00) on shares of Forrester Research in a research report on Thursday, August 1st. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and three have given a buy rating to the company’s stock. Forrester Research has a consensus rating of “Hold” and a consensus price target of $55.67.

In other Forrester Research news, Director Neil Bradford bought 3,040 shares of the company’s stock in a transaction on Tuesday, August 20th. The stock was bought at an average price of $32.63 per share, for a total transaction of $99,195.20. Following the transaction, the director now owns 8,809 shares of the company’s stock, valued at approximately $287,437.67. The purchase was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director Gretchen Teichgraeber sold 1,000 shares of the stock in a transaction on Friday, June 14th. The shares were sold at an average price of $45.83, for a total value of $45,830.00. Following the completion of the transaction, the director now directly owns 17,701 shares in the company, valued at approximately $811,236.83. The disclosure for this sale can be found here. 43.40% of the stock is currently owned by company insiders.

Several hedge funds and other institutional investors have recently bought and sold shares of the company. BlackRock Inc. grew its stake in shares of Forrester Research by 2.7% in the second quarter. BlackRock Inc. now owns 1,638,798 shares of the technology company’s stock valued at $77,072,000 after buying an additional 42,795 shares in the last quarter. Vanguard Group Inc. lifted its position in shares of Forrester Research by 1.1% in the second quarter. Vanguard Group Inc. now owns 1,117,085 shares of the technology company’s stock valued at $52,536,000 after buying an additional 11,979 shares during the last quarter. Renaissance Technologies LLC boosted its stake in shares of Forrester Research by 5.3% during the 2nd quarter. Renaissance Technologies LLC now owns 839,018 shares of the technology company’s stock worth $39,459,000 after acquiring an additional 42,418 shares during the period. Dimensional Fund Advisors LP boosted its stake in shares of Forrester Research by 0.4% during the 4th quarter. Dimensional Fund Advisors LP now owns 777,645 shares of the technology company’s stock worth $34,761,000 after acquiring an additional 2,723 shares during the period. Finally, Northern Trust Corp boosted its stake in shares of Forrester Research by 0.9% during the 2nd quarter. Northern Trust Corp now owns 159,413 shares of the technology company’s stock worth $7,497,000 after acquiring an additional 1,451 shares during the period. Institutional investors own 56.01% of the company’s stock.

Shares of NASDAQ FORR traded up $1.06 during midday trading on Friday, reaching $35.75. 48,068 shares of the company traded hands, compared to its average volume of 56,184. Forrester Research has a 12 month low of $31.77 and a 12 month high of $51.75. The company has a debt-to-equity ratio of 1.31, a quick ratio of 0.64 and a current ratio of 0.64. The stock’s 50-day simple moving average is $37.49 and its 200-day simple moving average is $45.60. The firm has a market cap of $635.03 million, a PE ratio of 42.56 and a beta of 0.75.

Forrester Research Company Profile

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.

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