FORRESTER RESEARCH, INC. (FORR)
Industrials · Management Consulting & Research Services · NASDAQ
Forrester Research provides the data, research, and advisory services that help businesses navigate technology-led market changes and achieve customer-obsessed growth.
What FORRESTER RESEARCH, INC. does
Forrester Research is a global research and advisory firm that provides data, research, and consulting services to help business and technology leaders drive customer-obsessed growth. The company provides insights through research subscriptions, executive and peer programs, consulting projects, and professional events. Its offerings are designed to help organizations navigate market shifts and improve business performance through actionable analysis.
Themes: market research and advisory, customer-obsessed growth strategy, technology strategy consulting, business analytics
Fundamentals
- Price$11.70 as of 2026-08-26 close
- Market cap$223M as of 2026-08-26
- 1-year return+19.8% 2025-08-26 close $9.77 → 2026-08-26 close $11.70
- P/En/a negative earnings
- Net margin-13.7% as of 2026-08-27
- Gross margin+56.8% as of 2026-08-27
- ROE-39.2% as of 2026-08-27
- Debt / equity0.33 as of 2026-08-27
- Revenue growth (YoY)-7.1% as of 2026-08-27
- Revenue CAGR (3y)-9.6% SEC XBRL
- Beta0.99 as of 2026-08-27
- Last reported earnings2026-07-30 SEC EDGAR Form 8-K (Item 2.02)
Dividend: at least 5 years of non-decreasing per-share dividends (SEC XBRL) — we do not hold the year before it, so the real streak may be longer.
How FORR compares in its sector
- net profit marginbottom 10% 457 covered Industrials peers, as of 2026-08-27
- operating marginbottom 10% 457 covered Industrials peers, as of 2026-08-27
- gross margintop 25% 455 covered Industrials peers, as of 2026-08-27
- return on equitybottom 10% 460 covered Industrials peers, as of 2026-08-27
- 3-year revenue CAGRbottom 10% 426 covered Industrials peers
- free cash flow (absolute dollars, latest fiscal year)middle range 414 covered Industrials peers, as of FY2025
Position among covered Industrials companies that report each metric (minimum 5 peers). A relative position within our covered catalog — not a valuation, quality, or investment judgment. A higher percentile is simply a higher value (for P/E, more expensive on earnings — never "better"). Informational only.
Dividend coverage
Not assessed — last reported dividend predates the accounts. The most recent fiscal year in which FORR reported a dividend payment is FY2018, while its reported financial statements run through FY2025. Coverage is therefore not assessed for the latest year — an FY2018 ratio would not describe FORR today.
Coverage is derived from reported SEC EDGAR XBRL figures, comparing dividends paid against net income and free cash flow for the SAME fiscal year. It is not shown here because the latest fiscal year with a reported dividend payment (FY2018) is older than the latest year of reported financial statements (FY2025), so any ratio would describe an out-of-date year. Informational only — not financial advice.
How FORRESTER RESEARCH, INC. looks technically
FORRESTER RESEARCH, INC. (FORR) is trading 54.1% above its 200-day average, the long-term trend line — a longer-term uptrend. Its 50-day average crossed above its 200-day average about 32 trading days ago — a "golden cross", a bullish long-term signal. A strong uptrend is in place — ADX, a 0–100 trend-strength gauge, is 34, with buyers in control. Momentum is neutral — its 14-day RSI (a 0–100 momentum gauge) is 59, neither overbought (above 70) nor oversold (below 30). MACD, a trend-momentum gauge, turned bearish about 9 trading days ago (its momentum flipped negative). It made a new 20-day high about 2 trading days ago. It is 5.0% below its 52-week high (its highest price of the past year).
Trend
8
| Distance from the 200-day | it is trading 54.1% above its 200-day average, the long-term trend line — a longer-term uptrend | +54.1% |
|---|---|---|
| 50-day moving average | its average price over the last 50 trading days — a short-term trend line — is $10.01 | $10.01 |
| 200-day moving average | its average price over the last 200 trading days — the long-term trend line — is $7.59 | $7.59 |
| Swing structure | each recent peak has been higher than the one before it and each dip has been shallower — the pattern chart-watchers call an uptrend, which describes where price has already been and not where it goes next | higher highs and higher lows |
| Last swing turn | its last significant turn was a swing low 8 calendar days ago — the swings before that are what the structure reading is measured on | 8 sessions |
| Wave structure | its recent swings can be read as a five-part upward sequence — what Elliott-wave chartists call an impulse — now in leg 3 of five; the labelling fails if price closes below 11.0359. It is one of several labellings that fit, and it describes the swings already printed, not what comes next. The same swings also read as a three-part correction in leg C. | possible upward five-wave sequence, in wave 3 (one of several readings) |
| Since the 50/200 cross | its 50-day average crossed above its 200-day average about 32 trading days ago — a "golden cross", a bullish long-term signal | 32 sessions |
| Trend strength (14-day ADX) | a strong uptrend is in place — ADX, a 0–100 trend-strength gauge, is 34, with buyers in control | 33.8 |
Momentum
3
| 14-day RSI | momentum is neutral — its 14-day RSI (a 0–100 momentum gauge) is 59, neither overbought (above 70) nor oversold (below 30) | 58.9 |
|---|---|---|
| Position in its 14-day range | it is trading in the upper half of its 14-day range ($11.04 to $12.20) — its "stochastic" reading is 57 out of 100, where 0 would mean closing exactly at the 14-session low and 100 exactly at the high. This measures WHERE the price sits inside its recent range, which is a different question from the RSI beside it: RSI is a momentum gauge, measuring how FAST the price has been moving, so a stock can drift quietly to the bottom of its range with an ordinary RSI, or fall sharply and still sit in the middle. It has been slipping within that range over the last few sessions. | 57.1 |
| Since the MACD crossed zero | MACD, a trend-momentum gauge, turned bearish about 9 trading days ago (its momentum flipped negative) | 9 sessions |
Range
12
| 52-week high | its highest closing price over the past year (about 252 trading days) was $12.31 | $12.31 |
|---|---|---|
| From the 52-week high | it is 5.0% below its 52-week high (its highest price of the past year) | -5.0% |
| Above the 52-week low | it is 139.8% above its 52-week low (its lowest price of the past year) | +139.8% |
| Below the 52-week high | it is 5.0% below its highest point of the past year | 5.0% |
| Since a 20-day breakout | it made a new 20-day high about 2 trading days ago | 2 sessions |
| Since a 55-day breakout | it made a new 55-day high about 2 trading days ago | 2 sessions |
| All-time high | its highest closing price on record is $60.89 (set on 2021-11-23) | $60.89 |
| Given back of the 52-week move | over the past year its closes ranged ($5.05 to $12.03), and it has given back only a small part of its rise from last year’s low — 5% of it. Chart-watchers call 61.8%-65% given back the "golden pocket" — for this company that is $7.49 to $7.72. It is watched widely enough that orders cluster there, which is the honest reason it matters; it is not a forecast. | 4.7% |
| From the all-time high | it is 80.8% below its all-time high | -80.8% |
| Nearest price level | it is trading 1.4% above a support level at $11.54 — a price it turned at twice since 2025-08-01, most recently on 2025-09-18. Since 2024-08-26 it has 13 such levels below the current price and 3 above. Levels like these describe where the price has reversed or paused before; they are not a forecast of where it will go. | -1.4% |
| All-time low | its lowest closing price on record is $4.88 (set on 2026-04-10) | $4.88 |
| Above the all-time low | it is 139.8% above its all-time low | +139.8% |
Volatility
5
| Band width vs its own 6 months | day-to-day price swings are narrower than usual versus its own recent 6-month history (tighter than about 76% of it) | 24th percentile |
|---|---|---|
| Typical daily range | in a typical session it travels about $0.528 between its high and its low — about 4.5% of its price. That is its "average true range" over the last 14 sessions, which also counts the distance from the previous close, so a day that opens well away from yesterday counts as the large move it was | $0.528 |
| Bollinger bands (20-day, ±2σ) | most of its recent trading has stayed between about $10.61 and $12.51 — the "Bollinger bands", a range drawn two standard deviations either side of its 20-day average price, which widens when the stock gets more volatile and narrows when it settles | $10.61 – $11.56 – $12.51 |
| Typical daily range (% of price) | its price moves about 4.5% in a typical session — about typical for the companies we cover. This is the average gap between a session's high and low over the last 14 sessions, counting overnight moves, expressed against the current price so it can be compared with companies trading at any price | 4.5% |
| Stretch from the 200-day average | it is trading 7.8 daily ranges above its 200-day average price (54.1% above it in plain percentage terms) — a way of asking how far it has stretched from its own average in units of how far it normally moves in a day, so a calm company and a jumpy one can be compared on the same scale | 7.8 daily ranges above its 200-day average |
Volume
1
| Volume vs its 30-day average | trading volume is about normal versus its 30-day average | 0.63× |
|---|
Analyst
2
| Change in the average price target | analysts' average price target is unchanged from the prior reading | 0.0% |
|---|---|---|
| Change in the consensus rating | not available for this company yet | n/a |
Candlestick patterns
1
| Since a bearish engulfing | 8 sessions ago it opened above the previous session's close and finished below that session's open — a "bearish engulfing" pair, where one down day more than undid the up day before it | 8 sessions ago |
|---|
Price gaps
3
| Gap at the open | it opened on 2026-08-26 0.3% below the previous session's close — an overnight gap, the part of the move that happened while the market was shut, and traded back through that level before the close | -0.3% |
|---|---|---|
| Open gap | it gapped 10.3% above the previous close 18 sessions ago and has not traded back through the level it left behind at 9.74 — an "unfilled gap", which describes a price range no trade has since crossed and is not a forecast that it will be crossed | +10.3% |
| Gap filled | a 2.2% gap up opened on 2026-08-03 has been "filled" 17 sessions ago — price traded back through the level the gap left behind, and it closed again during the very session that opened it | 17 sessions ago |
Price streaks
1
| Closing streak | it closed lower in its latest session, after a session that did not close lower — a single down day rather than a run | 1 session down |
|---|
Relative strength
4
| vs market, 1 month | over the past 1 month this stock beat the market by 28.2 percentage points (the stock gained 31.9% while the market gained 3.7%) | +28.2% |
|---|---|---|
| vs market, 3 months | over the past 3 months this stock beat the market by 72.8 percentage points (the stock gained 74.9% while the market gained 2.1%) | +72.8% |
| vs market, 6 months | over the past 6 months this stock beat the market by 81.3 percentage points (the stock gained 92.4% while the market gained 11.1%) | +81.3% |
| vs market, 12 months | over the past 12 months this stock beat the market by 1.0 percentage points (the stock gained 19.8% while the market gained 18.7%) | +1.0% |
Signal agreement
2
| Bullish technical signals | 6 of the 9 technical signals we can compute for it are currently in a bullish state: a strong uptrend, with buyers in control, a "golden cross" — its 50-day average is above its 200-day, trading above its 200-day average, a fresh 20-day high, outperforming the market over 6 months, trading above the Ichimoku cloud — these describe past price behaviour, not a forecast | 6 of 9 |
|---|---|---|
| Bearish technical signals | 1 of the 9 technical signals we can compute for it is currently in a bearish state: MACD momentum is negative — these describe past price behaviour, not a forecast | 1 of 9 |
Trend (Ichimoku cloud)
1
| Vs the Ichimoku cloud | trading 23% above the Ichimoku cloud — a band drawn from where its own highs and lows sat up to 2026-07-21 and projected forward over today's price, the side traders read as an established uptrend, with the band below acting as the level that would have to give way. The band itself is thick, spanning 8.2% of the share price, which is taken to mean a barrier that has held for a while and takes effort to cross. | +23.0% |
|---|
Volume-weighted price
2
| Vs this year’s average price paid | the price is 54% above the average price paid so far this year, so the typical buyer over that stretch is showing a gain. That average is $7.61 — a volume-weighted average of daily closes over 160 sessions, not a true tick-by-tick VWAP. | +53.7% |
|---|---|---|
| Vs the average paid since it last reported | the price is 1% above the average price paid since it last reported on 2026-07-30 (its 8-K), so the typical buyer over that stretch is showing a gain. That average is $11.57 — a volume-weighted average of daily closes over 20 sessions, not a true tick-by-tick VWAP. | +1.2% |
Price levels it has turned at before
FORR last closed at $11.70 on 2026-08-26. Since 2024-08-26 it has turned at 13 prices below its last close and 3 above; the 3 nearest below and the 3 nearest above are listed, nearest first.
| Level | Side | Distance | Evidence |
|---|---|---|---|
| $11.54 | Support | 1.4% below the last close | turned there twice · 2025-08-01 to 2025-09-18 |
| $11.30 | Support | 3.4% below the last close | turned there three times · 2025-06-11 to 2026-07-16 |
| $11.04 | Support | 5.6% below the last close | turned there four times · 2025-05-15 to 2026-08-18 |
| $15.80 | Resistance | 35.0% above the last close | turned there twice · 2024-10-07 to 2025-01-29 |
| $16.63 | Resistance | 42.2% above the last close | turned there twice · 2024-10-17 to 2024-12-04 |
| $17.57 | Resistance | 50.2% above the last close | turned there four times · 2024-09-06 to 2024-12-09 |
A level is a price this company reversed or paused at more than once — they describe past behaviour, not a forecast of where the price will go.
Wave structure
Its recent swings can be read as a five-part upward sequence — what Elliott-wave chartists call an impulse — now in leg 3 of five.
This labelling fails — stops being a possible reading at all — if it closes below $11.04.
This is one of several labellings that fit the same swings, so treat it as a reading rather than the reading. It was chosen from 2 labellings that survived the rules, counting shorter readings of the same bars.
On past moves of this shape the leg has usually ended somewhere between $14.63 and $16.84 — that is where it has tended to end if the count holds, not a forecast of where the price goes.
Alternate reading: The same swings also read as a three-part correction in leg C, which fails on a close below $11.04.
This reading has stood for 1 trading day, since 2026-08-26.
Read from daily closes as of 2026-08-26.
An Elliott-wave count describes the swings already printed and the level that would disprove it. It is not a forecast, a target, or advice.
Screens: Trading above the 200-day moving average · Broke out to a new 20-day high · in a strong, established uptrend (ADX) · beating the market · Stretched far above its 200-day average (6+ daily ranges) · Trading above the Ichimoku cloud | Learn: moving average · golden cross · adx · rsi · macd · breakout · fifty two week high low
Based on daily closing prices as of 2026-08-26. Describes past price behavior only — informational, not financial advice.
Analyst consensus
- Mean price target$12.00 range $12.00 – $12.00
Analyst estimates, as of 2026-08-21. These are third-party analyst opinions and price targets, aggregated — not a recommendation, prediction, or advice from stocks-llm. Informational only.
Analyst EPS estimate for FORR
- Consensus EPS estimate$0.205 next reporting period, as of 2026-08-21
Change over time is not available yet: it needs two readings of the same reporting period at least 30 days apart, and we have been recording these estimates since 2026-08-04. An estimate for a DIFFERENT quarter is not a revision, so a reading from before the last report is never compared with one after it.
The consensus estimate for the next reporting period, and how it has moved between readings of that SAME period. A change is measured only between readings estimating one period — when a company reports, the consensus moves to the next quarter and the two numbers are not comparable. Informational only, not a forecast and not advice.
Key risks (from latest filing)
["Substantial reliance on recurring research subscription revenue, which may be impacted by economic downturns or client budget cuts.","Potential for goodwill impairment charges and volatile operating performance.","Highly competitive industry with pressure to differentiate research and advisory services."]
What changed in the latest 10-Q
AI-assisted comparison of FORR's 10-Q filed 2026-05-08 against the prior one filed 2025-11-10.
Management's Discussion & Analysis (MD&A)
- Added:
- Added reference to 'future tax rates' in forward-looking statements (filed 2026-05-08)
- Added reference to 'future remittance of unremitted earnings' in forward-looking statements (filed 2026-05-08)
- Added reference to 'planned renovations of our Cambridge, Massachusetts office space' in forward-looking statements (filed 2026-05-08)
- Added reference to 'any future impairment charges we may incur' (plural) in forward-looking statements (filed 2026-05-08)
- Removed:
- Removed reference to 'migration of our clients into our Forrester Decisions products' from forward-looking statements (filed 2025-11-10)
- Removed reference to 'anticipated capital expenditures in connection with the lease for our principal headquarters and related tenant improvement allowance' (filed 2025-11-10)
- Reworded:
- Changed reference from 'Annual Report on Form 10-K for the year ended December 31, 2024' to 'December 31, 2025' (filed 2026-05-08)
- Changed research revenue comparison period from 'nine months ended September 30, 2024 to approximately 74% for the nine months ended September 30, 2025' to 'three months ended March 31, 2025 to approximately 78% for the three months ended March 31, 2026' (filed 2026-05-08)
- Changed foreign currency recast reference from 'planned 2025 foreign currency rates' to 'planned 2026 foreign currency rates' (filed 2026-05-08)
- Changed historical recast metrics reference from 'nine months ended September 30, 2024' and 'third quarter of 2023' to 'three months ended March 31, 2025' and 'first quarter of 2024' (filed 2026-05-08)
- Removed phrase 'In addition, the recast metrics reflect the correction of an insignificant error' from the discussion of recast metrics (filed 2025-11-10)
- Notes:
- Older filing text appears truncated at the end of the 'Client retention' definition; comparison is based on available text
- Changes reflect update of fiscal periods and reference years consistent with newer filing date (2026-05-08 vs 2025-11-10)
Risk Factors
- Added:
- Current portion of long-term debt of $0 as of March 31, 2026 and $35,000 as of December 31, 2025 (newer filing, filed 2026-05-08)
- Long-term debt of $35,000 as of March 31, 2026 and $0 as of December 31, 2025 (newer filing, filed 2026-05-08)
- Non-cash transaction: Additions to property and equipment included in accounts payable and accrued expenses of $6,469 for three months ended March 31, 2026 (newer filing, filed 2026-05-08)
- Proceeds from borrowings of $21,000 in three months ended March 31, 2026 (newer filing, filed 2026-05-08)
- Payments on borrowings of $21,000 in three months ended March 31, 2026 (newer filing, filed 2026-05-08)
- Payment of debt issuance costs of $132 in three months ended March 31, 2026 (newer filing, filed 2026-05-08)
- Removed:
- Current portion of long-term debt of $35,000 as of December 31, 2025 (older filing, filed 2025-11-10) — moved to long-term in newer filing
- Loss on sale of divested operation line item in operating expenses section (older filing, filed 2025-11-10)
- Impairment of property and equipment adjustment in cash flow statement (older filing, filed 2025-11-10)
- Repurchases of common stock financing activity of $2,407 thousand for nine months ended September 30, 2025 (older filing, filed 2025-11-10)
- Reworded:
- Balance sheet comparison dates changed from September 30, 2025 and December 31, 2024 (older) to March 31, 2026 and December 31, 2025 (newer)
- Statement of operations changed from three months and nine months ended September 30 comparisons (older) to three months ended March 31 comparison only (newer)
- Cash flow statement changed from nine months ended September 30 comparison (older) to three months ended March 31 comparison (newer)
- Notes:
- The comparison is between two different interim periods: Q3 2025 (filed Nov 10, 2025) versus Q1 2026 (filed May 8, 2026), making direct line-item comparisons limited
- The older filing presents nine-month data while the newer filing presents three-month data, affecting the scope and magnitude of reported figures
- Both filings are interim unaudited financial statements with different reporting periods and comparison years
AI-assisted comparison of two SEC filing sections. It describes wording and theme changes only, makes no materiality, legal, or investment judgement, and is not financial advice. Informational only — not financial advice.
Insider activity (SEC Form 4)
No open-market insider purchases or sales are on record for FORR — recent Form 4 activity was compensation-related (awards, option exercises, or tax withholding), not open-market buying or selling.
View full insider trading history → View SEC Form 3/4/5 filingsOnly open-market purchases (SEC code P) and sales (code S) are counted here. Option exercises, vesting/awards, gifts, and shares withheld for taxes are excluded — they are compensation or mechanical, not open-market conviction. Sales may be planned and non-discretionary (e.g. a Rule 10b5-1 plan) and are not necessarily bearish; open-market buying is not a recommendation to buy. Informational only — not financial advice.
Institutional ownership (13F)
4 institutional 13F filers reported holding FORR as of 2026-03-31 (quarter-end position, filed within 45 days).
- Distinct 13F filers 4
- Reported shares held 1,610,422
- Reported value $9,114,988
reported quarterly holdings change (2025-12-31 → 2026-03-31): 0 new, 2 increased, 2 decreased, 1 exited. Change counts cover only managers that filed 13F reports in BOTH quarters, derived between two quarter-end snapshots — not same-day trades; a single manager is never said to have "bought" or "sold".
Institutional holdings are quarter-end long positions reported on SEC Form 13F-HR, filed up to 45 days after the quarter ends — they are delayed, are not real-time trades, exclude short positions and most non-US securities, and are not investment advice. Any increase/decrease is a reported change between two quarterly snapshots, not a same-day purchase or sale. These are quarter-end snapshots from the 13F filings on SEC EDGAR, filed within 45 days — not real-time, and any change is a difference between two quarterly reports, not a same-day trade. Informational only — not financial advice.
Short interest (FINRA)
FORR had 586,146 shares of reported short interest as of the 2026-07-31 FINRA settlement date (delayed, bi-monthly; not real-time).
FORR had 3.08% of its shares outstanding sold short as of the 2026-07-31 FINRA settlement date (percent of FLOAT would be higher — float is not disclosed in the source). FINRA reported 4.71 days to cover at the same settlement.
- Reported short interest (shares) 586,146
- Short interest (% of shares outstanding) 3.08%
- Prior settlement (shares) 647,138
- Reported change -9.42%
- Days to cover (reported) 4.71
Reported to FINRA as of the 2026-07-31 settlement date. Short interest is reported to FINRA and published on a delayed, bi-monthly schedule (as of a settlement date, disseminated roughly eight business days later) — it is NOT real-time, does not cover every venue or all US trading, and is not a short-squeeze prediction or investment advice. Days-to-cover is the value FINRA reports; percent of float is not shown because the source file carries no share-count denominator — where a percent appears it is of shares OUTSTANDING, the larger base, and is therefore a floor on percent of float. Informational only — not financial advice.
Competitors & peers
- Gartner (IT)
- IDC (International Data Corporation)
- Kantar
- McKinsey & Company
- Bain & Company
- Boston Consulting Group
AI-enriched competitor set. Linked names are companies covered by stocks-llm; other named peers are shown for reference only.
Compare FORR vs…
Frequently asked questions
What does FORRESTER RESEARCH, INC. (FORR) do?
Forrester Research is a global research and advisory firm that provides data, research, and consulting services to help business and technology leaders drive customer-obsessed growth. The company provides insights through research subscriptions, executive and peer programs, consulting projects, and professional events. Its offerings are designed to help organizations navigate market shifts and improve business performance through actionable analysis.
What sector is FORRESTER RESEARCH, INC. (FORR) in?
FORRESTER RESEARCH, INC. (FORR) is classified in the Industrials sector. Its industry is Management Consulting & Research Services. It trades on NASDAQ.
Who are FORRESTER RESEARCH, INC.'s (FORR) competitors?
Notable peers of FORRESTER RESEARCH, INC. (FORR) include Gartner, IDC (International Data Corporation), Kantar, McKinsey & Company and Bain & Company. This peer set is informational only — not financial advice.
Is FORRESTER RESEARCH, INC. (FORR) overbought or oversold right now?
FORRESTER RESEARCH, INC. (FORR) is currently neither overbought nor oversold — its 14-day RSI (a 0–100 momentum gauge) is 59, in the neutral middle (as of 2026-08-26). RSI describes recent price momentum, not a forecast — informational only, not financial advice.
Where does stocks-llm's data on FORR come from?
Fundamentals and prices come from market data, as of 2026-08-27; company filings and profile facts come from SEC EDGAR. All figures are delayed daily-close data shown with their as-of date — informational only, not financial advice.
Fundamentals: market data, as of 2026-08-27. Filings: SEC EDGAR. Prices are delayed daily-close data.
Last updated 2026-08-26.
Informational only — NOT financial advice. All figures are delayed daily-close data from SEC EDGAR & market data, shown with their as-of date.