Forrester Research Inc(FORR)
Stock quote, options chain, IV rank, technicals, AI analysis, and institutional ownership.
Market data may be delayed, incomplete, or inaccurate. Not a recommendation to buy, sell, or hold any security. Verify quotes with your broker before trading. See Terms §17.
Snapshot
$7.01
- 52-Week Range
- $4.88 – $11.57
- YTD
- -13.99%
- IV Rank (30D)
- 0.22
- Straddle Price
- $1.90
- Market Cap
- $0.1B
Fair Value
-5.9% vs price
A blended fair-value estimate combining up to six valuation methods. Each method is weighted by how well it fits the company — DCF down-weights for unprofitable names; DDM only fires for steady dividend payers; comparables down-weight when peer multiples disagree.
- DCF (quality-aware) — projects free cash flow with a horizon that scales to business quality. True compounders (quality 6/6) get 10 years explicit + 10 years fade before terminal; cyclical/struggling names (quality 0-1) get a 5-year terminal cliff. Quality is scored from ROE, gross margin, growth, FCF margin, debt load, and FCF consistency — the same factors that drive market premium for compounders.
- Market-Implied Growth (in Model Inputs) — reverse-DCF that answers "what growth rate is the market pricing in?". Lets you sanity-check the deviation: if implied growth is plausible for the business, the model's bearish flag may be wrong; if implausible, the market may be over-extrapolating.
- DDM (Gordon Growth Dividend Model) — values the stream of future dividends. Only used when trailing yield ≥ 0.5% and dividend payments are stable.
- P/E, EV/EBITDA, P/B, P/S — applies the peer-group median multiple to this company's per-share metric. Peers come from the same set as the "Related symbols" card. Earnings/sales metrics are forward-tilted by the company's recent revenue growth (capped at 25%) so they're comparable to peers' growth-embedded multiples — mimics how analysts use NTM rather than TTM. Per-multiple weights are biased by company quality (e.g. P/B down-weighted for asset-light tech).
- Market Anchor (SMA50) — the 50-day moving average, weighted by recent trading-range stability (tighter Bollinger bands → higher weight). Captures information fundamentals miss (forward consensus, sentiment, supply/demand) — but only when recent trading is steady enough that the market has converged on a view. During wild breakouts or breakdowns the anchor's weight collapses.
- Options Expected (B-L 30d) — the risk-neutral expected stock price at 30-day options expiration, derived from the full implied-volatility surface via Breeden-Litzenberger (second derivative of call price wrt strike → implied PDF, then E[S_T]). Forward-looking, captures all options-implied information (smile, skew, term structure) in one number. Weighted by chain liquidity. SP500-only at present (pre-computed daily). Backtest evidence: adds modest alpha across most bucket × holding combos.
- Blended value — weighted average. Confidence reflects how many methods fired and how tight peer dispersion is.
- Deviation pill — green when blended FV ≥ 10% above current price (undervalued); red when ≥ 10% below; grey otherwise.
| 10-yr Treasury (rf) | 4.53% |
| Beta vs SPY | 1.00 |
| Cost of Equity (CAPM) | 10.03% (VRP-adj) |
| WACC | 8.90% |
| Volatility Risk Premium | +35.3pp (IV − HV30), ERP adj +50bps |
| Effective Tax Rate | 21.0% |
| Rev. Growth (YoY, DCF input) | -10.0% |
| DCF Horizon | 10 years explicit + fade |
| Free Cash Flow (TTM) | $0.0B |
| Return on Equity (TTM) | -50.8% |
| Book / Price | 81.8% — banking bias active (P/B is primary) |
| Gross Margin (TTM) | 56.7% |
| FCF Margin (TTM) | 2.9% |
| Debt / Equity | 0.33 |
| Quality Score | 2/6 — normal (10y DCF) |
| Market-Implied Growth | -9.2% (reverse-DCF on current price) |
| SMA 50 | $6.33 (Market Anchor value) |
| SMA 20 / Bollinger Mid | $6.85 |
| Bollinger Width / SMA20 | 155.8% (drives anchor stability) |
| Net Debt | $-0.0B |
| Market Cap | $0B |
Blended Fair Value
$6.58
Current Price
$6.99
Deviation
-5.9%
| Method | Implied Price | Weight | Detail |
|---|---|---|---|
| DCF | $6.58 | 100% | |
| DDM (Gordon) | n/a | 0% | |
| Peer P/E | n/a | 0% | |
| Peer EV/EBITDA | n/a | 0% | |
| Peer P/B | n/a | 0% | |
| Peer P/S | n/a | 0% | |
| Market Anchor (SMA50) | $6.33 | 0% | stability 0% (BB-width) |
| Options Expected (B-L 30d) | n/a | 0% |
As of 2026-06-12 · updated 2026-06-12 20:59:55.687000
Info
- Industry (SIC)
- SERVICES-ENGINEERING, ACCOUNTING, RESEARCH, MANAGEMENT (8700)
- Exchange
- XNAS
- Market Cap
- $0.1B
Forrester Research Inc provides independent research, data, and advisory services. It operates through the following segments: The Research segment develops and delivers research, connect, and analytics products; The consulting segment includes the revenues and the related costs of the company's consulting organization, and the Events segment is engaged in developing and hosting in-person and virtual events.
Price History
Seasonality
| Month | Avg Return | Years of Data |
|---|---|---|
| Jan | -2.10% | 6 |
| Feb | -12.77% | 6 |
| Mar | -0.65% | 6 |
| Apr | +1.05% | 6 |
| May | +0.88% | 6 |
| Jun | -1.71% | 6 |
| Jul | +7.19% | 5 |
| Aug | -0.81% | 5 |
| Sep | -1.42% | 5 |
| Oct | -7.15% | 5 |
| Nov | +3.27% | 5 |
| Dec | +2.61% | 5 |
Technical Indicators
Quick-reference for reading the values below. Indicators combine to confirm a view — no single one is a trade signal on its own.
Trend Indicators
- SMA 20 / 50 / 200 — price above = uptrend, below = downtrend. SMA 50 crossing SMA 200 is the golden/death cross.
- EMA 12 / 26 — faster-reacting averages; 12 above 26 is short-term bullish.
- MACD — bullish when MACD > signal (green badge), bearish when below. Divergence from price often precedes reversals.
- ADX (14) — trend strength regardless of direction. <20 range, 20–25 weak trend, 25–50 trend, >50 strong trend.
- +DI / −DI — +DI > −DI favors bulls; the reverse favors bears. Read alongside ADX.
Momentum Oscillators
- RSI (14) — <30 oversold, >70 overbought. 40–60 is neutral; trending names can stay extreme.
- Stochastic %K / %D — <20 oversold, >80 overbought. %K crossing %D is an early momentum signal.
- Williams %R — inverted scale: <−80 oversold, >−20 overbought.
Oscillators work best in range-bound markets; in strong trends they give premature reversal signals.
Volume & Volatility
- Bollinger Bands — price at upper band = overbought, lower = oversold. Narrow bands (squeeze) often precede expansion.
- OBV — cumulative volume; rising OBV confirms uptrend, falling OBV confirms downtrend. Divergence from price is a warning.
- Vol SMA 20 / Vol ROC — today's volume vs. 20-day average. Positive ROC with price move = conviction.
- ATR / True Range — average daily $ move; sizing and stop-loss reference.
- HV 20 / 30 / 60 — realized (historical) volatility. Compare to IV on the options cards: IV > HV = rich premium.
Confluence matters: trend + momentum + volume agreeing carries far more weight than any single indicator. For how these feed the spread scanner score, see the algorithm docs →
Trend Indicators
SMA 20: $6.88
SMA 50: $6.36
SMA 200: $7.44
Current: $6.99
EMA 12: $6.88
EMA 26: $6.75
MACD: 0.1301 | Signal: -0.0399
BULLISH
ADX (14): 24.54
WEAK TREND
+DI: 22.36
−DI: 14.69
Momentum Oscillators
RSI (14): 57.38
NEUTRAL
Stoch %K: 38.66
Stoch %D: 40.47
Williams %R: -50.28
Volume & Volatility
BB Upper: $7.20
BB Lower: $6.56
NEUTRAL
OBV: 1,735,345
Vol SMA 20: 76,964
Vol ROC: -17.50%
ATR: $0.37
True Range: $0.39
HV 20: 32.6%
HV 30: 41.5%
HV 60: 43.8%
Data Summary
Data Points: 500
Last Updated: 2026-06-13T13:41:16.360000
Date Range: 2024-06-14T00:00:00 – 2026-06-12T00:00:00
AI Analysis
Choose Frenzy-Fast™ for quick analysis or Frenzy-Pro™ for comprehensive analysis.
Analysis includes technical indicators, news sentiment, risk assessment, and specific price levels to watch.
News
Earnings History
8 of 8 under expected move
| Earnings Date | Timing | Expected Move | Actual Move | Ratio | Outcome |
|---|---|---|---|---|---|
| 2024-07-30 | After-Close | 27.03% | 9.14% | 0.34x | Within |
| 2024-11-05 | After-Close | 19.89% | 6.95% | 0.35x | Within |
| 2025-02-11 | Pre-Market | 14.61% | 3.65% | 0.25x | Within |
| 2025-05-06 | After-Close | 32.65% | 3.91% | 0.12x | Within |
| 2025-07-31 | After-Close | 35.42% | 12.32% | 0.35x | Within |
| 2025-10-30 | Pre-Market | 26.35% | 4.19% | 0.16x | Within |
| 2026-02-12 | After-Close | 24.64% | 11.29% | 0.46x | Within |
| 2026-05-06 | After-Close | 35.30% | 7.22% | 0.20x | Within |
Options Activity
- IV Rank (30D)
- 0.22
- IV Rank (7D)
- 82.05
- Avg IV
- 63.7%
- Straddle (30D)
- $1.90
- Straddle (7D)
- $0.77
Spread Scanner GPU
Each spread is ranked by a composite score built in three stages. Full documentation →
Stage 1 — Base Score (GPU scanner)
score = P(profit) × (credit / spread_width)
P(profit) from short leg delta (1 − |delta|), penalised above 85%. Credit uses mid-price to handle illiquid chains fairly.
Stage 2 — Skew Adjustment (±25% cap)
RR25 and BF25 from the live options chain. Put skew boosts bull puts, penalises bear calls. High butterfly boosts iron condors. Calendars are skew-neutral.
Stage 3 — Technical Overlay (±50% cap, 5 groups)
Group 1 · Directional Bias (±0.25)
- RSI <40 bullish / >60 bearish
- MACD crossover + histogram trend
- Price vs SMA 50 & SMA 200
Group 2 · Momentum (±0.10)
- Stochastic %K <20 / >80
- Williams %R <−80 / >−20
Group 3 · Volatility (up to −0.25 / +0.15)
- Blended ATR + straddle expected-move penalty
- Bollinger Band signal (+ counter-trend penalty)
- BB width — vol contraction boost for ICs
Group 4 · IV Regime (±0.15)
- IV rank ≥ 75 → strong boost for credit spreads
- IV rank < 25 → penalty (selling cheap vol)
Group 5 · Liquidity (penalty up to −0.10)
- Min open interest across all legs
- OI < 100 → −0.10 · OI < 500 → −0.05
score = base_score × skew_multiplier × tech_multiplier
Both multipliers are shown per spread. Beta is informational only — ATR already captures realized vol. Full algorithm documentation →
Enter a ticker to scan for optimal spread opportunities.
Evaluates all bull put, bear call, iron condor, and calendar spread combinations using GPU-accelerated analysis.
Volatility Surface
Enter a ticker to render the implied volatility surface.
IV Rank (7 DTE)
IV Rank (30 DTE)
Straddle Price (30 DTE)
Beta Analysis
- Beta (1Y vs SPY)
- 0.57
- Correlation (SPY)
- 13.7%
- R²
- 0.02
- Ann. Volatility
- 51.6%
- SPY Volatility
- 12.3%
Low volatility - stock moves less than market
Beta & Alpha Over Time
Institutional Ownership (13F)
Latest filings — 2026-03-31
? 13F Guide
Diluted shares outstanding: 19,091,500 (as of 2026-03-31)
Institutional managers with $100M+ AUM file Form 13F-HR quarterly, due 45 days after quarter end. Holdings are reported gross at quarter-end market value — they are a snapshot, not a real-time position.
- Shares — long equity positions in this name, aggregated across share classes.
- Calls / Puts — notional value of long call / put exposure where this ticker is the underlying.
- % of Float — holder's reported shares divided by the latest diluted shares outstanding. Sums above 100% indicate large custodian / prime broker positions where the same shares are reported by multiple filers.
- Custodian badge — filers with more than 5,000 holdings are typically broker-dealers / custodians reporting customer-held shares, not active managers.
Each filer is counted once at its latest 13F-HR filing. New filings are ingested on a weekly cadence.
| # | Filer | Notional Value | % of Total | Period |
|---|
2 filers$3.79M notional
| # | Filer | Notional Value | % of Total | Period |
|---|---|---|---|---|
| 1 | SIMPLEX TRADING, LLC Custodian | $1.98M | 52.25% | 2026-03-31 |
| 2 | Clear Street Group Inc. | $1.81M | 47.75% | 2026-03-31 |
Insider Activity
Latest: 2026-06-02
Form 4 filings — insider beneficial-ownership changes by officers, directors, and 10%+ holders. Filed within 2 business days of transaction.
| Filed | Reporter | Role | Action | Shares | Avg Price | Net $ | Link |
|---|---|---|---|---|---|---|---|
| 2026-06-02 | NEIL BRADFORD | Director | Tax (F) | −198 | $7.22 | -$1.4K | EDGAR |
| 2026-06-02 | Andrew Cox | Chief Marketing Officer | Mixed | +2,696 | $7.22 | -$11.3K | EDGAR |
| 2026-06-02 | Jobina Gonsalves | Chief People Officer | Mixed | +3,472 | $7.22 | -$10.4K | EDGAR |
| 2026-05-13 | NEIL BRADFORD | Director | Award (A) | +8,000 | — | EDGAR | |
| 2026-05-13 | Cory Munchbach | Director | Award (A) | +8,000 | — | EDGAR | |
| 2026-05-13 | Warren N Romine | Director | Award (A) | +8,000 | — | EDGAR | |
| 2026-05-13 | Robert Paul Bennett | Director | Award (A) | +8,000 | — | EDGAR | |
| 2026-05-13 | Anthony J Friscia | Director | Award (A) | +8,000 | — | EDGAR | |
| 2026-04-29 | Christophe Favre | Chief Sales Officer | Mixed | +1,645 | $5.39 | -$8.3K | EDGAR |
| 2026-04-17 | Scott Chouinard | Chief Accounting Officer | Grant (A) | +6,800 RSU | — | EDGAR | |
| 2026-04-02 | Jobina Gonsalves | Chief People Officer | Mixed | +3,268 | $5.39 | -$9.3K | EDGAR |
| 2026-04-02 | Michael Facemire | Chief Technology Officer | Mixed | +3,139 | $5.39 | -$15.4K | EDGAR |
| 2026-04-02 | Leo Christian Finn | Chief Financial Officer | Mixed | +10,128 | $5.39 | -$22.7K | EDGAR |
| 2026-04-02 | Carrie Johnson | Chief Product Officer | Mixed | +8,982 | $5.39 | -$28.9K | EDGAR |
| 2026-04-02 | Sharyn Leaver | Chief Research Officer | Mixed | +7,495 | $5.39 | -$15.9K | EDGAR |
Codes: P = open-market purchase · S = open-market sale · A = grant/award · M = option exercise · F = tax withholding at vest · G = bona-fide gift · D = disposition to issuer · J = other (described in filing footnote — typically 401(k), trust, inheritance) · W = will/inheritance. Only P / S codes carry directional signal.
Insider Holdings
48 insiders · @ $6.99
Officers, directors, and 10%+ owners ranked by current disclosed exposure (shares × today's price). Shares are direct + indirect (via trusts / LLCs / spouse). Excludes unvested RSU and option grants — those aren't beneficially owned until vest.
| # | Insider | Role | Shares | Disclosed Exposure | Lifetime OM Net | Filings | Last Filed |
|---|---|---|---|---|---|---|---|
| 1 | GEORGE F COLONY | Chairman and CEO | 6,832,831 | $47.76M | $0 | 6 | 2024-06-13 |
| 2 | MICHAEL A DOYLE | Chief Financial Officer | 48,329 | $337.8K | -$4.12M | 35 | 2020-12-16 |
| 3 | NEIL BRADFORD | Director | 45,602 | $318.8K | $303.6K | 38 | 2026-06-02 |
| 4 | Anthony J Friscia | Director | 41,938 | $293.1K | -$47.3K | 10 | 2026-05-13 |
| 5 | Leo Christian Finn | Chief Financial Officer | 41,476 | $289.9K | $0 | 13 | 2026-04-02 |
| 6 | Carrie Johnson | Chief Product Officer | 40,409 | $282.5K | -$1.06M | 35 | 2026-04-02 |
| 7 | Kelley Hippler | Chief Sales Officer | 36,596 | $255.8K | -$1.10M | 15 | 2022-08-12 |
| 8 | Ryan Darrah | Chief Legal Officer | 32,244 | $225.4K | -$411.8K | 28 | 2026-04-02 |
| 9 | Sharyn Leaver | Chief Research Officer | 31,760 | $222.0K | $0 | 12 | 2026-04-02 |
| 10 | Robert Galford | Director | 29,859 | $208.7K | -$5.73M | 53 | 2024-06-04 |
| 11 | Warren N Romine | Director | 29,702 | $207.6K | $0 | 6 | 2026-05-13 |
| 12 | Robert Paul Bennett | Director | 27,305 | $190.9K | $0 | 4 | 2026-05-13 |
| 13 | Yvonne Wassenaar | Director | 26,423 | $184.7K | -$60.0K | 9 | 2024-06-04 |
| 14 | Cliff Condon | Chief Research Officer | 23,892 | $167.0K | -$707.6K | 21 | 2018-09-04 |
| 15 | Cory Munchbach | Director | 22,737 | $158.9K | $0 | 3 | 2026-05-13 |
| 16 | Steven P. Peltzman | CBTO | 22,446 | $156.9K | -$3.39M | 37 | 2024-08-05 |
| 17 | Mack Brothers | Chief Product Officer | 21,917 | $153.2K | $0 | 7 | 2019-08-05 |
| 18 | Lucia Luce Quinn | Chief People Officer | 21,814 | $152.5K | $0 | 11 | 2018-08-06 |
| 19 | David Boyce | Director | 20,362 | $142.3K | -$366.8K | 20 | 2024-06-04 |
| 20 | MICHAEL WELLES | Director | 20,097 | $140.5K | -$5.91M | 37 | 2017-09-05 |
| 21 | Henk Broeders | Director | 20,009 | $139.9K | -$4.03M | 24 | 2017-09-05 |
| 22 | Scott Chouinard | Chief Accounting Officer | 18,747 | $131.0K | -$1.63M | 57 | 2026-04-17 |
| 23 | Gretchen Teichgraeber | Director | 18,717 | $130.8K | -$3.73M | 70 | 2023-06-02 |
| 24 | Michael Kasparian | Chief Information Officer | 17,843 | $124.7K | $0 | 15 | 2024-06-03 |
| 25 | Jean Birch | Director | 14,538 | $101.6K | $0 | 6 | 2022-06-03 |
| 26 | Shirley Macbeth | Chief Marketing Officer | 14,464 | $101.1K | $0 | 12 | 2024-08-05 |
| 27 | Victor Milligan | Chief Marketing Officer | 14,297 | $99.9K | $0 | 6 | 2019-08-05 |
| 28 | Christophe Favre | Chief Sales Officer | 13,738 | $96.0K | $0 | 2 | 2026-04-29 |
| 29 | Nathaniel Swan | Chief Sales Officer | 12,350 | $86.3K | $0 | 6 | 2025-04-03 |
| 30 | Jobina Gonsalves | Chief People Officer | 10,230 | $71.5K | $0 | 5 | 2026-06-02 |
| 31 | Andrew Cox | Chief Marketing Officer | 7,041 | $49.2K | $0 | 5 | 2026-06-02 |
| 32 | Michael Facemire | Chief Technology Officer | 6,606 | $46.2K | -$13.5K | 8 | 2026-04-02 |
| 33 | GAIL MANN | Chief Legal Officer | 6,136 | $42.9K | -$2.57M | 30 | 2016-12-01 |
| 34 | Sherri Kottmann | Chief People Officer | 5,770 | $40.3K | -$23.1K | 8 | 2021-08-04 |
| 35 | Thomas R. Pohlmann | Officer | 5,706 | $39.9K | -$730.4K | 11 | 2013-06-04 |
| 36 | Alicia Lee | Chief Consulting Officer | 5,407 | $37.8K | -$108.8K | 4 | 2022-12-16 |
| 37 | Michael Morhardt | Chief Sales Officer | 5,176 | $36.2K | -$111.5K | 8 | 2017-06-08 |
| 38 | BRIAN KARDON | Chief Marketing Officer | 3,714 | $26.0K | -$270.0K | 2 | 2007-12-06 |
| 39 | Dennis van Lingen | President, EMEA | 3,383 | $23.6K | -$2.87M | 18 | 2015-08-04 |
| 40 | Elizabeth A Lemons | Chief People Officer | 2,282 | $16.0K | -$788.5K | 9 | 2012-05-16 |
| 41 | Charles Rutstein | Chief Operating Officer | 2,125 | $14.9K | -$3.38M | 15 | 2012-09-13 |
| 42 | Sarah Le Roy | Chief People Officer | 1,603 | $11.2K | $0 | 3 | 2023-05-02 |
| 43 | Julie H Meringer | Managing Director, IT | 1,300 | $9.1K | -$3.09M | 12 | 2010-12-07 |
| 44 | Mark R Nemec | Managing Director, Tech. Ind. | 1,250 | $8.7K | -$983.3K | 13 | 2011-07-06 |
| 45 | GEORGE HORNIG | Director | 761 | $5.3K | -$4.12M | 31 | 2018-05-08 |
| 46 | Ellen Daley | Managing Director, Tech. Ind. | 656 | $4.6K | -$283.5K | 6 | 2013-06-04 |
| 47 | Gregory Nelson | Chief Sales Officer | 641 | $4.5K | $0 | 5 | 2012-05-16 |
| 48 | Dwight Griesman | Chief Marketing Officer | 264 | $1.8K | -$488.4K | 7 | 2012-02-16 |
Lifetime OM Net = signed sum of open-market buys (P) and sells (S) over their career; excludes grants, tax withholdings, and dispositions to issuer. A large negative number is normal for long-tenured executives — they've sold compensation grants over many years.
ETF Holders
| # | ETF | Provider | Weight | $ Exposure | ETF AUM | As Of |
|---|
Fundamentals
Quarterly filings sourced from SEC 10-Q / 10-K reports. TTM tiles aggregate the most recent four quarters; bars show the last ~12 quarters oldest → newest.
Metrics
- Revenue — top-line sales. Look for consistent YoY growth; seasonal businesses need same-quarter comparisons (Q4 '24 vs Q4 '23).
- Net Income — bottom-line profit after all expenses. Can be volatile from one-time items; red bars = net loss.
- Diluted EPS — net income per share assuming options/converts are exercised. Direct input to the P/E ratio.
- Operating Cash Flow — cash generated from core operations, before capex and financing. Harder to manipulate than net income; growing OCF is a quality signal.
How to read the bars
- Sequential growth — quarter-over-quarter trend. Accelerating bars are a momentum signal.
- YoY growth — compare to the same quarter a year earlier to remove seasonality.
- Quality — OCF should roughly track Net Income over time. Large divergence (net income ≫ OCF) flags accruals risk.
- Margins — scan the bar ratios: Net Income / Revenue tells you margin trend without needing a separate chart.
TTM (trailing-twelve-month) smooths seasonality and is used for the P/E calculation. Filings appear 30–90 days after the period closes.
| P/B Ratio | 1.2 |
| P/S Ratio | 0.3 |
| EV/EBITDA | 4.6 |
| TTM Revenue | $0.4B |
| TTM Net Income | $-0.1B |
| TTM EPS | $-2.84 |
| ROE | -50.8% |
| Debt/Equity | 0.33 |