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FORR $17.09

FORR target price
17.09
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0
Forrester Research, Inc.
Type
Public
Traded as NASDAQ: FORR
S&P 600 Component
Industry Market research
Founded 1983 by George F. Colony
Headquarters 60 Acorn Park Drive, Cambridge, MA
Revenue $313.7 Million
Net income
$12 Million
Number of employees
1,345 (as of December 31, 2015)
Website Forrester

Forrester is an American market research company that provides advice on existing and potential impact of technology, to its clients and the public. Their 2016 adjusted EBITDA was $29.3 million and their 2015 adjusted EBITDA was $26.5 million. Forrester has five research centers in the US: Cambridge, Massachusetts; New York, New York; San Francisco, California; Washington, D.C.; and Dallas, Texas. It also has four European research centers in Amsterdam, Frankfurt, London, and Paris and four research centers in the APAC region in New Delhi, Singapore, Beijing, and Sydney. The firm has 27 sales locations worldwide. It offers a variety of services including syndicated research on technology as it relates to business, quantitative market research on consumer technology adoption as well as enterprise IT spending, research-based consulting and advisory services, events, workshops, teleconferences, and executive peer-networking programs.

Forrester was founded in July 1983 by George Forrester Colony, now chairman of the board and chief executive officer, in Cambridge, Massachusetts. The company's first report, "The Professional Automation Report," was published in November 1983. In November 1996, Forrester announced its initial public offering of 2,300,000 shares. In February 2000, the company announced its secondary public offering of 626,459 shares. The company acquired Fletcher Research, a British Internet research firm, in November 1999; FORIT GmbH, a German market research and consulting firm, in October 2000 and Giga Information Group, a Cambridge, Massachusetts-based information technology research and consulting company, in February 2003. In July 2008, Forrester announced the acquisition of New York City-based JupiterResearch. Forrester acquired Strategic Oxygen on December 1, 2009, and Springboard Research on May 12, 2011.

In September 2017, Forrester launched their first consumer product, an Apple and Android mobile app that allows consumers to rate companies using a simple system based upon a stoplight. The app uses the three colors; red for a bad rating, yellow for neutral, and green for good. Users can also leave a comment and the business can also reply once a comment has five or more users.

On January 31, 2006, the company announced that on January 26, 2006 its independent registered public accounting firm, BDO Seidman, LLP, informed the company that it had incorrectly accounted for performance-based stock options to purchase 940,500 shares of common stock granted on March 31, 2005.

Q reports

Period Date Adjusted Actuals EPS GAAP EPS
Q3 2022 2022-11-01 Future report Set alerts
Q2 2022 2022-07-28 1.00 1.00
Q1 2022 2022-05-05 0.45 0.45
Q4 2021 2022-02-10 0.59 0.59
Q3 2021 2021-11-03 0.41 0.41
Q2 2021 2021-07-28 0.66 0.66
Q1 2021 2021-05-05 0.45 0.45
Q4 2020 2021-02-11 0.35 0.35
Q3 2020 2020-10-29 0.24 0.24
Q2 2020 2020-07-30 0.65 0.65

Ratings

2016-06-22 Reiterated Rating Barrington Research Market Perform
2015-10-06 Initiated Coverage Barrington Research Market Perform
2015-03-23 Reiterated Rating William Blair Hold
2014-07-16 Initiated Coverage Sidoti Buy
2011-10-28 Initiated Northland Securities Market Perform
2009-07-09 Initiated Robert W. Baird Neutral $26
2008-12-18 Initiated Noble Financial Buy $29
2008-12-10 Upgrade William Blair Mkt Perform to Outperform
2007-09-21 Reiterated Canaccord Adams Buy $32 to $29
2016-06-22 Reiterated Rating Barrington Research Market Perform
2015-10-06 Initiated Coverage Barrington Research Market Perform
2015-03-23 Reiterated Rating William Blair Hold
2014-07-16 Initiated Coverage Sidoti Buy
2011-10-28 Initiated Northland Securities Market Perform

There is presents forecasts of rating agencies and recommendations for investors about this ticker

Major Shareholders

Name Relationship Total Shares Holding stocks
COLONY GEORGE F Chairman & CEO 37.68%  (6873618) FORR /
DOYLE MICHAEL A Chief Financial Officer 0.16%  (28562) FORR /
Galford Robert 0.11%  (20609) FORR /
WELLES MICHAEL 0.11%  (20097) FORR /
Broeders Henk 0.11%  (19612) FORR /
Condon Cliff Chief Research Officer 0.10%  (17750) FORR /
Brothers Mack Chief Consulting Officer 0.08%  (13865) FORR /
Quinn Lucia Luce Chief People Officer 0.07%  (13004) FORR / UFPT /
Hippler Kelley Chief Sales Officer 0.07%  (12885) FORR /
Peltzman Steven P. CBTO 0.07%  (12806) FORR /
Teichgraeber Gretchen 0.05%  (8770) FORR /
Milligan Victor Chief Marketing Officer 0.04%  (7656) FORR /
HORNIG GEORGE 0.03%  (6200) FORR /
MANN GAIL Chief Legal Officer 0.03%  (6136) FORR /
Morhardt Michael Chief Sales Officer 0.03%  (5176) FORR /
van Lingen Dennis President, EMEA 0.02%  (3383) FORR /
Friscia Anthony J 0.02%  (3041) FORR /
Wassenaar Yvonne 0.02%  (3041) FORR /
Chouinard Scott Chief Accounting Officer 0.01%  (2261) FORR /
Rutstein Charles Chief Operating Officer 0.01%  (2125) FORR /
Boyce David 0.01%  (1901) FORR /
Darrah Ryan Chief Legal Officer 0.01%  (1632) FORR /
Pohlmann Thomas R. Officer 0.01%  (1114) FORR /