Forrester Research Inc chart

Last update: 2022-12-30
Key statistics and financials
Revenue per share 28.16
Dividend & YieldN/A$ (N/A)
Beta 1.01
Market capitalization 648.34M
Operating cash flow 59.88M
ESG Scores unknown

Company description

Forrester Research, Inc. operates as an independent research and advisory services company. The company operates in three segments: Research, Consulting, and Events. The Research segment primary subscription research portfolio services include Forrester Research, SiriusDecisions Research, and Forrester Decisions, which are designed to provide business and technology leaders with a proven path to growth through customer obsession. This segment delivers content, such as future trends, predictions, and market forecasts; deep consumer and business buyer data and insights; curated best practice models and tools to run business functions; operational and performance benchmarking data; and technology and service market landscapes and vendor evaluations through online access. The Consulting segment provides consulting projecs, including conducting maturity assessments, prioritizing best practices, developing strategies, building business cases, selecting technology vendors, structuring organizations, developing content marketing strategies and collateral, and sales tools; and advisory services. The Events segment hosts in-person and virtual events related to business-to-business marketing, sales and product leadership, customer experience, security and risk, new technology and innovation, and data strategies and insights. The company sells its products and services through direct sales force in various locations in the United States, Europe, the United Kingdom, Canada, the Asia Pacific region, and internationally. Forrester Research, Inc. was incorporated in 1983 and is headquartered in Cambridge, Massachusetts.

Sector: Industrials - Industry: Consulting Services

Financial Ratios
Quick Ratio0.86
Working Capital-0.58
Return On Equity0.12
Debt To Equity0.37
Fixed Asset Ratio0.17
Fixed Interest Cover9.23

Financial data

Financial Statements

Cashflow Statement 2018-12-31 2019-12-31 2020-12-31 2021-12-31
Change To Liabilities -432k 15.79M -816k 36.21M
Total Cashflows From Investing Activities 40.09M -249.54M -4.57M -29.3M
Net Borrowings 129.03M 129.03M -23.38M -34.38M
Total Cash From Financing Activities -13.95M 129.44M -23.69M -49.14M
Change To Operating Activities 425k -14.87M -14M 1.76M
Issuance Of Stock 13.02M 6.33M 5.71M 9.16M
Net Income 15.38M -9.57M 9.99M 24.84M
Change In Cash 60.51M -71.1M 21.46M 27.38M
Effect Of Exchange Rate -4.04M 597k 1.96M -1.25M
Total Cash From Operating Activities 38.42M 48.41M 47.75M 107.07M
Depreciation 4.92M 38.68M 34.66M 31.33M
Change To Account Receivables 2.59M 3.7M 234k -3.9M
Other Cashflows From Financing Activities -3.66M -3.66M -3.11M -494k
Change To Netincome 11.34M 8.62M 11.81M 11.3M
Capital Expenditures -5.05M -11.89M -8.9M -10.74M

Income Statement 2018-12-31 2019-12-31 2020-12-31 2021-12-31
Research Development
Income Before Tax 23.52M -9.6M 12.93M 33.19M
Net Income 15.38M -9.57M 9.99M 24.84M
Selling General Administrative 175.74M 225.91M 216.57M 229M
Gross Profit 211.07M 264.97M 268.08M 292.5M
Ebit 26.21M 7.87M 21.95M 38.98M
Operating Income 26.21M 7.87M 21.95M 38.98M
Interest Expense -8.05M -8.05M -5.34M -4.22M
Income Tax Expense 8.14M -29k 2.94M 8.35M
Total Revenue 357.57M 461.7M 448.98M 494.31M
Cost Of Revenue 146.5M 196.73M 180.9M 201.81M
Total Other Income ExpenseNet -2.69M -17.47M -9.02M -5.79M
Net Income From Continuing Ops 15.38M -9.57M 9.99M 24.84M
Net Income Applicable To Common Shares 15.38M -9.57M 9.99M 24.84M

Balance Sheet Statement 2018-12-31 2019-12-31 2020-12-31 2021-12-31
Total Liabilities 201.92M 481.07M 458.45M 476.22M
Total Stockholder Equity 151.6M 158.09M 185.77M 203.91M
Other Current Liabilities 153.93M 201.5M 201.04M 236.53M
Total Assets 353.52M 639.16M 644.22M 680.13M
Common Stock 230k 233k 236k 241k
Other Current Assets 15.68M 21.58M 24.02M 29.63M
Retained Earnings 127.72M 118.15M 127.98M 152.82M
Treasury Stock -177.04M -176.75M -172.58M -195.14M
Cash 140.3M 67.9M 90.26M 115.77M
Total Current Liabilities 189.99M 268.93M 269.75M 312.34M
Other Stockholder Equity -5.15M -4.86M -690k -3.19M
Property, Plant, and Equipment 22M 99.04M 96.33M 93.25M
Total Current Assets 236.09M 192.04M 217.16M 269.49M
Net Tangible Assets 61.48M -183.17M -139.44M -103.82M
Net Receivables 67.32M 84.61M 84.69M 86.97M
Accounts Payable 588k 505k 657k 840k


Insider Transactions

Here are the insider transactions of stock shares related to Forrester Research Inc:

Filer Name Transaction Text Ownership Date Filer Relation Shares
JOHNSON CARRIE A.Sale at price 34.75 per share.D2022-11-21Officer2k
JOHNSON CARRIE A.Sale at price 35.85 per share.D2022-11-10Officer3.25k
JOHNSON CARRIE A.Sale at price 42.40 per share.D2022-11-01Officer223
JOHNSON CARRIE A.D2022-11-01Officer763
FINN LEO CHRISTIAND2022-09-30Chief Financial Officer5.04k
HIPPLER KELLEYSale at price 45.02 per share.D2022-08-12Officer8.25k
HIPPLER KELLEYConversion of Exercise of derivative security at price 36.18 per share.D2022-08-12Officer8.25k
HIPPLER KELLEYSale at price 45.00 per share.D2022-08-04Officer500
HIPPLER KELLEYConversion of Exercise of derivative security at price 36.18 per share.D2022-08-04Officer500
CHOUINARD SCOTTSale at price 47.28 per share.D2022-08-01Officer500
CHOUINARD SCOTTD2022-08-01Officer1.38k
PELTZMAN STEVEN PD2022-08-01Chief Technology Officer5.34k
DARRAH RYAND2022-08-01Officer5.05k
HIPPLER KELLEYD2022-08-01Officer8.48k
JOHNSON CARRIE A.Sale at price 47.53 per share.D2022-08-01Officer2.18k
JOHNSON CARRIE A.D2022-08-01Officer7.43k
MACBETH SHIRLEYD2022-08-01Officer1.51k
KASPARIAN MICHAELD2022-08-01Chief Technology Officer1.9k
LEAVER SHARYND2022-08-01Officer2.48k
LEE ALICIAD2022-08-01Officer3.31k
GALFORD ROBERT MStock Award(Grant) at price 0.00 per share.D2022-06-01Director2.31k
TEICHGRAEBER GRETCHEN GStock Award(Grant) at price 0.00 per share.D2022-06-01Director2.31k
BRADFORD NEILStock Award(Grant) at price 0.00 per share.D2022-06-01Director2.31k
ROMINE WARREN NStock Award(Grant) at price 0.00 per share.D2022-06-01Director2.31k
FRISCIA ANTHONY JStock Award(Grant) at price 0.00 per share.D2022-06-01Director2.31k
WASSENAAR YVONNEStock Award(Grant) at price 0.00 per share.D2022-06-01Director2.31k
BOYCE DAVIDStock Award(Grant) at price 0.00 per share.D2022-06-01Director2.31k
BIRCH JEAN MStock Award(Grant) at price 0.00 per share.D2022-06-01Director2.31k
KASPARIAN MICHAELD2022-06-01Chief Technology Officer2.3k
LEE ALICIASale at price 52.00 per share.D2022-05-27Officer1.43k
LEE ALICIAConversion of Exercise of derivative security at price 38.43 per share.D2022-05-27Officer1.75k
BOYCE DAVIDSale at price 50.53 per share.D2022-05-10Director2k
ROMINE WARREN NStock Award(Grant) at price 0.00 per share.D2022-04-01Director523
MACBETH SHIRLEYD2022-04-01Officer2.68k
KASPARIAN MICHAELD2022-03-01Chief Technology Officer250
TEICHGRAEBER GRETCHEN GSale at price 59.95 per share.D2021-11-22Director1k
DARRAH RYANSale at price 58.60 per share.D2021-11-09Officer672
TEICHGRAEBER GRETCHEN GSale at price 58.62 per share.D2021-11-08Director2k
CHOUINARD SCOTTSale at price 58.64 per share.D2021-11-08Officer8.38k
CHOUINARD SCOTTConversion of Exercise of derivative security at price 33.16 - 38.43 per share.D2021-11-08Officer9.38k
HIPPLER KELLEYSale at price 58.68 per share.D2021-11-08Officer5.12k
HIPPLER KELLEYConversion of Exercise of derivative security at price 33.81 per share.D2021-11-08Officer5.12k
JOHNSON CARRIE A.Sale at price 58.10 - 58.11 per share.D2021-11-08Officer1.53k
JOHNSON CARRIE A.D2021-11-01Officer763
COLONY GEORGE FStock Gift at price 0.00 per share.I2021-09-14Chief Executive Officer191.75k
TEICHGRAEBER GRETCHEN GSale at price 48.50 per share.D2021-09-03Director1k
TEICHGRAEBER GRETCHEN GSale at price 48.00 per share.D2021-09-02Director500
PELTZMAN STEVEN PSale at price 47.82 per share.D2021-08-31Chief Technology Officer2.63k
TEICHGRAEBER GRETCHEN GSale at price 48.08 per share.D2021-08-30Director500
DARRAH RYANSale at price 48.00 per share.D2021-08-30Officer2.7k
DARRAH RYANConversion of Exercise of derivative security at price 33.16 - 38.43 per share.D2021-08-30Officer2.7k

Insider transaction explanations

Insider buying is the legal purchase of shares by a senior executive or director of a company. "Filer Name" corresponds to the name of the stock buyer or seller. "Transaction Text" describes the transaction. "Ownership" gives information about the transaction type. "Date" is the reported transaction date. "Filer Relation" gives the role of the insider in the company. "Shares" is the value of the transaction. You will find the complete description of the General Transaction Codes on the SEC dedicated page


Investment strategy backtesting

These are the result of three automatic investment systems applied to Forrester Research Inc. You will find the performance of an systematic investment system, a momentum strategy, and a buy the dip trading strategy.


Systematic investment results on Forrester Research Inc

Here is the result of two systematic investment strategies applied to Forrester Research Inc. The first strategy automatically buys the first day of the month, and the second strategy buys the fifteenth day of the month.

Systematic investment equity curve on Forrester Research Inc

The following chart shows the equity curve of the two systematic investment strategies applied to Forrester Research Inc:

Forrester Research Inc automated entries

The systematic investment strategy that buys the first day of the month would give a performance of 45.73% on the backtest period.

Performance at glance

Performance

45.73 %

Latent gain

820.48 $

Invested capital

1794.02 $

Annualized return

11.15 %
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Momentum strategy results on Forrester Research Inc

This is the result of two momentum investment strategies applied to Forrester Research Inc. The first strategy uses a momentum signal calculated on one quarter, and the second uses a momentum signal calculated on two quarters.

Momentum entry openings on Forrester Research Inc

The following chart shows all the entries opened by the momentum investment system on Forrester Research Inc:

Forrester Research Inc momentum entries
  • The first momentum investment strategy would give 42.4% of return on Forrester Research Inc. That represents 2647.0$ of latent gain with 6242.3$ of employed capital.
  • The second momentum investment strategy would give 45.7% of return on Forrester Research Inc. That represents 1731.26$ of latent gain with 3788.24$ of employed capital.
Performance at glance (1Q Momentum)

Performance

42.4 %

Latent gain

2647.0 $

Invested capital

6242.3 $

Annualized return

20.81 %
Performance at glance (2Q Momentum)

Performance

45.7 %

Latent gain

1731.26 $

Invested capital

3788.24 $

Annualized return

12.62 %

Momentum equity curve on Forrester Research Inc

The following chart shows the equity curve of the two momentum strategies applied to Forrester Research Inc:

Forrester Research Inc momentum equity

Note: the dividends potentially given by Forrester Research Inc are not integrated into the calculation of the equity curve neither the performance of the strategy. The integration of the dividends will be available soon.


Employed capital on Forrester Research Inc

The following chart shows the employed capital evolution of the two momentum strategies on Forrester Research Inc since the beginning:

Forrester Research Inc

Note: the algorithm buys for a maximum of 250$ per entry. If the stock price is greater than 250$, the system buys only one stock per entry. The investment system stops automatically when the financial exposure reaches 10000$.


Buy the dip strategy result on Forrester Research Inc

Buy the dip entry openings on Forrester Research Inc

Forrester Research Inc

The performance achieved by the robo-advisor on Forrester Research Inc is 43.71%. That represents 106.02$ of latent gain with 242.58$ of employed capital. The following chart shows Forrester Research Inc stock price with all the entries opened by the automated investment system.

Note: The blue line represents the weekly stock price of Forrester Research Inc, and the green triangles represent the entry openings. The artificall robo-advisor needs at least 100 weeks of trading history to work.

Performance at glance

Performance

43.71 %

Latent gain

106.02 $

Invested capital

242.58 $

Annualized return

20.81 %

Equity curve of the strategy applied to Forrester Research Inc

The following chart shows the result of the investment strategy applied to Forrester Research Inc:

Forrester Research Inc

Note: the dividends potentially given by Forrester Research Inc are not integrated into the calculation of the equity curve neither the performance of the strategy. The integration of the dividends will be available soon.


Employed capital on Forrester Research Inc

The following chart shows the employed capital evolution since the beginning of the investment strategy on Forrester Research Inc:

Forrester Research Inc

Note: the algorithm buys for a maximum of 250$ per entry. If the stock price is greater than 250$, the system buys only one stock per entry. The investment system stops automatically when the financial exposure reaches 10000$.


Investment strategies comparison on Forrester Research Inc

In this section, I will compare the three previous investment strategies applied to Forrester Research Inc.

Equity curve comparison on Forrester Research Inc

The following chart shows the equity curve of the artificall advisor, the trend folowing and the automatic investment strategies:

Forrester Research Inc investment strategy comparison

Employed capital comparison on Forrester Research Inc

Forrester Research Inc investment comparison

Performance comparison on Forrester Research Inc

Strategy Latent Profit Growth Employed capital CAGR
Automatic investment 45.73% 820.48$ 1794.02$ 11.15%
Momentum 1 quarter 42.4% 2647.0$ 6242.3$ 10.98%
Momentum 2 quarters 45.7% 1731.26$ 3788.24$ 12.62%
Non-directional 43.71% 106.02$ 242.58$ 20.81%
Annualized return comparison

Automatic investment

11.15 %

Momentum 1Q

12.62 %

Momentum 2Q

12.62 %

Non-directional

20.81 %

Correlated stocks

Here are the most positively and negatively correlated stocks with Forrester Research Inc:

Positive correlations

Most correlated stocks this year

  • Forrester Research Inc

  • Most correlated stocks last 3 months

  • Stanley Black & Decker Inc - Unit
  • Forrester Research Inc
  • First Bancorp Inc (ME)
  • WYNNSTAY GROUP PLC ORD 25P
  • L.B. Foster Co. - Class A
  • Diamond Hill Investment Group Inc - Class A
  • Resolute Forest Products Inc
  • Universal Insurance Holdings Inc
  • Tupperware Brands Corporation
  • WestRock Company
  • Standard Motor Products Inc
  • Arrow Financial Corp
  • Luther Burbank Corp
  • Insteel Industries Inc
  • Matthews International Corp - Class A
  • Stanley Black & Decker Inc
  • First Foundation Inc
  • Verizon Communications Inc
  • Freeport-McMoRan Inc
  • Crocs Inc
  • Oppenheimer Holdings Inc - Class A
  • Topgolf Callaway Brands Corp
  • Core Laboratories N.V.
  • Global X SuperDividend ETF
  • Universal Stainless & Alloy Products Inc
  • Snap-on Inc
  • INVESCO INTERNATIONAL BUYBACK ACHIEVERS ETF
  • UMH Properties Inc
  • IShares MSCI Emerging Markets ex China ETF
  • Capri Holdings Ltd
  • Hasbro Inc
  • iShares MSCI Ireland ETF
  • Franklin Electric Co. Inc
  • Universal Corp
  • Curtiss-Wright Corp
  • WEIR GROUP PLC ORD 12.5P
  • Lincoln Electric Holdings Inc
  • Autoliv Inc
  • LyondellBasell Industries NV - Class A
  • Emerson Electric Company
  • JELD-WEN Holding Inc
  • Encore Wire Corp
  • DXP Enterprises Inc
  • First Bancorp PR
  • Forward Air Corp
  • Mosaic Company
  • Mueller Industries Inc
  • Invesco S&P SmallCap Materials ETF
  • Invesco S&P 500 Equal Weight Materials ETF
  • Invesco S&P SmallCap 600 Pure Value ETF
  • Scansource Inc
  • ITT Inc
  • Robert Half International Inc
  • Avient Corp
  • Whirlpool Corp
  • J.B. Hunt Transport Services Inc
  • MACOM Technology Solutions Holdings Inc
  • Paccar Inc
  • TE Connectivity Ltd
  • Donaldson Co. Inc
  • Oxford Industries Inc
  • Sensient Technologies Corp
  • Sierra Bancorp
  • Trico Bancshares
  • O-I Glass Inc
  • Ingevity Corp
  • Invesco S&P SmallCap Information Technology ETF
  • Kaman Corp
  • PPG Industries Inc
  • Flowserve Corp
  • VICTORYSHARES INTERNATIONAL HIGH DIV VOLATILITY WT
  • First Trust RiverFront Dynamic Developed Internati
  • Vanguard International High Dividend Yield ETF
  • VICTORYSHARES INTERNATIONAL VOLATILITY WTD ETF
  • Schwab International Equity ETF
  • SPDR Portfolio Developed World ex-US ETF
  • Crane Holdings Company
  • AGCO Corp
  • Marriott International Inc - Class A
  • Sonoco Products Company
  • iShares Trust iShares ESG Aware MSCI EAFE ETF
  • Vishay Precision Group Inc
  • Barrett Business Services Inc
  • Summit Materials Inc - Class A
  • Clearfield Inc
  • Minerals Technologies Inc
  • American Vanguard Corp
  • Trimas Corporation
  • Innospec Inc
  • Myers Industries Inc
  • Acuity Brands Inc
  • Miller Industries Inc
  • Canadian National Railway Company
  • Hibbett Inc
  • Fortive Corp
  • Genpact Ltd
  • Arlo Technologies Inc
  • ISHARES INDIA 50 ETF
  • Woori Financial Group Inc
  • Shinhan Financial Group Co. Ltd
  • DZS Inc
  • iMedia Brands Inc - Class A
  • Rush Enterprises Inc - Class A
  • Rush Enterprises Inc - Class B
  • JAGUAR MINING INC
  • H.B. Fuller Company
  • CRH Plc
  • H&E Equipment Services Inc
  • Fabrinet
  • Gap Inc
  • Invesco RAFI Strategic Developed ex-US ETF
  • Rigel Pharmaceuticals
  • Pediatrix Medical Group Inc
  • Liberty TripAdvisor Holdings Inc - Series A
  • Almaden Minerals Ltd
  • Equitrans Midstream Corporation
  • Graham Holdings Co. - Class B
  • POSCO Holdings Inc
  • Valvoline Inc
  • Deere & Company
  • Radware
  • CGI Inc - Class A
  • Titan Machinery Inc
  • Maximus Inc
  • 3M Company
  • Leggett & Platt Inc
  • Union Pacific Corp
  • Armada Hoffler Properties Inc
  • Cactus Inc - Class A
  • Hudbay Minerals Inc
  • Mettler-Toledo International Inc

  • Negative correlation

    Most negatively correlated stocks this year


    Most negatively correlated stocks last 3 months


    Note: The algorithm computes the probability of correlation between Forrester Research Inc and the other stocks. There may be false positives or some missing correlated stocks. If the price of Forrester Research Inc does not vary for 36 weeks, the correlation calculation result will be wrong.


    Company information

    Company name Forrester Research Inc
    Country United States
    City Cambridge
    Address 60 Acorn Park Drive
    Phone 617 613 6000
    Website www.forrester.com
    FullTime employees 2004
    Industry Consulting Services
    Sector Industrials
    Exchange XNAS
    Ticker FORR
    Market www.nasdaq.com

    Forrester Research Inc ESG Scores

    Environment scores

    Environment ESG Factors Scores
    Environment Score 0
    Peer Environment Performance unknown
    Environment Percentile unknown
    Palm Oil unknown
    Nuclear unknown
    Fur Leather unknown
    GMO unknown
    Coal unknown
    Pesticides unknown
    Animal Testing unknown

    Social scores

    Social ESG Factors Scores
    Social Score 0
    Peer Social Performance unknown
    Social Percentile unknown
    Highest Controversy unknown
    Peer Highest Controversy Performance unknown
    Adult unknown
    Gambling unknown
    Alcoholic unknown
    Tobacco unknown
    Catholic unknown
    Controversial Weapons unknown
    Small Arms unknown
    Military Contract unknown
    Peer Count unknown

    Related Controversy:


    Governance scores

    Governance ESG Factors Scores
    Governance Score 0
    Peer Governance Performance unknown
    Governance Percentile unknown

    ESG at glance
    Total ESG Scores: unknown
    Environment Score: 0
    Social Score: 0
    Governance Score: 0

    ESG Performance: unknown

    Peer Group: unknown

    Peer Esg Score Performance: unknown

    Rating Year: unknown

    Rating Month: unknown

    Max Age: unknown

    Percentile: unknown