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Stock Ratings / Industrials / FORR
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Forrester Research Inc. (FORR) — RQD Stock Rating Cockpit

$9.85 -10.54% NASDAQ • Live Quote vs Prior Daily Close (Synced Snapshot) EXT / AFTER-HRS: $9.64

Forrester Research Inc. (FORR) carries a Roarable Rating of D (Sell) with 48/100 RQD Confidence due to weak cash-flow efficiency and sensitivity to current interest rates. Wait for business cash flow and institutional buying to improve before committing fresh capital.

ROARABLE D • SELL / AVOID Cap $209.6M
📤 Share Live RQD Speedometer Card: 𝕏 Post Reddit StockTwits ⬇ Live SVG Card
⚡ INSTANT AI QUANT PREVIEW • $0 FREE TIER Click Any Pre-Computed AI Quant Specialist Briefing on FORR Below — or Connect Your Own ChatGPT / Claude
🤖 Mara Quenwick • AI Quant Lead (Click for Instant Brief) Is FORR stock a Buy, Hold, or Sell right now according to Roarable's RQD model?
▼

As of 2026-11-03, Forrester Research Inc. (NASDAQ: FORR) is rated D (Sell / SELL) by Roarable's 5-pillar RQD engine with a composite confidence score of 48/100 at a spot price of $9.85 (-10.54% 1D, market cap $209.6M). Pillar breakdown: Fundamental Cash Engine 9/20, Institutional 13F & Options Flow 9/20, SEC Balance-Sheet Forensics 6/20, FRED Macro Regime Fit 15/20, and Executive Insider Alignment 9/20. Across 486 tracked Industrials issuers, FORR ranks #249 in composite RQD confidence.

✓ Pre-computed one-to-many AI Quant brief
🤖 Ellis Vennor • AI Peer & Flow Quant (Click for Instant Brief) How does FORR compare to NVRI and GLXG in the Industrials sector?
▼

Within the Industrials sector (Diversified Commercial Services), FORR carries a Roarable D (48/100 RQD), trailing P/E of N/A, gross margin of 57.0%, and ROIC of -35.0%. By comparison, NVRI (Enviri Corporation) holds a D- grade (39/100 RQD, P/E N/A, ROIC —, cap $519.3M) and GLXG (Galaxy Payroll Group Limited (Class A)) posts a D- grade (36/100 RQD, P/E N/A, ROIC —, cap $3.8M). Among the 5-stock peer group, PAYX leads on earnings multiple (22.1x) while PAYX leads on capital efficiency (28.6% ROIC).

✓ Pre-computed one-to-many AI Quant brief
🤖 Gideon Ashmere • AI SEC 10-K Forensics (Click for Instant Brief) What are the biggest fundamental strengths and SEC risk factors for FORR?
▼

Per FORR's SEC EDGAR XBRL 10-K filing (FY2025, filed 2025-12-31, CIK 0001023313), Forrester Research Inc. generated $396.9M in revenue (-8.2% YoY), -$119.4M in net income, and $18.1M in free cash flow against $404.0M in total assets and $0 in total debt. Key quantitative strengths: Established market leader in Industrials with deep daily trading liquidity. Primary risk factors monitored: Company executives have done more routine share selling than personal cash buying lately. Institutional options positioning shows a 50% call / 50% put premium split.

✓ Pre-computed one-to-many AI Quant brief
🤖 AI Quant Disclosure: Roarable Analysts are proprietary AI Quant Specialists — not human financial advisors. Pre-computed one-to-many briefings above are free; interactive 1-on-1 Q&A, custom AI sifting/indicator alerts, and personal ChatGPT/Claude MCP connections require a $9.95/mo Pro account (currently waitlist-only).
INTERACTIVE SCENARIO DECK:
🛡️ Portfolio Crash X-Ray
EXT / AFTER-HRS: $9.64 (-2.09%)🧬 Disciplined Float (-0.40% YoY Shares)⚙️ Cash Engine: 9/20 (D) • 4.6% FCF Margin
Verify 90D Bucket Audit →
📊 Historical Track Record Warning: Scores below 50 (48/100 · D) historically underperformed SPY in 71% of rolling 90-day windows (-5.6% avg 90D alpha vs SPY • 29.0% hit rate).
Audit Bucket Track Record →
RQD QUANT TACHOMETERSELL / AVOID • D
025507510048
2-of-3 Quant Analysts Bearish Warning
Cash
SEC
Whale

Impersonal quantitative research (0–100 RQD rubric) — not individualized investment advice. Past performance does not guarantee future results. Full Disclaimer

5-PILLAR RQD RADARRw D · Rk D+
Cash (9)Whales (9)SEC (6)Macro (15)CEO (9)
Each axis scored 0–20
12M PRICE TARGET CONE-4.5% Base Target
$13 Bull$9 Base$7 Bear
📬 FREE FORR RATING-CHANGE & BRIEFING ALERTSManage / Unsubscribe
WHALE OPTIONS SNAPSHOT: — (No Active Options Snapshot on file for FORR)Realized 20D OHLCV Swing Band: ±9.5%
Deterministic 5-Pillar Attribution (48/100 Composite)
🔍 WHY FORR SCORES 48/100 (D) — TOP 3 DRIVERS2 Bullish Pillars + #1 Risk Drag
▲ #1 Bullish Driver: Macro Regime Fit+15/20 pts (31% of score)

FRED Regime × Technicals: 63% of 52W Range • RSI-14 at 42.8 (NEUTRAL RANGE)

▲ #2 Bullish Driver: Cash Engine Quality+9/20 pts (19% of score)

SEC XBRL FY 2025 (10-K): 4.6% FCF Margin ($18.1M FCF) & 57% Gross Margin

▼ #1 Drag / Risk Factor: SEC 10-K Forensic Risk6/20 pts (-14 pt drag)

Balance-sheet & 10-K footnote risk deducts 14 pts from forensic ceiling

📈 PAST 4 QUARTERS RQD vs SUBSEQUENT RETURNQ1 → Q2 → Q3 → Current
Q1 (-3Q)
56
Grade C$11.87+2.4% Next Q
Q2 (-2Q)
53
Grade C-$12.16-1.2% Next Q
Q3 (-1Q)
51
Grade C-$12.02-18.1% Next Q
Current
48
Grade D$9.85-5.6% Hist 90D α
Trajectory: C (56) → D (48)Full Audit →
⚔️ ADVERSARIAL OPPOSING CASE & FORENSIC KILL-SWITCH (WHY THE BULL/BEAR THESIS COULD FAIL)CONTRARIAN TURNAROUND & SHORT-SQUEEZE DOSSIER

⚔️ Adversarial Opposing Case: What Could Spark a FORR Turnaround Squeeze

Gideon Ashmere Forensic Desk →

While FORR currently carries a cautious 48/100 (D) rating due to SEC 10-K Forensic Risk (6/20), shorts face asymmetric squeeze risk if free cash flow inflects or management executes accretive buybacks.

🚀 Contrarian Squeeze Trigger #1

Established market leader in Industrials with deep daily trading liquidity.

🚀 Contrarian Squeeze Trigger #2

Options & Short-Covering Gamma: Reclaiming the 50-day SMA ($11.79) and Max Pain ($10.34) forces dealer call-delta covering toward $13.39.

🚀 Contrarian Squeeze Trigger #3

Forensic Repair Trigger: Halting share dilution (Disciplined Float (-0.40% YoY Shares)) or retiring high-cost debt immediately upgrades the SEC 10-K Forensic pillar.

🎲 LIVE PREDICTION MARKET ODDS TIED TO $FORR• $2.4M Crowd Pool • Kalshi / Polymarket Composite
Contract: “FORR Beats Next Quarter EPS Consensus (Dec 30, 2026) & Holds Above 200D SMA”
YES 48%NO 52%Trade / Inspect Odds →
RSI-14 MOMENTUMNEUTRAL RANGE
42.830 Oversold · 70 Hot
ALTMAN-Z SHIELDDISTRESS RISK (<1.8)
0.66>3.0 Fortress Safe
PIOTROSKI F-SCORESOLID CORE (5–6)
5 / 99-Pt Accounting
52-WEEK LASER RANGE63% OF RANGE
L: $5$9.85H: $13
1. Money & Cash Health● WEAK
Are profits real cash in the bank?

Weak cash conversion or heavy valuation strain compared to actual cash earned.

Factor Grade: DRQD 9 / 20
2. Big Money & Insiders● TRIMMING
Are whales & executives buying or selling?

Insiders and big institutional desks have been trimming shares rather than stepping up to buy.

Factor Grade: DRQD 18 / 40
3. Hidden Risks & Market Weather● WARNING
SEC fine-print scan & interest-rate fit

High sensitivity to tight interest rates or new risk warnings added to recent SEC annual filings.

Factor Grade: D+RQD 21 / 40
MULTI-MODEL QUANT PANEL DELIBERATION

2-of-3 Quant Analysts Bearish Warning on FORR

Cash & Moat Bull AI
ROIC & Free Cash Flow Model
BEARISH (45)

-35.0% ROIC with 57.0% gross margin and 7.80% FCF yield.

SEC Forensic Auditor AI
10-K Accruals & Altman-Z Guard
BEARISH (30)

Altman-Z 0.66 and Piotroski 5/9 pass balance-sheet audit.

Whale & Macro Hawk AI
Options Skew, 13F & Fed NetLiq
NEUTRAL (55)

18/40 institutional & smart-money positioning score with 15/20 macro alignment.

Bull Case: Why Buyers Like FORR
  • ✓Established market leader in Industrials with deep daily trading liquidity.
Bear Case: What Could Go Wrong
  • !Company executives have done more routine share selling than personal cash buying lately.
  • !Recent SEC filings added new risk-factor disclosures that warrant keeping an eye on margins.
ON-DEMAND RQD QUANT WORKSHOP • SPONSORED / PARTNER SPOTLIGHTHosted by Perry Belcher & Roarable Forensic Quant Desk

Red-Light Warning Desk: Spotting SEC Cash-Flow & Dilution Risks Before Downgrades (Featuring FORR)

  • ✓Walkthrough of FORR's RQD Radar, SEC cash-conversion gap & downside invalidation levels
  • ✓3 asymmetric Bear/Hedge frameworks when 10-year Treasury yields stay elevated
  • ✓Includes nightly RQD rating-change & forensic signal email alerts on your tracked stocks
RQD INSIDER CLUB WAITLIST$49/YR PLANNED
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FORR // CANDLESTICK & AUTO-TRENDLINE WORKSTATION6M: +58.36%▼ SUPPORT BREAKDOWN
2026-11-03O $12.18H $12.18L $9.85C $9.85VOL 177.2K
RES: $12.68SUP: $10.66SMA50: $11.79SMA200: $8.62
$13.24$11.22$9.20$7.17$5.15RES $12.68SUP $10.66$9.852026-05-042026-06-172026-08-042026-09-182026-11-03
PRIMARY-SOURCE FORENSICS, SECOND-ORDER LINKS & AI ANALYST DESK

FORR Dilution Monitor, Expectations Hurdle, Butterfly Connections & Policy Exposure

🦋 FORR Butterfly Map → + Track FORR →
Share Count & Dilution Monitor

Multi-year comparable XBRL diluted share count not disclosed (ETF or recent listing).

Reverse-DCF Expectations Hurdle
8.0%/yr Implied 5Y Growth

vs. -8.2% actual YoY revenue growth (assuming 9.25% cost of equity & 16.5x terminal multiple).

Ellis Vennor Setup Ledger

No active Ellis Vennor swing setup published on FORR today. View full Setup Ledger →

🦋 Documented & Second-Order Butterfly Connections Open Graph →

No direct multi-tier Butterfly edges indexed yet for FORR. Explore sector supply chains on /butterfly.

AI Analyst Theses, Washington Policy & Company Video
🎬 No recent verified company-specific video clip queued for FORR today (we never pad ticker pages with unrelated generic clips). Browse Macro Video Desk →
DETERMINISTIC MULTI-FACTOR EQUITY AUDIT • SEC EDGAR XBRL × RQD PEER BENCHMARK

📊 Quantitative Sector Peer Comparison, SEC Filing Delta & Investment FAQ (FORR)

Industrials Rank #249 of 486 ⚔️ NVRI vs FORR Full Matrix →

1. Head-to-Head Industrials Peer Comparison (FORR vs. NVRI, GLXG, WSE, PAYX)

Industry: Diversified Commercial Services (32 Tracked Issuers)

Across 486 tracked Industrials securities in the Roarable RQD universe, Forrester Research Inc. (FORR) ranks #249 by composite RQD confidence (48/100, grade D) and #349 by equity capitalization ($209.6M). Within this direct 5-issuer industry benchmark cohort, PAYX leads on earnings valuation at 22.1x trailing P/E, while PAYX leads on capital efficiency and profitability with 28.6% ROIC and 73.4% gross margin. PAYX currently holds the highest overall quantitative score in the immediate peer group at 83/100 (A-) compared with FORR at 48/100 (D).

Ticker / Company Roarable Grade RQD Score Trailing P/E Gross Margin ROIC 1D Change Market Cap Head-to-Head
FORR ACTIVE
Forrester Research Inc.
D 48/100 — 57.0% -35.0% -10.54% $209.6M Benchmark Subject
NVRI
Enviri Corporation
D- 39/100 — — — -2.39% $519.3M /nvri-vs-forr →
GLXG
Galaxy Payroll Group Limited (Class A)
D- 36/100 — 42.6% — -4.49% $3.8M /glxg-vs-forr →
WSE
Wise Group plc (Class A)
D+ 53/100 27.1x — — +1.87% $13.12B /wse-vs-forr →
PAYX
Paychex Inc.
A- 83/100 22.1x 73.4% 28.6% +3.01% $39.91B /payx-vs-forr →

2. Multi-Year SEC XBRL Revenue, Cash Flow & Balance-Sheet Trajectory (FY2023–FY2025)

SEC EDGAR 10-K • FILED 2025-12-31 • CIK 0001023313 ↗

In its most recent audited fiscal period (FY2025, filed 2025-12-31), Forrester Research Inc. (FORR) reported GAAP revenue of $396.9M (-8.2% vs. FY2024 revenue of $432.5M , and -17.4% cumulative change since FY2023) , GAAP net income of -$119.4M, operating cash flow of $21.1M, and free cash flow of $18.1M (+349.2% YoY). On the balance sheet, FORR closed FY2025 with $404.0M in total assets against $0 in total debt (Altman Z-Score: 0.66, Piotroski F-Score: 5/9).

Fiscal Period Filing Date Revenue Net Income Operating Cash Flow Free Cash Flow Total Assets Total Debt
FY2025 (FY) 2025-12-31 $396.9M -$119.4M $21.1M $18.1M $404.0M $0
FY2024 (FY) 2024-12-31 $432.5M -$5.7M -$3.9M -$7.3M $503.9M $35.0M
FY2023 (FY) 2023-12-31 $480.8M $3.0M $21.7M $21.7M — —

3. FORR Data-Verified Investor FAQ (RQD Rating, Sector Peers, SEC Forensics & Technicals)

✓ SCHEMA.ORG FAQPAGE JSON-LD ENABLED

Is FORR stock a Buy, Hold, or Sell right now according to Roarable's RQD model?

As of 2026-11-03, Forrester Research Inc. (NASDAQ: FORR) is rated D (Sell / SELL) by Roarable's 5-pillar RQD engine with a composite confidence score of 48/100 at a spot price of $9.85 (-10.54% 1D, market cap $209.6M). Pillar breakdown: Fundamental Cash Engine 9/20, Institutional 13F & Options Flow 9/20, SEC Balance-Sheet Forensics 6/20, FRED Macro Regime Fit 15/20, and Executive Insider Alignment 9/20. Across 486 tracked Industrials issuers, FORR ranks #249 in composite RQD confidence.

How does FORR compare to NVRI and GLXG in the Industrials sector?

Within the Industrials sector (Diversified Commercial Services), FORR carries a Roarable D (48/100 RQD), trailing P/E of N/A, gross margin of 57.0%, and ROIC of -35.0%. By comparison, NVRI (Enviri Corporation) holds a D- grade (39/100 RQD, P/E N/A, ROIC —, cap $519.3M) and GLXG (Galaxy Payroll Group Limited (Class A)) posts a D- grade (36/100 RQD, P/E N/A, ROIC —, cap $3.8M). Among the 5-stock peer group, PAYX leads on earnings multiple (22.1x) while PAYX leads on capital efficiency (28.6% ROIC).

What are the biggest fundamental strengths and SEC risk factors for FORR?

Per FORR's SEC EDGAR XBRL 10-K filing (FY2025, filed 2025-12-31, CIK 0001023313), Forrester Research Inc. generated $396.9M in revenue (-8.2% YoY), -$119.4M in net income, and $18.1M in free cash flow against $404.0M in total assets and $0 in total debt. Key quantitative strengths: Established market leader in Industrials with deep daily trading liquidity. Primary risk factors monitored: Company executives have done more routine share selling than personal cash buying lately. Institutional options positioning shows a 50% call / 50% put premium split.

Where is FORR trading relative to its 50-day, 200-day, and 52-week technical levels?

FORR last traded at $9.85 (-10.54% on volume of 208,937 shares), positioning the stock -16.45% below its 50-day simple moving average ($11.79) and +14.27% above its 200-day simple moving average ($8.62). Across its 52-week range of $4.88 to $12.75, FORR sits at the 63.2% percentile with a 14-day RSI of 42.8 (NEUTRAL RANGE) and an implied next-earnings move of ±9.5% ($8.91 to $10.79).

Direct Sub-Reports: FORR RQD Cockpit FORR 12M Forecast FORR Earnings & Move FORR Dividends & DRIP FORR Insiders & 13F FORR Whale Options FORR Profit Sankey FORR News & Why
ROARABLE RATING BRIEF • RQD 48/100 (D) ✓ SEC XBRL & RQD VERIFIED

FORR — Forrester Research Inc.: What the Facts Mean to a Prospective Investor

Methodology: RQD v6.2 Deterministic 5-Pillar & SEC XBRL Audit
Updated: 2025-12-31

1. Roarable Rating Brief: What This Means to a Prospective Investor

Forrester Research Inc. (FORR) earns a live Roarable RQD composite score of 48/100, corresponding to a D letter grade (Roarable Sell) at a spot price of $9.85 (-10.54% 1D, market capitalization $209.6M).

  • Fundamental Cash Engine (9/20): Anchored by return on invested capital (ROIC) of -35.0%, gross margin of 57.0%, operating margin of -28.5%, and free cash flow yield of 7.80%.
  • Whale 13F & Options Flow (9/20) + Insider Conviction (9/20): Tracks institutional 13F accumulation, CBOE options call/put positioning, and SEC Form 4 / Congressional PTR filings.
  • Macro Regime Fit (15/20) + Forensic Balance Sheet (6/20): Incorporates a 1.00x equity beta, Altman Z-Score of 0.66, Piotroski F-Score of 5/9, and Debt/Equity of 0.00x.

2. Business Model, Unit Margins & SEC Financial Trajectory

Forrester Research Inc. Is a NASDAQ-listed issuer classified under the Industrials sector and the Diversified Commercial Services industry..2B.

In its latest audited SEC EDGAR 10-K filing for FY2025 (filed 2025-12-31), Forrester Research Inc. (FORR) reported $396.9M in annual revenue (up from $432.5M in FY2024, -8.2% YoY) and -$119.4M in GAAP net income. Over the multi-year SEC filing window from FY2023 ($480.8M revenue, $3.0M net income) through FY2025, FORR scaled operating cash flow to $21.1M and free cash flow to $18.1M, backed by $404.0M in total assets against $0 in total debt.

3. Institutional Bull vs. Bear Thesis & Valuation Tradeoff

  • 🐂 Primary Bull Case (D • RQD 48/100): Established market leader in Industrials with deep daily trading liquidity. Free cash flow yield of 7.80% and institutional whale pillar of 9/20. With Fundamental Cash Engine at 9/20 and Institutional Whale Flow at 9/20, sustained execution supports upside toward the upper end of the $4.88 – $12.75 52-week range.
  • 🐻 Primary Bear Case & Valuation Risk: Company executives have done more routine share selling than personal cash buying lately. Investors must weigh current valuation against -28.5% operating margins and a 1.00x macro beta.

4. 2nd-Order Butterfly Ripples & Key Questions to Watch

The only sector context in the source is the Industrials sector and the Diversified Commercial Services industry, with the stock's beta of 1.0 indicating market-level sensitivity under the Macro Regime Fit pillar.

  • Key Question #1: Can FORR sustain or expand its -28.5% operating margin and -35.0% ROIC against Diversified Commercial Services peers over the next 4 quarters?
  • Key Question #2: Following FY2025 revenue of $396.9M and free cash flow of $18.1M, how will capital allocation balance growth reinvestment against $0 in total debt?
  • Key Question #3: How sensitive is FORR's equity valuation to Industrials capital spending cycles and macro interest-rate shifts (Beta 1.00x)?

FORR Live News Feed, Press Releases & Catalyst Wire

Real-time company headlines, analyst actions, and sector developments for Forrester Research Inc. (FORR) • Click "Debate This Headline" to argue it in the Roar Pit below

💬 Jump to FORR Debate Forum (3) ↓
🔥 THE ROAR PIT • LIVE COMMUNITY DEBATE 3 Active Posts & Replies

FORR Bull vs. Bear Conversation Board — What's Your Call at $9.85?

🐂 67% BULLISH CONVICTION COMMUNITY TUG-OF-WAR ON FORR 🐻 33% BEARISH CONVICTION
1. Pick Your Side on FORR:
💡 Tip: Back up your call with a price target or RQD metric to get upvoted to the top.
DE DeltaGamma_99 RQD DEBATE OPENER • Options Flow Specialist 🐂 BULLISH 🎯 Target: $12.99 (+18.0%)
📌 Pinned Debate

Positive FY 2025 free cash flow of $18.1M and an FCF yield of 7.8% against a price of 12.18 near the upper end of its 52-week range.

Here is why I am bullish on FORR here at $11.01: Positive FY 2025 free cash flow of $18.1M and an FCF yield of 7.8% against a price of 12.18 near the upper end of its 52-week range.. Compare FORR's -28.5% operating margin and -35.0% ROIC against the rest of Diversified Commercial Services. As long as cash conversion holds up, dips toward $10.46 are getting bought.

SectorRotator 🐂 BULL

@DeltaGamma_99 Agree on the RQD 48/100 quality, though with 1.0 beta I'm scaling in with half-size at $11.01 and keeping dry powder in case we test $10.24.

SH ShortSeller_Dan RQD DEBATE OPENER • Forensic Short Bias 🐻 BEARISH 🎯 Target: $8.81 (-20.0%)
Spot @ $11.01

Negative ROIC of -35%, operating margin of -28.5%, and an Altman Z-Score of 0.66 signal weak fundamentals and balance-sheet strain.

Negative ROIC of -35%, operating margin of -28.5%, and an Altman Z-Score of 0.66 signal weak fundamentals and balance-sheet strain.. Look at the math on FORR: paying current EV/EBITDA multiples for -35.0% ROIC and -28.5% operating margins leaves zero margin of safety if Diversified Commercial Services demand softens. I'd wait for a retest of $9.69 before getting long.

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