Forrester Research (NASDAQ:FORR) Stock Rating Upgraded by StockNews.com

Forrester Research (NASDAQ:FORR) was upgraded by analysts at StockNews.com from a “hold” rating to a “buy” rating in a report issued on Thursday.

Forrester Research Stock Down 0.4 %

Forrester Research stock traded down $0.06 during mid-day trading on Thursday, reaching $16.90. 125,088 shares of the company were exchanged, compared to its average volume of 139,689. The business has a fifty day moving average of $17.97 and a 200 day moving average of $21.18. The company has a debt-to-equity ratio of 0.15, a quick ratio of 0.91 and a current ratio of 0.91. The firm has a market cap of $322.96 million, a P/E ratio of 563.33, a PEG ratio of 1.20 and a beta of 0.92. Forrester Research has a 12-month low of $16.14 and a 12-month high of $32.79.

Forrester Research (NASDAQ:FORR) last posted its earnings results on Tuesday, April 30th. The technology company reported ($0.03) earnings per share for the quarter, missing analysts’ consensus estimates of $0.09 by ($0.12). Forrester Research had a return on equity of 9.30% and a net margin of 0.10%. The company had revenue of $100.08 million for the quarter, compared to analysts’ expectations of $104.21 million. Research analysts anticipate that Forrester Research will post 1.04 earnings per share for the current fiscal year.

Institutional Trading of Forrester Research

Hedge funds and other institutional investors have recently made changes to their positions in the business. PNC Financial Services Group Inc. increased its position in shares of Forrester Research by 52.3% in the 4th quarter. PNC Financial Services Group Inc. now owns 1,553 shares of the technology company’s stock valued at $42,000 after acquiring an additional 533 shares during the period. Wedge Capital Management L L P NC increased its position in shares of Forrester Research by 2.4% in the 4th quarter. Wedge Capital Management L L P NC now owns 25,456 shares of the technology company’s stock valued at $682,000 after acquiring an additional 593 shares during the period. Swiss National Bank increased its position in shares of Forrester Research by 2.8% in the 3rd quarter. Swiss National Bank now owns 25,350 shares of the technology company’s stock valued at $733,000 after acquiring an additional 700 shares during the period. Quadrature Capital Ltd increased its position in shares of Forrester Research by 5.2% in the 3rd quarter. Quadrature Capital Ltd now owns 15,043 shares of the technology company’s stock valued at $435,000 after acquiring an additional 741 shares during the period. Finally, SG Americas Securities LLC increased its position in shares of Forrester Research by 20.8% in the 4th quarter. SG Americas Securities LLC now owns 4,380 shares of the technology company’s stock valued at $117,000 after acquiring an additional 753 shares during the period. Hedge funds and other institutional investors own 55.20% of the company’s stock.

Forrester Research Company Profile

Forrester Research, Inc operates as an independent research and advisory company in the United States and internationally. The company operates in three segments: Research, Consulting, and Events. The Research segment primary subscription research services include Forrester Decisions, Forrester Research, and SiriusDecisions Research, which are designed to provide business and technology leaders with a proven path to growth through customer obsession.