Forrester Research (NASDAQ:FORR) is trading above its two hundred day moving average of $18.76

Shares of Forrester Research, Inc. (NASDAQ:FORR – Get Free Report ) broke above its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of $18.76 and has traded as high as $19.00. Shares of Forrester Research last traded at $18.39, with a volume of 79,226 shares traded.

Changes in Analyst Ratings

Separately, StockNews.com cut Forrester Research from a “buy” rating to a “hold” rating in a report on Wednesday, July 17th.

Check out our latest analysis on Forrester Research

Stock Performance Forrester Research

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 stock has a market cap of $351.38 million, a PE ratio of 613.00, a P/E/G ratio of 1.49 and a beta of 0.91. The company’s 50-day moving average is $18.20, and its two-hundred-day moving average is $18.76.

Forrester Research (NASDAQ:FORR – Get Your Free Report ) last announced its quarterly earnings data on Tuesday, July 30th. The technology company reported $0.47 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.56 by ($0.09). Forrester Research had a net margin of 0.32% and a return on equity of 6.52%. As a group, research analysts predict that Forrester Research, Inc. will post 0.95 earnings per share for the current year.

Insider work at Forrester Research

In other Forrester Research news, insider Ryan Darrah sold 3,895 shares of Forrester Research stock in a transaction dated Monday, August 5th. The shares were sold at an average price of $18.26, for a total transaction of $71,122.70. Following the completion of the sale, the insider now directly owns 19,640 shares of the company’s stock, valued at approximately $358,626.40. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed via this link. 39.20% of shares are owned by corporate insiders.

Institutional investors weigh in on Forrester research

A number of institutional investors and hedge funds have recently added to or reduced their stakes in FORR. Acadian Asset Management LLC purchased a new stake in Forrester Research in the first quarter valued at $812,000. Assenagon Asset Management SA acquired a new stake in shares of Forrester Research in the second quarter valued at about $995,000. Wellington Management Group LLP purchased a new stake in shares of Forrester Research during the fourth quarter valued at about $2,327,000. Quadrature Capital Ltd acquired a new position in shares of Forrester Research in the first quarter worth about $315,000. Finally, State Board of Administration of Florida Retirement System acquired a new position in Forrester Research in the first quarter valued at about $186,000. Hedge funds and other institutional investors own 55.20% of the company’s shares.

Forrester Research Company Profile

(Get a free report)

Forrester Research, Inc. operates as an independent research and consulting firm in the United States and internationally. The company operates in three segments: Research, Consulting and Events. Key subscription research services for the Research segment 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.

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