Forrester Research (NASDAQ:FORR) stock rating was updated by StockNews.com

StockNews.com updated the quotes of Forrester Research (NASDAQ:FORR – Free Report) from a hold rating to a buy rating in a research report on Thursday morning.

Forrester Research Trading Up 3.0%

Shares of Forrester Research stock opened at $19.13 on Thursday. The company has a fifty day simple moving average of $18.39 and a 200 day simple moving average of $18.65. The firm has a market cap of $364.62 million, a price-to-earnings ratio of 637.67, a price-to-earnings-growth ratio of 1.42 and a beta of 0.87. The company has a quick ratio of 0.91, a current ratio of 0.91, and a debt-to-equity ratio of 0.15. Forrester Research has a fifty-two week low of $16.14 and a fifty-two week high of $31.32.

Forrester Research (NASDAQ:FORR – Get Free Report ) last announced its earnings results on Tuesday, July 30th. The technology company reported $0.47 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.56 by ($0.09). The company had revenue of $121.83 million for the quarter, compared to analyst estimates of $121.21 million. Forrester Research had a return on equity of 6.52% and a net margin of 0.32%. On average, equities analysts anticipate that Forrester Research will post 0.95 EPS for the current fiscal year.

Insider Trading at Forrester Research

In other news, insider Ryan Darrah sold 3,895 shares of the company’s 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 sale, the insider now directly owns 19,640 shares of the company’s stock, valued at $358,626.40. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC’s website. 39.20% of shares are owned by insiders.

Institutional investors weigh in on Forrester research

A number of institutional investors have recently bought and sold shares of the company. Acadian Asset Management LLC acquired a new position in Forrester Research in the first quarter valued at approximately $812,000. Assenagon Asset Management SA purchased a new position in Forrester Research in the 2nd quarter valued at approximately $995,000. Wellington Management Group LLP acquired a new position in Forrester Research in the 4th quarter valued at approximately $2,327,000. Quadrature Capital Ltd purchased a new position in Forrester Research in the first quarter valued at about $315,000. Finally, State Board of Administration of Florida Retirement System purchased a new position in Forrester Research during the first quarter valued at about $186,000. 55.20% of the shares are currently owned by institutional investors and hedge funds.

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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