StockNews.com Lowers Forrester Research (NASDAQ:FORR) to Hold

Forrester Research (NASDAQ:FORR) was downgraded by equities researchers at StockNews.com from a “buy” rating to a “hold” rating in a research report issued on Friday.

Forrester Research Trading Up 0.8 %

Forrester Research stock traded up $0.14 during midday trading on Friday, hitting $18.75. 111,677 shares of the stock were exchanged, compared to its average volume of 149,955. The company has a fifty day simple moving average of $20.29 and a two-hundred day simple moving average of $23.94. Forrester Research has a 52 week low of $18.30 and a 52 week high of $33.75. The stock has a market capitalization of $363.64 million, a PE ratio of 110.29, a P/E/G ratio of 1.32 and a beta of 0.91. The company has a quick ratio of 0.90, a current ratio of 0.90 and a debt-to-equity ratio of 0.15.

Forrester Research (NASDAQ:FORR) last announced its quarterly earnings results on Thursday, February 8th. The technology company reported $0.09 earnings per share for the quarter, missing analysts’ consensus estimates of $0.11 by ($0.02). Forrester Research had a net margin of 0.63% and a return on equity of 10.77%. The company had revenue of $118.09 million during the quarter, compared to the consensus estimate of $116.43 million. Equities research analysts anticipate that Forrester Research will post 1.04 EPS for the current fiscal year.

Insider Buying and Selling at Forrester Research

In other Forrester Research news, Director Robert Galford sold 13,000 shares of Forrester Research stock in a transaction that occurred on Tuesday, February 13th. The shares were sold at an average price of $20.73, for a total value of $269,490.00. Following the transaction, the director now owns 20,489 shares of the company’s stock, valued at $424,736.97. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Insiders own 39.20% of the company’s stock.

Institutional Trading of Forrester Research

A number of institutional investors have recently made changes to their positions in the business. PNC Financial Services Group Inc. lifted its position in shares of Forrester Research by 52.3% in the fourth quarter. PNC Financial Services Group Inc. now owns 1,553 shares of the technology company’s stock worth $42,000 after purchasing an additional 533 shares in the last quarter. Wellington Management Group LLP bought a new stake in shares of Forrester Research in the fourth quarter worth $2,327,000. Price T Rowe Associates Inc. MD lifted its position in shares of Forrester Research by 45.8% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 22,271 shares of the technology company’s stock worth $598,000 after purchasing an additional 7,000 shares in the last quarter. GSA Capital Partners LLP bought a new stake in shares of Forrester Research in the fourth quarter worth $1,079,000. Finally, Barclays PLC lifted its position in shares of Forrester Research by 79.8% in the fourth quarter. Barclays PLC now owns 29,107 shares of the technology company’s stock worth $780,000 after purchasing an additional 12,916 shares in the last quarter. Institutional investors own 55.20% of the company’s stock.

About Forrester Research

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.