Forrester Research (NASDAQ:FORR) Upgraded at StockNews.com

StockNews.com upgraded shares of Forrester Research (NASDAQ:FORR) from a hold rating to a buy rating in a research note issued to investors on Thursday.

Forrester Research Stock Performance

Shares of NASDAQ FORR opened at $17.08 on Thursday. The company has a 50-day simple moving average of $17.94 and a 200-day simple moving average of $21.10. The company has a debt-to-equity ratio of 0.15, a current ratio of 0.91 and a quick ratio of 0.91. The company has a market cap of $326.35 million, a PE ratio of 569.33, a price-to-earnings-growth 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 released its earnings results on Tuesday, April 30th. The technology company reported ($0.03) EPS for the quarter, missing the consensus estimate of $0.09 by ($0.12). Forrester Research had a return on equity of 9.30% and a net margin of 0.10%. The firm had revenue of $100.08 million during the quarter, compared to analysts’ expectations of $104.21 million. On average, equities analysts anticipate that Forrester Research will post 1.04 earnings per share for the current year.

Institutional Trading of Forrester Research

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Vanguard Group Inc. boosted its holdings in shares of Forrester Research by 0.5% in the 3rd quarter. Vanguard Group Inc. now owns 1,389,683 shares of the technology company’s stock valued at $40,162,000 after purchasing an additional 7,316 shares during the last quarter. Kent Lake Capital LLC purchased a new position in shares of Forrester Research in the 1st quarter worth about $11,473,000. Wellington Management Group LLP acquired a new position in shares of Forrester Research in the 4th quarter valued at about $2,327,000. Advisors Preferred LLC purchased a new stake in shares of Forrester Research during the 1st quarter worth about $1,428,000. Finally, M&T Bank Corp increased its position in Forrester Research by 18.9% during the 4th quarter. M&T Bank Corp now owns 68,482 shares of the technology company’s stock worth $1,836,000 after purchasing an additional 10,909 shares in the last quarter. Hedge funds and other 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.