Sidoti upgraded shares of Forrester Research (NASDAQ:FORR - Free Report) to a hold rating in a report released on Wednesday, February 12th,Zacks.com reports.
Separately, StockNews.com upgraded Forrester Research from a "hold" rating to a "buy" rating in a research note on Saturday, December 14th.
View Our Latest Research Report on Forrester Research
Forrester Research Stock Performance
Forrester Research stock traded down $0.21 during trading on Wednesday, hitting $12.51. The stock had a trading volume of 116,274 shares, compared to its average volume of 60,996. Forrester Research has a 1 year low of $11.79 and a 1 year high of $21.91. The company has a quick ratio of 0.98, a current ratio of 0.98 and a debt-to-equity ratio of 0.15. The stock's 50 day moving average is $15.01 and its two-hundred day moving average is $16.41. The stock has a market cap of $237.69 million, a price-to-earnings ratio of -41.70, a price-to-earnings-growth ratio of 1.32 and a beta of 0.91.
Institutional Investors Weigh In On Forrester Research
A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Squarepoint Ops LLC raised its holdings in Forrester Research by 23.0% during the 4th quarter. Squarepoint Ops LLC now owns 12,944 shares of the technology company's stock valued at $203,000 after acquiring an additional 2,418 shares during the period. Millennium Management LLC raised its holdings in Forrester Research by 57.1% during the 4th quarter. Millennium Management LLC now owns 120,713 shares of the technology company's stock valued at $1,892,000 after acquiring an additional 43,851 shares during the period. Invenomic Capital Management LP bought a new stake in Forrester Research during the 4th quarter valued at $2,532,000. D. E. Shaw & Co. Inc. raised its holdings in Forrester Research by 17.6% during the 4th quarter. D. E. Shaw & Co. Inc. now owns 99,455 shares of the technology company's stock valued at $1,558,000 after acquiring an additional 14,852 shares during the period. Finally, Ameriprise Financial Inc. raised its holdings in Forrester Research by 60.8% during the 4th quarter. Ameriprise Financial Inc. now owns 35,800 shares of the technology company's stock valued at $561,000 after acquiring an additional 13,530 shares during the period. Institutional investors own 55.20% of the company's stock.
Forrester Research Company Profile
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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.
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