Forrester Research (NASDAQ:FORR - Get Free Report) was upgraded by analysts at StockNews.com from a "hold" rating to a "buy" rating in a note issued to investors on Wednesday.
Forrester Research Price Performance
NASDAQ FORR traded up $0.06 during trading on Wednesday, reaching $16.76. 59,931 shares of the company traded hands, compared to its average volume of 114,418. The company has a debt-to-equity ratio of 0.15, a quick ratio of 0.98 and a current ratio of 0.98. The stock's 50 day moving average price is $16.24 and its two-hundred day moving average price is $17.38. The company has a market cap of $318.44 million, a price-to-earnings ratio of -47.89, a P/E/G ratio of 1.40 and a beta of 0.90. Forrester Research has a 1-year low of $14.38 and a 1-year high of $27.89.
Institutional Inflows and Outflows
Institutional investors have recently bought and sold shares of the stock. ArrowMark Colorado Holdings LLC raised its position in shares of Forrester Research by 3.5% during the 3rd quarter. ArrowMark Colorado Holdings LLC now owns 784,521 shares of the technology company's stock valued at $14,129,000 after acquiring an additional 26,810 shares during the last quarter. Millennium Management LLC raised its position in shares of Forrester Research by 134.7% during the 2nd quarter. Millennium Management LLC now owns 274,440 shares of the technology company's stock valued at $4,687,000 after acquiring an additional 157,510 shares during the last quarter. Ballentine Partners LLC raised its position in shares of Forrester Research by 1.7% during the 3rd quarter. Ballentine Partners LLC now owns 254,399 shares of the technology company's stock valued at $4,582,000 after acquiring an additional 4,342 shares during the last quarter. State Street Corp raised its position in shares of Forrester Research by 1.0% during the 3rd quarter. State Street Corp now owns 253,181 shares of the technology company's stock valued at $4,560,000 after acquiring an additional 2,589 shares during the last quarter. Finally, Acadian Asset Management LLC grew its holdings in shares of Forrester Research by 511.8% in the 2nd quarter. Acadian Asset Management LLC now owns 230,848 shares of the technology company's stock valued at $3,940,000 after buying an additional 193,116 shares during the period. Institutional investors own 55.20% of the company's stock.
Forrester Research Company Profile
(
Get Free Report)
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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