StockNews.com upgraded shares of Forrester Research (NASDAQ:FORR - Free Report) from a hold rating to a buy rating in a report released on Saturday.
Forrester Research Stock Performance
Shares of NASDAQ FORR traded down $0.36 during midday trading on Friday, hitting $16.11. The company's stock had a trading volume of 50,927 shares, compared to its average volume of 112,332. The firm has a market cap of $306.09 million, a P/E ratio of -46.03, a P/E/G ratio of 1.36 and a beta of 0.90. Forrester Research has a 1-year low of $14.38 and a 1-year high of $27.89. The firm's fifty day moving average price is $16.24 and its 200-day moving average price is $17.31. The company has a debt-to-equity ratio of 0.15, a quick ratio of 0.98 and a current ratio of 0.98.
Hedge Funds Weigh In On Forrester Research
Several institutional investors have recently modified their holdings of FORR. Barclays PLC grew its holdings in Forrester Research by 71.1% in the 3rd quarter. Barclays PLC now owns 44,090 shares of the technology company's stock worth $794,000 after buying an additional 18,319 shares in the last quarter. M&T Bank Corp boosted its position in Forrester Research by 29.9% during the 3rd quarter. M&T Bank Corp now owns 99,969 shares of the technology company's stock worth $1,800,000 after acquiring an additional 22,984 shares during the period. State Street Corp grew its stake in shares of Forrester Research by 1.0% in the third quarter. State Street Corp now owns 253,181 shares of the technology company's stock worth $4,560,000 after purchasing an additional 2,589 shares in the last quarter. Hotchkis & Wiley Capital Management LLC acquired a new position in shares of Forrester Research during the third quarter valued at $3,119,000. Finally, ArrowMark Colorado Holdings LLC raised its stake in shares of Forrester Research by 3.5% during the third quarter. ArrowMark Colorado Holdings LLC now owns 784,521 shares of the technology company's stock valued at $14,129,000 after purchasing an additional 26,810 shares in the last quarter. 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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