Forrester Research (NASDAQ:FORR) Stock Crosses Above 200 Day Moving Average of $18.76

Forrester Research, Inc. (NASDAQ:FORR - Get Free Report) shares crossed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $18.76 and traded as high as $19.00. Forrester Research shares last traded at $18.39, with a volume of 79,226 shares changing hands.

Analysts Set New Price Targets

Separately, StockNews.com lowered Forrester Research from a "buy" rating to a "hold" rating in a research note on Wednesday, July 17th.

Forrester Research Stock Down 2.0 %

The company has a debt-to-equity ratio of 0.15, a quick ratio of 0.91 and a current ratio of 0.91. The company has a market cap of $344.31 million, a P/E ratio of 600.67, a price-to-earnings-growth ratio of 1.49 and a beta of 0.91. The business's fifty day moving average is $18.20 and its two-hundred day moving average is $18.76.

Forrester Research (NASDAQ:FORR - Get Free Report) last posted its quarterly earnings results on Tuesday, July 30th. The technology company reported $0.47 earnings per share for the quarter, missing the consensus estimate of $0.56 by ($0.09). Forrester Research had a net margin of 0.32% and a return on equity of 6.52%. Equities analysts predict that Forrester Research, Inc. will post 0.95 EPS for the current year.

Insiders Place Their Bets

In other Forrester Research news, insider Ryan Darrah sold 3,895 shares of the stock in a transaction dated Monday, August 5th. The shares were sold at an average price of $18.26, for a total transaction of $71,122.70. Following the transaction, the insider now directly owns 19,640 shares in the company, valued at approximately $358,626.40. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Company insiders own 39.20% of the company's stock.

Institutional Trading of Forrester Research

A number of hedge funds have recently bought and sold shares of the stock. Acadian Asset Management LLC bought a new position in shares of Forrester Research in the 1st quarter worth $812,000. Assenagon Asset Management S.A. purchased a new position in Forrester Research in the second quarter valued at about $995,000. Wellington Management Group LLP bought a new position in Forrester Research in the fourth quarter worth about $2,327,000. Quadrature Capital Ltd bought a new position in Forrester Research in the first quarter worth about $315,000. Finally, State Board of Administration of Florida Retirement System purchased a new stake in shares of Forrester Research during the first quarter valued at about $186,000. 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.