Forrester Research Director Sells $422,875 in Stock (FORR)
Forrester Research (NASDAQ:FORR) Director Robert Galford sold 12,500 shares of the company’s stock on the open market in a transaction that occurred on Friday, September 13th. The stock was sold at an average price of $33.83, for a total transaction of $422,875.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link.
Separately, analysts at Zacks downgraded shares of Forrester Research (NASDAQ:FORR) from an “outperform” rating to a “neutral” rating in a research note to investors on Monday, July 1st. They now have a $39.10 price target on the stock.
Four analysts have rated the stock with a hold rating, Forrester Research has an average rating of “Hold” and an average target price of $32.78.
Shares of Forrester Research (NASDAQ:FORR) traded up 1.50% during mid-day trading on Friday, hitting $33.85. 23,452 shares of the company’s stock traded hands. Forrester Research has a one year low of $24.88 and a one year high of $39.77. The stock’s 50-day moving average is $34. and its 200-day moving average is $34.56. The company has a market cap of $683.8 million and a price-to-earnings ratio of 32.86.
Forrester Research (NASDAQ:FORR) last issued its quarterly earnings data on Wednesday, July 24th. The company reported $0.31 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.24 by $0.07. The company had revenue of $78.20 million for the quarter, compared to the consensus estimate of $77.95 million. During the same quarter in the previous year, the company posted $0.36 earnings per share. The company’s revenue for the quarter was down 1.1% on a year-over-year basis. On average, analysts predict that Forrester Research will post $0.86 earnings per share for the current fiscal year.
Forrester Research, Inc (NASDAQ:FORR) is an independent research company.
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