Forrester Research, Inc. (NASDAQ:FORR) has been given a consensus broker rating score of 3.00 (Hold) from the two brokers that cover the company, Zacks Investment Research reports. Two research analysts have rated the stock with a hold recommendation. Forrester Research’s rating score has declined by 28.8% in the last 90 days as a result of a number of analysts’ upgrades and downgrades.
Zacks has also given Forrester Research an industry rank of 118 out of 265 based on the ratings given to related companies.
A number of equities analysts have recently commented on FORR shares. Zacks Investment Research cut shares of Forrester Research from a “strong-buy” rating to a “hold” rating in a report on Tuesday, December 26th. BidaskClub cut shares of Forrester Research from a “buy” rating to a “hold” rating in a report on Saturday, January 6th.
A number of institutional investors and hedge funds have recently made changes to their positions in FORR. BNP Paribas Arbitrage SA grew its stake in shares of Forrester Research by 51.7% during the 2nd quarter. BNP Paribas Arbitrage SA now owns 3,082 shares of the technology company’s stock worth $121,000 after purchasing an additional 1,051 shares during the period. Municipal Employees Retirement System of Michigan grew its stake in shares of Forrester Research by 59.8% during the 3rd quarter. Municipal Employees Retirement System of Michigan now owns 3,660 shares of the technology company’s stock worth $153,000 after purchasing an additional 1,370 shares during the period. QS Investors LLC grew its stake in shares of Forrester Research by 9.7% during the 2nd quarter. QS Investors LLC now owns 6,130 shares of the technology company’s stock worth $240,000 after purchasing an additional 544 shares during the period. Acadian Asset Management LLC grew its stake in shares of Forrester Research by 90.5% during the 4th quarter. Acadian Asset Management LLC now owns 6,815 shares of the technology company’s stock worth $301,000 after purchasing an additional 3,238 shares during the period. Finally, BlueCrest Capital Management Ltd acquired a new position in shares of Forrester Research during the 2nd quarter worth $307,000. 54.44% of the stock is currently owned by institutional investors.
Shares of Forrester Research (NASDAQ:FORR) traded up $0.35 during trading on Monday, hitting $45.60. 33,900 shares of the stock were exchanged, compared to its average volume of 40,192. The firm has a market cap of $819.66, a PE ratio of 44.27, a price-to-earnings-growth ratio of 3.65 and a beta of 0.46. Forrester Research has a fifty-two week low of $34.95 and a fifty-two week high of $47.75.
Forrester Research (NASDAQ:FORR) last announced its earnings results on Wednesday, October 25th. The technology company reported $0.31 EPS for the quarter, beating analysts’ consensus estimates of $0.24 by $0.07. The business had revenue of $80.40 million for the quarter, compared to analysts’ expectations of $78.92 million. Forrester Research had a net margin of 5.70% and a return on equity of 13.80%. The company’s quarterly revenue was up 3.9% on a year-over-year basis. During the same period in the previous year, the company posted $0.32 EPS. sell-side analysts forecast that Forrester Research will post 0.92 earnings per share for the current fiscal year.
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About Forrester Research
Forrester Research, Inc (Forrester) is an independent research, data, and advisory services firm. The Company offers research, data, advisory and related services that are thematic, prescriptive and executable, and that provide a perspective on the changing business environment. Its segments include Research, Product and Project Consulting.
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