Zacks: Forrester Research, Inc. (FORR) Given Average Rating of “Hold” by Analysts

Forrester Research, Inc. (NASDAQ:FORR) has been given an average broker rating score of 3.00 (Hold) from the two brokers that provide coverage for the stock, Zacks Investment Research reports. Two investment analysts have rated the stock with a hold rating.

Zacks has also assigned Forrester Research an industry rank of 123 out of 265 based on the ratings given to related companies.

A number of equities research analysts have recently issued reports on FORR shares. Zacks Investment Research raised Forrester Research from a “hold” rating to a “buy” rating and set a $51.00 target price on the stock in a research report on Monday, October 30th. BidaskClub downgraded shares of Forrester Research from a “strong-buy” rating to a “buy” rating in a research note on Tuesday, December 12th.

Forrester Research (NASDAQ FORR) traded down $0.30 during mid-day trading on Wednesday, reaching $42.10. The company’s stock had a trading volume of 7,574 shares, compared to its average volume of 40,709. Forrester Research has a 52 week low of $34.95 and a 52 week high of $47.75. The stock has a market cap of $757.65, a P/E ratio of 40.78, a PEG ratio of 3.38 and a beta of 0.39.

In related news, Director George Hornig sold 11,530 shares of the firm’s stock in a transaction dated Tuesday, November 28th. The shares were sold at an average price of $46.62, for a total value of $537,528.60. Following the transaction, the director now owns 18,921 shares of the company’s stock, valued at approximately $882,097.02. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, Director Gretchen Teichgraeber sold 1,000 shares of the firm’s stock in a transaction dated Friday, December 15th. The stock was sold at an average price of $45.00, for a total transaction of $45,000.00. Following the completion of the transaction, the director now directly owns 8,770 shares in the company, valued at approximately $394,650. The disclosure for this sale can be found here. In the last three months, insiders sold 23,455 shares of company stock worth $1,085,922. Insiders own 44.30% of the company’s stock.

Hedge funds and other institutional investors have recently bought and sold shares of the business. Ballentine Partners LLC increased its stake in Forrester Research by 50.0% in the 4th quarter. Ballentine Partners LLC now owns 750,037 shares of the technology company’s stock valued at $33,152,000 after buying an additional 250,000 shares during the last quarter. Cigna Investments Inc. New boosted its holdings in shares of Forrester Research by 70.5% in the fourth quarter. Cigna Investments Inc. New now owns 9,963 shares of the technology company’s stock valued at $440,000 after acquiring an additional 4,120 shares during the period. Assenagon Asset Management S.A. acquired a new stake in shares of Forrester Research in the fourth quarter valued at approximately $1,891,000. First Quadrant L P CA boosted its holdings in shares of Forrester Research by 75.9% in the fourth quarter. First Quadrant L P CA now owns 9,549 shares of the technology company’s stock valued at $422,000 after acquiring an additional 4,120 shares during the period. Finally, GW&K Investment Management LLC boosted its holdings in shares of Forrester Research by 40.9% in the fourth quarter. GW&K Investment Management LLC now owns 139,034 shares of the technology company’s stock valued at $6,145,000 after acquiring an additional 40,358 shares during the period. 54.93% of the stock is currently owned by institutional investors and hedge funds.

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Forrester Research Company Profile

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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