Forrester Research (NASDAQ:FORR) Stock Rating Upgraded by StockNews.com

Forrester Research (NASDAQ:FORR) was upgraded by equities research analysts at StockNews.com from a “hold” rating to a “buy” rating in a report issued on Thursday.

Forrester Research Stock Down 1.2 %

Shares of Forrester Research stock opened at $19.26 on Thursday. The company has a debt-to-equity ratio of 0.15, a quick ratio of 0.90 and a current ratio of 0.90. The stock has a market capitalization of $373.45 million, a PE ratio of 113.29, a price-to-earnings-growth ratio of 1.38 and a beta of 0.91. Forrester Research has a 52-week low of $18.64 and a 52-week high of $34.00. The company has a 50-day simple moving average of $20.70 and a two-hundred day simple moving average of $24.26.

Forrester Research (NASDAQ:FORR) last issued its earnings results on Thursday, February 8th. The technology company reported $0.09 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.11 by ($0.02). The firm had revenue of $118.09 million during the quarter, compared to analysts’ expectations of $116.43 million. Forrester Research had a return on equity of 10.77% and a net margin of 0.63%. On average, analysts anticipate that Forrester Research will post 1.04 EPS for the current fiscal year.

Insider Activity

In related news, Director Robert Galford sold 13,000 shares of the business’s stock in a transaction that occurred on Tuesday, February 13th. The shares were sold at an average price of $20.73, for a total transaction of $269,490.00. Following the completion of the sale, the director now directly owns 20,489 shares in the company, valued at $424,736.97. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 39.50% of the stock is owned by corporate insiders.

Institutional Trading of Forrester Research

Large investors have recently added to or reduced their stakes in the business. Total Clarity Wealth Management Inc. grew its position in Forrester Research by 135.9% during the fourth quarter. Total Clarity Wealth Management Inc. now owns 16,795 shares of the technology company’s stock valued at $450,000 after buying an additional 9,674 shares during the period. Swiss National Bank boosted its position in shares of Forrester Research by 2.8% in the third quarter. Swiss National Bank now owns 25,350 shares of the technology company’s stock worth $733,000 after purchasing an additional 700 shares during the period. M&T Bank Corp boosted its position in shares of Forrester Research by 20.2% in the third quarter. M&T Bank Corp now owns 57,573 shares of the technology company’s stock worth $1,664,000 after purchasing an additional 9,656 shares during the period. Barclays PLC boosted its position in shares of Forrester Research by 22.2% in the third quarter. Barclays PLC now owns 16,191 shares of the technology company’s stock worth $468,000 after purchasing an additional 2,942 shares during the period. Finally, Vanguard Group Inc. boosted its position in shares of Forrester Research by 0.5% in the third quarter. Vanguard Group Inc. now owns 1,389,683 shares of the technology company’s stock worth $40,162,000 after purchasing an additional 7,316 shares during the period. 55.20% of the stock is currently owned by institutional investors.

Forrester Research Company Profile

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.