Worth Venture Partners LLC Purchases Shares of 36,013 Forrester Research, Inc. $FORR

Key Points

• Worth Venture Partners LLC has acquired 36,013 shares of Forrester Research, valued at approximately $333,000, making it the firm's 14th largest investment position.
• Several institutional investors, including Tower Research Capital and Aquatic Capital Management, have recently increased their stakes in Forrester Research by significant percentages.
• Wall Street Zen has upgraded Forrester Research's rating from "hold" to "buy," indicating an improving outlook for the stock.

Worth Venture Partners LLC purchased a new position in shares of Forrester Research, Inc. (NASDAQ:FORR - Free Report) in the 1st quarter, according to the company in its most recent filing with the SEC. The fund purchased 36,013 shares of the technology company's stock, valued at approximately $333,000. Forrester Research accounts for approximately 0.6% of Worth Venture Partners LLC's holdings, making the stock its 14th biggest position. Worth Venture Partners LLC owned about 0.19% of Forrester Research at the end of the most recent quarter.

Other institutional investors also recently modified their holdings of the company. Tower Research Capital LLC TRC grew its position in shares of Forrester Research by 50.1% during the 4th quarter. Tower Research Capital LLC TRC now owns 3,455 shares of the technology company's stock worth $54,000 after buying an additional 1,153 shares during the period. Aquatic Capital Management LLC grew its position in shares of Forrester Research by 63.6% during the 4th quarter. Aquatic Capital Management LLC now owns 5,563 shares of the technology company's stock worth $87,000 after buying an additional 2,163 shares during the period. Wells Fargo & Company MN grew its position in shares of Forrester Research by 27.8% during the 4th quarter. Wells Fargo & Company MN now owns 6,880 shares of the technology company's stock worth $108,000 after buying an additional 1,497 shares during the period. AlphaQuest LLC grew its position in shares of Forrester Research by 45.9% during the 1st quarter. AlphaQuest LLC now owns 14,264 shares of the technology company's stock worth $132,000 after buying an additional 4,485 shares during the period. Finally, Squarepoint Ops LLC grew its position in shares of Forrester Research by 23.0% during the 4th quarter. Squarepoint Ops LLC now owns 12,944 shares of the technology company's stock worth $203,000 after buying an additional 2,418 shares during the period. Institutional investors and hedge funds own 55.20% of the company's stock.

Forrester Research Trading Up 0.8%

Forrester Research stock traded up $0.08 during midday trading on Friday, hitting $9.74. 92,312 shares of the stock were exchanged, compared to its average volume of 98,395. The company has a fifty day simple moving average of $10.04 and a two-hundred day simple moving average of $10.17. Forrester Research, Inc. has a 52 week low of $8.50 and a 52 week high of $19.74. The stock has a market capitalization of $185.64 million, a PE ratio of -2.07, a P/E/G ratio of 0.89 and a beta of 0.94. The company has a quick ratio of 1.09, a current ratio of 1.09 and a debt-to-equity ratio of 0.22.

Wall Street Analyst Weigh In

Separately, Wall Street Zen upgraded shares of Forrester Research from a "hold" rating to a "buy" rating in a research report on Thursday, May 22nd. One research analyst has rated the stock with a Hold rating, According to MarketBeat, the stock presently has an average rating of "Hold".

Forrester Research 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.