36,013 Shares in Forrester Research, Inc. $FORR Bought by Worth Venture Partners LLC

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 bought 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 13F filing with the Securities & Exchange Commission. The institutional investor bought 36,013 shares of the technology company's stock, valued at approximately $333,000. Forrester Research comprises approximately 0.6% of Worth Venture Partners LLC's investment portfolio, making the stock its 14th biggest position. Worth Venture Partners LLC owned approximately 0.19% of Forrester Research as of its most recent SEC filing.

Other large investors have also added to or reduced their stakes in the company. Tower Research Capital LLC TRC boosted its holdings in Forrester Research by 50.1% during the fourth quarter. Tower Research Capital LLC TRC now owns 3,455 shares of the technology company's stock worth $54,000 after purchasing an additional 1,153 shares during the last quarter. Aquatic Capital Management LLC boosted its holdings in Forrester Research by 63.6% during the fourth quarter. Aquatic Capital Management LLC now owns 5,563 shares of the technology company's stock worth $87,000 after purchasing an additional 2,163 shares during the last quarter. Wells Fargo & Company MN increased its holdings in Forrester Research by 27.8% during the fourth 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 last quarter. AlphaQuest LLC increased its holdings in Forrester Research by 45.9% during the first 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 last quarter. Finally, Squarepoint Ops LLC increased its holdings in Forrester Research by 23.0% during the fourth 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 last quarter. Institutional investors and hedge funds own 55.20% of the company's stock.

Analyst Upgrades and Downgrades

Separately, Wall Street Zen upgraded shares of Forrester Research from a "hold" rating to a "buy" rating in a report on Thursday, May 22nd. One equities research analyst has rated the stock with a Hold rating, Based on data from MarketBeat.com, the stock currently has a consensus rating of "Hold".

Forrester Research Trading Up 6.2%

Shares of Forrester Research stock opened at $10.06 on Monday. The business has a fifty day simple moving average of $10.04 and a two-hundred day simple moving average of $10.31. Forrester Research, Inc. has a 1 year low of $8.50 and a 1 year high of $19.74. The company has a market capitalization of $191.74 million, a price-to-earnings ratio of -2.14, a P/E/G ratio of 0.92 and a beta of 0.94. The company has a debt-to-equity ratio of 0.22, a current ratio of 1.09 and a quick ratio of 1.09.

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.

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