Acuitas Investments LLC Takes $426,000 Position in Forrester Research, Inc. (NASDAQ:FORR)

Acuitas Investments LLC purchased a new stake in shares of Forrester Research, Inc. (NASDAQ:FORR - Free Report) during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 46,120 shares of the technology company's stock, valued at approximately $426,000. Acuitas Investments LLC owned approximately 0.24% of Forrester Research at the end of the most recent quarter.

Other large investors have also recently bought and sold shares of the company. Invenomic Capital Management LP acquired a new stake in shares of Forrester Research during the 4th quarter valued at $2,532,000. JPMorgan Chase & Co. raised its holdings in shares of Forrester Research by 1,969.7% during the fourth quarter. JPMorgan Chase & Co. now owns 108,204 shares of the technology company's stock worth $1,696,000 after acquiring an additional 102,976 shares in the last quarter. Pacific Ridge Capital Partners LLC raised its holdings in shares of Forrester Research by 39.8% during the fourth quarter. Pacific Ridge Capital Partners LLC now owns 181,158 shares of the technology company's stock worth $2,839,000 after acquiring an additional 51,618 shares in the last quarter. Federated Hermes Inc. boosted its position in Forrester Research by 89.2% during the fourth quarter. Federated Hermes Inc. now owns 100,099 shares of the technology company's stock valued at $1,569,000 after purchasing an additional 47,183 shares during the last quarter. Finally, Portolan Capital Management LLC boosted its position in Forrester Research by 21.7% during the fourth quarter. Portolan Capital Management LLC now owns 251,473 shares of the technology company's stock valued at $3,941,000 after purchasing an additional 44,874 shares during the last quarter. 55.20% of the stock is owned by institutional investors and hedge funds.

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 note on Thursday, May 22nd.

Forrester Research Stock Performance

Forrester Research stock traded up $0.63 on Thursday, reaching $10.81. 26,363 shares of the stock were exchanged, compared to its average volume of 74,765. The company has a current ratio of 0.98, a quick ratio of 0.98 and a debt-to-equity ratio of 0.24. Forrester Research, Inc. has a twelve month low of $8.50 and a twelve month high of $20.62. The firm has a fifty day moving average price of $10.20 and a two-hundred day moving average price of $11.65. The stock has a market cap of $206.04 million, a PE ratio of -2.37, a PEG ratio of 0.97 and a beta of 0.96.

About Forrester Research

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.