Acuitas Investments LLC purchased a new position in Forrester Research, Inc. (NASDAQ:FORR - Free Report) in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor purchased 46,120 shares of the technology company's stock, valued at approximately $426,000. Acuitas Investments LLC owned 0.24% of Forrester Research at the end of the most recent reporting period.
A number of other institutional investors have also added to or reduced their stakes in the stock. Invenomic Capital Management LP bought a new position in shares of Forrester Research during the fourth quarter worth $2,532,000. JPMorgan Chase & Co. lifted its stake in Forrester Research by 1,969.7% in the 4th quarter. JPMorgan Chase & Co. now owns 108,204 shares of the technology company's stock worth $1,696,000 after purchasing an additional 102,976 shares in the last quarter. Pacific Ridge Capital Partners LLC boosted its holdings in shares of Forrester Research by 39.8% during the 4th quarter. Pacific Ridge Capital Partners LLC now owns 181,158 shares of the technology company's stock valued at $2,839,000 after purchasing an additional 51,618 shares during the last quarter. Federated Hermes Inc. grew its position in shares of 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 in the last quarter. Finally, Portolan Capital Management LLC increased its holdings in shares of Forrester Research by 21.7% in the fourth quarter. Portolan Capital Management LLC now owns 251,473 shares of the technology company's stock worth $3,941,000 after purchasing an additional 44,874 shares during the last quarter. 55.20% of the stock is owned by hedge funds and other institutional investors.
Analyst Ratings Changes
Separately, Wall Street Zen raised Forrester Research from a "hold" rating to a "buy" rating in a research note on Thursday, May 22nd.
View Our Latest Stock Analysis on Forrester Research
Forrester Research Price Performance
Forrester Research stock traded up $0.63 during mid-day trading on Friday, reaching $10.81. 26,363 shares of the company's stock traded hands, compared to its average volume of 74,580. The company has a market cap of $206.04 million, a price-to-earnings ratio of -2.37, a PEG ratio of 1.03 and a beta of 0.96. Forrester Research, Inc. has a 12-month low of $8.50 and a 12-month high of $20.62. The stock has a 50 day moving average of $10.21 and a two-hundred day moving average of $11.59. The company has a quick ratio of 0.98, a current ratio of 0.98 and a debt-to-equity ratio of 0.24.
About Forrester Research
(
Free Report)
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.
See Also
Before you consider Forrester Research, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Forrester Research wasn't on the list.
While Forrester Research currently has a Hold rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Enter your email address and we'll send you MarketBeat's guide to investing in 5G and which 5G stocks show the most promise.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
