Pacific Ridge Capital Partners LLC Acquires 34,155 Shares of Forrester Research, Inc. (NASDAQ:FORR)

Key Points

• Pacific Ridge Capital Partners LLC has increased its stake in Forrester Research, purchasing 34,155 additional shares, which raises its ownership to 215,313 shares.
• Multiple institutional investors, including Wells Fargo and Federated Hermes, have also significantly increased their positions in Forrester Research during the fourth quarter.
• Wall Street analysts have upgraded Forrester Research's rating from "hold" to "buy," reflecting positive sentiment about the company's growth prospects.

Pacific Ridge Capital Partners LLC raised its position in shares of Forrester Research, Inc. (NASDAQ:FORR - Free Report) by 18.9% in the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 215,313 shares of the technology company's stock after acquiring an additional 34,155 shares during the period. Pacific Ridge Capital Partners LLC owned approximately 1.13% of Forrester Research worth $1,989,000 at the end of the most recent quarter.

A number of other institutional investors also recently made changes to their positions in FORR. Hsbc Holdings PLC lifted its stake in Forrester Research by 6.5% during the fourth quarter. Hsbc Holdings PLC now owns 13,080 shares of the technology company's stock worth $205,000 after purchasing an additional 802 shares during the last quarter. Tower Research Capital LLC TRC increased its holdings in Forrester Research by 50.1% in the fourth quarter. Tower Research Capital LLC TRC now owns 3,455 shares of the technology company's stock valued at $54,000 after purchasing an additional 1,153 shares during the period. Wells Fargo & Company MN grew its holdings in 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 acquiring an additional 1,497 shares during the period. Aquatic Capital Management LLC grew its holdings in 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 acquiring an additional 2,163 shares during the period. Finally, Squarepoint Ops LLC boosted 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 purchasing an additional 2,418 shares in the last quarter. Institutional investors own 55.20% of the company's stock.

Analyst Upgrades and Downgrades

Separately, Wall Street Zen raised shares of Forrester Research from a "hold" rating to a "buy" rating in a research report on Thursday, May 22nd.

Forrester Research Stock Performance

Shares of NASDAQ:FORR traded down $0.08 during trading on Tuesday, hitting $10.28. 33,658 shares of the company were exchanged, compared to its average volume of 75,561. The company has a market cap of $195.97 million, a PE ratio of -2.19, a P/E/G ratio of 1.04 and a beta of 0.94. Forrester Research, Inc. has a 52-week low of $8.50 and a 52-week high of $19.74. The company has a debt-to-equity ratio of 0.24, a current ratio of 0.98 and a quick ratio of 0.98. The stock has a 50 day moving average of $10.23 and a 200 day moving average of $10.86.

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.