Royce & Associates LP cut its stake in Forrester Research, Inc. (NASDAQ:FORR - Free Report) by 26.3% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 1,833,271 shares of the technology company's stock after selling 653,455 shares during the period. Royce & Associates LP owned approximately 9.66% of Forrester Research worth $16,939,000 as of its most recent SEC filing.
A number of other hedge funds also recently modified their holdings of the company. Bank of New York Mellon Corp boosted its holdings in Forrester Research by 8.4% during the first quarter. Bank of New York Mellon Corp now owns 47,903 shares of the technology company's stock valued at $443,000 after purchasing an additional 3,699 shares in the last quarter. Acuitas Investments LLC acquired a new stake in Forrester Research during the 1st quarter worth $426,000. Squarepoint Ops LLC boosted its stake in 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 acquiring an additional 2,418 shares during the last quarter. Millennium Management LLC lifted its holdings in shares of Forrester Research by 57.1% during the 4th quarter. Millennium Management LLC now owns 120,713 shares of the technology company's stock valued at $1,892,000 after purchasing an additional 43,851 shares in the last quarter. Finally, Invenomic Capital Management LP bought a new stake in Forrester Research in the 4th quarter valued at $2,532,000. Institutional investors own 55.20% of the company's stock.
Forrester Research Stock Performance
NASDAQ FORR traded down $0.32 on Friday, reaching $10.38. The stock had a trading volume of 81,794 shares, compared to its average volume of 68,200. The company has a debt-to-equity ratio of 0.24, a current ratio of 0.98 and a quick ratio of 0.98. Forrester Research, Inc. has a 1-year low of $8.50 and a 1-year high of $20.62. The firm has a fifty day moving average of $10.27 and a two-hundred day moving average of $11.10. The company has a market cap of $197.84 million, a P/E ratio of -2.27, a price-to-earnings-growth ratio of 1.01 and a beta of 0.96.
Wall Street Analysts Forecast Growth
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.
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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.
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