Trexquant Investment LP Has $241,000 Stake in Forrester Research, Inc. $FORR

Key Points

• Trexquant Investment LP has reduced its stake in Forrester Research, Inc. by 57.6%, now owning roughly 0.14% of the company valued at $241,000 after selling 35,309 shares in Q1.
• Several institutional investors have increased their holdings in Forrester Research, reflecting growing institutional interest, with Walleye Capital LLC experiencing an 84.6% increase in ownership during the same period.
• Analysts have upgraded Forrester Research's stock ratings recently, with Zacks Research moving from a "strong sell" to a "hold" and Wall Street Zen upgrading from "hold" to "buy," indicating a positive shift in sentiment towards the company's stock.

Trexquant Investment LP decreased its position in Forrester Research, Inc. (NASDAQ:FORR - Free Report) by 57.6% during the 1st quarter, according to the company in its most recent filing with the SEC. The fund owned 26,040 shares of the technology company's stock after selling 35,309 shares during the quarter. Trexquant Investment LP owned 0.14% of Forrester Research worth $241,000 at the end of the most recent reporting period.

Several other institutional investors have also recently bought and sold shares of the business. Worth Venture Partners LLC bought a new position in Forrester Research in the 1st quarter valued at $333,000. Walleye Capital LLC raised its position in shares of Forrester Research by 84.6% during the first quarter. Walleye Capital LLC now owns 27,055 shares of the technology company's stock worth $250,000 after acquiring an additional 12,399 shares during the last quarter. AlphaQuest LLC raised its position in shares of 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 acquiring an additional 4,485 shares during the last quarter. Nuveen LLC bought a new stake in shares of Forrester Research during the first quarter worth $299,000. Finally, Herald Investment Management Ltd bought a new stake in shares of Forrester Research during the first quarter worth $1,386,000. Institutional investors own 55.20% of the company's stock.

Forrester Research Stock Up 1.9%

FORR traded up $0.19 on Monday, hitting $10.41. 2,531 shares of the company were exchanged, compared to its average volume of 77,083. The company has a debt-to-equity ratio of 0.22, a quick ratio of 1.09 and a current ratio of 1.09. The stock's fifty day moving average is $10.00 and its 200-day moving average is $9.98. The company has a market cap of $198.45 million, a PE ratio of -2.21, a PEG ratio of 0.93 and a beta of 0.95. Forrester Research, Inc. has a 12 month low of $8.50 and a 12 month high of $19.74.

Analysts Set New Price Targets

A number of brokerages recently commented on FORR. Wall Street Zen raised Forrester Research from a "hold" rating to a "buy" rating in a research note on Thursday, May 22nd. Zacks Research raised Forrester Research from a "strong sell" rating to a "hold" rating in a research note on Wednesday, September 3rd. Two analysts have rated the stock with a Hold rating, According to MarketBeat.com, Forrester Research has an average rating of "Hold".

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.