Forrester Research (NASDAQ:FORR) Earns Sell (D-) Rating from Weiss Ratings

Key Points

• Forrester Research has received a Sell (D-) rating from Weiss Ratings, indicating a bearish outlook on the stock.
• Conversely, Zacks Research upgraded the stock to a Hold rating, reflecting mixed sentiments among analysts, with a consensus rating of "Reduce."
• Institutional investors have significantly increased their stakes in Forrester Research, with notable boosts from Assenagon Asset Management and GAMMA Investing, indicating growing interest among hedge funds.

Forrester Research (NASDAQ:FORR - Get Free Report)'s stock had its "sell (d-)" rating reissued by Weiss Ratings in a research report issued on Wednesday,Weiss Ratings reports.

Separately, Zacks Research upgraded shares of Forrester Research from a "strong sell" rating to a "hold" rating in a report on Wednesday, September 3rd. Two research analysts have rated the stock with a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of "Reduce".

Forrester Research Price Performance

NASDAQ FORR opened at $9.10 on Wednesday. The company has a quick ratio of 1.09, a current ratio of 1.09 and a debt-to-equity ratio of 0.22. Forrester Research has a 12-month low of $8.45 and a 12-month high of $17.65. The company has a market capitalization of $173.45 million, a PE ratio of -1.94, a price-to-earnings-growth ratio of 0.76 and a beta of 0.96. The firm's 50 day moving average is $9.97 and its 200-day moving average is $9.97.

Hedge Funds Weigh In On Forrester Research

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Assenagon Asset Management S.A. boosted its position in Forrester Research by 618.2% during the third quarter. Assenagon Asset Management S.A. now owns 79,140 shares of the technology company's stock worth $839,000 after purchasing an additional 68,121 shares during the period. GAMMA Investing LLC boosted its position in Forrester Research by 2,589.5% during the third quarter. GAMMA Investing LLC now owns 3,066 shares of the technology company's stock worth $32,000 after purchasing an additional 2,952 shares during the period. Engineers Gate Manager LP boosted its position in Forrester Research by 9.7% during the second quarter. Engineers Gate Manager LP now owns 19,626 shares of the technology company's stock worth $194,000 after purchasing an additional 1,728 shares during the period. Bridgeway Capital Management LLC boosted its position in Forrester Research by 111.0% during the second quarter. Bridgeway Capital Management LLC now owns 103,409 shares of the technology company's stock worth $1,024,000 after purchasing an additional 54,409 shares during the period. Finally, Ameriprise Financial Inc. boosted its position in Forrester Research by 65.5% during the second quarter. Ameriprise Financial Inc. now owns 67,578 shares of the technology company's stock worth $669,000 after purchasing an additional 26,738 shares during the period. 55.20% of the stock is owned by institutional investors.

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.

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