Forrester Research (NASDAQ:FORR) Raised to "Buy" at Wall Street Zen

Forrester Research (NASDAQ:FORR - Get Free Report) was upgraded by Wall Street Zen from a "hold" rating to a "buy" rating in a research report issued to clients and investors on Thursday.

Separately, Sidoti raised Forrester Research to a "hold" rating in a research report on Wednesday, February 12th.

Forrester Research Stock Up 0.3%

NASDAQ FORR traded up $0.03 on Thursday, reaching $10.65. The company had a trading volume of 74,586 shares, compared to its average volume of 84,921. The stock has a market capitalization of $203.02 million, a P/E ratio of -35.50, a P/E/G ratio of 1.22 and a beta of 0.94. The company's fifty day moving average is $9.70 and its 200 day moving average is $12.93. Forrester Research has a 52-week low of $8.50 and a 52-week high of $20.62. The company has a quick ratio of 0.98, a current ratio of 0.98 and a debt-to-equity ratio of 0.15.

Institutional Investors Weigh In On Forrester Research

Several large investors have recently made changes to their positions in the business. Hsbc Holdings PLC grew its stake in shares of Forrester Research by 6.5% during the 4th quarter. Hsbc Holdings PLC now owns 13,080 shares of the technology company's stock worth $205,000 after acquiring an additional 802 shares during the period. Tower Research Capital LLC TRC grew its stake in shares of Forrester Research by 50.1% during the 4th quarter. Tower Research Capital LLC TRC now owns 3,455 shares of the technology company's stock worth $54,000 after acquiring an additional 1,153 shares during the period. Rhumbline Advisers grew its stake in shares of Forrester Research by 7.8% during the 4th quarter. Rhumbline Advisers now owns 18,571 shares of the technology company's stock worth $291,000 after acquiring an additional 1,337 shares during the period. Wells Fargo & Company MN grew its stake in shares of 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. Finally, Aquatic Capital Management LLC grew its stake in shares of 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. 55.20% of the stock is owned by hedge funds and other institutional investors.

Forrester Research Company 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.