Forrester Research (NASDAQ:FORR) Rating Increased 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 on Thursday.

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

Forrester Research Price Performance

Shares of Forrester Research stock traded up $0.24 during trading on Thursday, reaching $10.89. 20,325 shares of the company's stock were exchanged, compared to its average volume of 84,665. The company has a debt-to-equity ratio of 0.15, a quick ratio of 0.98 and a current ratio of 0.98. Forrester Research has a 1-year low of $8.50 and a 1-year high of $20.62. The company has a market cap of $207.50 million, a P/E ratio of -36.28, a PEG ratio of 1.22 and a beta of 0.94. The firm's 50-day moving average price is $9.72 and its 200 day moving average price is $12.87.

Hedge Funds Weigh In On Forrester Research

Several large investors have recently bought and sold shares of FORR. Tower Research Capital LLC TRC increased its stake in shares of 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 buying an additional 1,153 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 last quarter. Wells Fargo & Company MN increased its position in Forrester Research by 27.8% in the 4th quarter. Wells Fargo & Company MN now owns 6,880 shares of the technology company's stock valued at $108,000 after acquiring an additional 1,497 shares during the period. SG Americas Securities LLC acquired a new position in Forrester Research in the 4th quarter valued at approximately $111,000. Finally, AlphaQuest LLC raised its stake 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 valued at $132,000 after acquiring an additional 4,485 shares during the last quarter. 55.20% of the stock is currently owned by 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.