Forrester Research (NASDAQ:FORR) Rating Increased to Hold at Zacks Research

Key Points

• Forrester Research has been upgraded by Zacks Research from a "strong sell" to a "hold" rating, indicating a more favorable outlook for investors.
• Another upgrade by Wall Street Zen raised the rating from "hold" to "buy," suggesting increased confidence in the company's performance.
• Forrester Research shares are currently trading at $9.71, with a market cap of $185.07 million and an average rating of "hold" among analysts.

Zacks Research upgraded shares of Forrester Research (NASDAQ:FORR - Free Report) from a strong sell rating to a hold rating in a research report sent to investors on Wednesday, September 3rd,Zacks.com reports.

Separately, Wall Street Zen upgraded shares of Forrester Research from a "hold" rating to a "buy" rating in a research note on Thursday, May 22nd. Two analysts have rated the stock with a Hold rating, Based on data from MarketBeat.com, Forrester Research currently has a consensus rating of "Hold".

Forrester Research Stock Performance

Shares of NASDAQ FORR traded up $0.20 during mid-day trading on Wednesday, hitting $10.06. The company had a trading volume of 13,011 shares, compared to its average volume of 77,041. The company has a debt-to-equity ratio of 0.22, a current ratio of 1.09 and a quick ratio of 1.09. The business's 50-day simple moving average is $10.03 and its 200-day simple moving average is $10.03. Forrester Research has a 12 month low of $8.50 and a 12 month high of $19.74. The firm has a market cap of $191.74 million, a P/E ratio of -2.14, a PEG ratio of 0.91 and a beta of 0.95.

Institutional Trading of Forrester Research

Several hedge funds have recently modified their holdings of FORR. Invenomic Capital Management LP bought a new stake in shares of Forrester Research during the fourth quarter valued at approximately $2,532,000. Federated Hermes Inc. grew its stake in shares of Forrester Research by 150.1% during the first quarter. Federated Hermes Inc. now owns 250,364 shares of the technology company's stock valued at $2,313,000 after purchasing an additional 150,265 shares during the last quarter. Herald Investment Management Ltd bought a new stake in shares of Forrester Research during the first quarter valued at approximately $1,386,000. Arrowstreet Capital Limited Partnership bought a new stake in shares of Forrester Research during the second quarter valued at approximately $801,000. Finally, Bridgeway Capital Management LLC grew its stake in shares of Forrester Research by 111.0% during the second quarter. Bridgeway Capital Management LLC now owns 103,409 shares of the technology company's stock valued at $1,024,000 after purchasing an additional 54,409 shares during the last quarter. 55.20% of the stock is 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.