Invenomic Capital Management LP Takes Position in Forrester Research, Inc. (NASDAQ:FORR)

Invenomic Capital Management LP acquired a new stake in shares of Forrester Research, Inc. (NASDAQ:FORR - Free Report) during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor acquired 161,594 shares of the technology company's stock, valued at approximately $2,532,000. Invenomic Capital Management LP owned approximately 0.85% of Forrester Research as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently bought and sold shares of FORR. JPMorgan Chase & Co. raised its stake in Forrester Research by 1,969.7% during the fourth quarter. JPMorgan Chase & Co. now owns 108,204 shares of the technology company's stock valued at $1,696,000 after buying an additional 102,976 shares in the last quarter. Pacific Ridge Capital Partners LLC raised its stake in Forrester Research by 39.8% during the fourth quarter. Pacific Ridge Capital Partners LLC now owns 181,158 shares of the technology company's stock valued at $2,839,000 after buying an additional 51,618 shares in the last quarter. Federated Hermes Inc. raised its stake in Forrester Research by 89.2% during the fourth quarter. Federated Hermes Inc. now owns 100,099 shares of the technology company's stock valued at $1,569,000 after buying an additional 47,183 shares in the last quarter. Portolan Capital Management LLC raised its stake in Forrester Research by 21.7% during the fourth quarter. Portolan Capital Management LLC now owns 251,473 shares of the technology company's stock valued at $3,941,000 after buying an additional 44,874 shares in the last quarter. Finally, Barclays PLC raised its stake in Forrester Research by 71.1% during the third quarter. Barclays PLC now owns 44,090 shares of the technology company's stock valued at $794,000 after buying an additional 18,319 shares in the last quarter. Institutional investors and hedge funds own 55.20% of the company's stock.

Analyst Ratings Changes

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

Forrester Research Stock Performance

Shares of NASDAQ:FORR traded down $0.48 during trading on Friday, hitting $10.61. 42,727 shares of the company traded hands, compared to its average volume of 85,472. The stock has a market capitalization of $202.26 million, a price-to-earnings ratio of -35.37, a PEG ratio of 1.22 and a beta of 0.94. The business's fifty day moving average is $9.65 and its 200-day moving average is $13.08. Forrester Research, Inc. has a one year low of $8.50 and a one year 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.

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.