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) in the fourth quarter, according to the company in its most recent filing with the SEC. The firm 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 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Royce & Associates LP lifted its holdings in Forrester Research by 0.4% during the 4th quarter. Royce & Associates LP now owns 2,486,726 shares of the technology company's stock valued at $38,967,000 after buying an additional 9,866 shares in the last quarter. Geode Capital Management LLC lifted its holdings in Forrester Research by 1.1% during the 4th quarter. Geode Capital Management LLC now owns 291,858 shares of the technology company's stock valued at $4,574,000 after buying an additional 3,297 shares in the last quarter. Portolan Capital Management LLC lifted its holdings in Forrester Research by 21.7% during the 4th 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. Pacific Ridge Capital Partners LLC lifted its holdings in Forrester Research by 39.8% during the 4th 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. Finally, Northern Trust Corp lifted its holdings in Forrester Research by 2.6% during the 4th quarter. Northern Trust Corp now owns 115,332 shares of the technology company's stock valued at $1,807,000 after buying an additional 2,883 shares in the last quarter. Institutional investors own 55.20% of the company's stock.

Forrester Research Stock Up 10.9%

Shares of NASDAQ:FORR traded up $1.09 during trading hours on Thursday, hitting $11.09. The company's stock had a trading volume of 69,251 shares, compared to its average volume of 85,587. Forrester Research, Inc. has a 52 week low of $8.50 and a 52 week high of $20.62. The company has a debt-to-equity ratio of 0.15, a current ratio of 0.98 and a quick ratio of 0.98. The company has a market capitalization of $210.50 million, a price-to-earnings ratio of -36.97, a P/E/G ratio of 1.22 and a beta of 0.94. The firm's fifty day moving average price is $9.64 and its 200 day moving average price is $13.18.

Analyst Upgrades and Downgrades

Separately, Sidoti upgraded shares of Forrester Research to a "hold" rating in a report on Wednesday, February 12th.

Forrester Research 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.