Forrester Research, Inc. (NASDAQ:FORR) Sees Large Decrease in Short Interest

Forrester Research, Inc. (NASDAQ:FORR - Get Free Report) saw a significant drop in short interest in March. As of March 31st, there was short interest totalling 237,900 shares, a drop of 45.8% from the March 15th total of 438,900 shares. Approximately 2.0% of the company's shares are short sold. Based on an average trading volume of 161,600 shares, the short-interest ratio is currently 1.5 days.

Forrester Research Trading Up 0.7 %

Shares of Forrester Research stock traded up $0.14 on Thursday, hitting $19.49. 93,580 shares of the company traded hands, compared to its average volume of 154,451. The stock's 50 day moving average price is $20.81 and its 200-day moving average price is $24.34. The company has a current ratio of 0.90, a quick ratio of 0.90 and a debt-to-equity ratio of 0.15. Forrester Research has a 52 week low of $18.64 and a 52 week high of $34.00. The company has a market cap of $377.91 million, a PE ratio of 114.65, a PEG ratio of 1.41 and a beta of 0.91.

Forrester Research (NASDAQ:FORR - Get Free Report) last announced its quarterly earnings data on Thursday, February 8th. The technology company reported $0.09 earnings per share for the quarter, missing analysts' consensus estimates of $0.11 by ($0.02). Forrester Research had a net margin of 0.63% and a return on equity of 10.77%. The company had revenue of $118.09 million for the quarter, compared to analysts' expectations of $116.43 million. Equities research analysts predict that Forrester Research will post 1.04 EPS for the current year.

Insider Buying and Selling

In related news, Director Robert Galford sold 13,000 shares of Forrester Research stock in a transaction dated Tuesday, February 13th. The stock was sold at an average price of $20.73, for a total value of $269,490.00. Following the completion of the transaction, the director now owns 20,489 shares in the company, valued at $424,736.97. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. 39.50% of the stock is currently owned by company insiders.

Institutional Trading of Forrester Research

A number of hedge funds have recently bought and sold shares of FORR. PNC Financial Services Group Inc. boosted its position in Forrester Research by 52.3% in the 4th quarter. PNC Financial Services Group Inc. now owns 1,553 shares of the technology company's stock valued at $42,000 after buying an additional 533 shares during the period. Wellington Management Group LLP acquired a new stake in shares of Forrester Research in the 4th quarter valued at $2,327,000. Price T Rowe Associates Inc. MD raised its stake in Forrester Research by 45.8% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 22,271 shares of the technology company's stock worth $598,000 after acquiring an additional 7,000 shares in the last quarter. GSA Capital Partners LLP acquired a new stake in Forrester Research during the 4th quarter worth $1,079,000. Finally, Barclays PLC raised its stake in Forrester Research by 79.8% during the 4th quarter. Barclays PLC now owns 29,107 shares of the technology company's stock worth $780,000 after acquiring an additional 12,916 shares in the last quarter. Institutional investors and hedge funds own 55.20% of the company's stock.

Wall Street Analyst Weigh In

Separately, StockNews.com upgraded Forrester Research from a "hold" rating to a "buy" rating in a research report on Thursday.

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.

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