Forrester Research (NASDAQ:FORR) Raised to "Buy" at StockNews.com

Forrester Research (NASDAQ:FORR - Get Free Report) was upgraded by equities research analysts at StockNews.com from a "hold" rating to a "buy" rating in a report released on Thursday.

Forrester Research Stock Up 0.7 %

NASDAQ:FORR traded up $0.14 on Thursday, hitting $19.49. The stock had a trading volume of 93,580 shares, compared to its average volume of 154,451. The company has a quick ratio of 0.90, a current 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 business's fifty day moving average is $20.81 and its 200 day moving average is $24.34. The company has a market cap of $377.91 million, a PE ratio of 114.65, a P/E/G ratio of 1.41 and a beta of 0.91.

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

Insider Buying and Selling

In other Forrester Research 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 transaction of $269,490.00. Following the completion of the transaction, the director now owns 20,489 shares in the company, valued at approximately $424,736.97. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 39.50% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Forrester Research

A number of institutional investors and hedge funds have recently bought and sold shares of FORR. Total Clarity Wealth Management Inc. raised its holdings in shares of Forrester Research by 135.9% in the fourth quarter. Total Clarity Wealth Management Inc. now owns 16,795 shares of the technology company's stock valued at $450,000 after purchasing an additional 9,674 shares during the last quarter. Swiss National Bank increased its stake in Forrester Research by 2.8% in the 3rd quarter. Swiss National Bank now owns 25,350 shares of the technology company's stock valued at $733,000 after buying an additional 700 shares during the last quarter. M&T Bank Corp lifted its position in shares of Forrester Research by 20.2% during the 3rd quarter. M&T Bank Corp now owns 57,573 shares of the technology company's stock worth $1,664,000 after buying an additional 9,656 shares in the last quarter. Barclays PLC boosted its stake in shares of Forrester Research by 22.2% in the 3rd quarter. Barclays PLC now owns 16,191 shares of the technology company's stock worth $468,000 after buying an additional 2,942 shares during the last quarter. Finally, Vanguard Group Inc. grew its holdings in shares of Forrester Research by 0.5% in the third quarter. Vanguard Group Inc. now owns 1,389,683 shares of the technology company's stock valued at $40,162,000 after acquiring an additional 7,316 shares in the last quarter. 55.20% of the stock is owned by hedge funds and other institutional investors.

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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