StockNews.com Upgrades Forrester Research (NASDAQ:FORR) to “Buy”

StockNews.com upgraded shares of Forrester Research (NASDAQ:FORR) from a hold rating to a buy rating in a research note issued to investors on Tuesday morning.

Forrester Research Trading Down 4.4 %

Shares of Forrester Research stock traded down $0.74 on Tuesday, hitting $15.98. The stock had a trading volume of 29,506 shares, compared to its average volume of 116,411. The stock has a 50 day moving average of $16.67 and a 200 day moving average of $17.58. The firm has a market capitalization of $303.62 million, a P/E ratio of -47.77, a PEG ratio of 1.39 and a beta of 0.88. Forrester Research has a twelve month low of $14.38 and a twelve month high of $27.89. The company has a debt-to-equity ratio of 0.15, a quick ratio of 0.91 and a current ratio of 0.98.

Hedge Funds Weigh In On Forrester Research

Several large investors have recently modified their holdings of the business. ArrowMark Colorado Holdings LLC grew its stake in shares of Forrester Research by 3.5% in the third quarter. ArrowMark Colorado Holdings LLC now owns 784,521 shares of the technology company’s stock worth $14,129,000 after purchasing an additional 26,810 shares during the last quarter. Kent Lake Capital LLC bought a new stake in shares of Forrester Research in the 1st quarter valued at about $11,473,000. Millennium Management LLC increased its stake in shares of Forrester Research by 134.7% in the second quarter. Millennium Management LLC now owns 274,440 shares of the technology company’s stock valued at $4,687,000 after buying an additional 157,510 shares during the period. Ballentine Partners LLC lifted its stake in shares of Forrester Research by 1.7% in the third quarter. Ballentine Partners LLC now owns 254,399 shares of the technology company’s stock worth $4,582,000 after acquiring an additional 4,342 shares during the period. Finally, Acadian Asset Management LLC increased its position in Forrester Research by 511.8% during the 2nd quarter. Acadian Asset Management LLC now owns 230,848 shares of the technology company’s stock valued at $3,940,000 after purchasing an additional 193,116 shares during the period. Institutional investors own 55.20% of the company’s stock.

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.