Zacks Research Upgrades Forrester Research (NASDAQ:FORR) to Hold

Zacks Research upgraded shares of Forrester Research (NASDAQ:FORR) from a strong sell rating to a hold rating in a research note issued to investors on Wednesday morning,Zacks.com reports.

Separately, Wall Street Zen raised Forrester Research from a “hold” rating to a “buy” rating in a research report on Thursday, May 22nd. Two research analysts have rated the stock with a Hold rating, According to MarketBeat.com, the company has an average rating of “Hold”.

Forrester Research Stock Performance

NASDAQ:FORR opened at $9.78 on Wednesday. The company has a debt-to-equity ratio of 0.22, a current ratio of 1.09 and a quick ratio of 1.09. The business has a fifty day simple moving average of $10.04 and a two-hundred day simple moving average of $10.07. Forrester Research has a 1 year low of $8.50 and a 1 year high of $19.74. The company has a market capitalization of $186.44 million, a P/E ratio of -2.08, a P/E/G ratio of 0.89 and a beta of 0.95.

Hedge Funds Weigh In On Forrester Research

Several hedge funds have recently made changes to their positions in the stock. Engineers Gate Manager LP grew its position in shares of Forrester Research by 9.7% in the second quarter. Engineers Gate Manager LP now owns 19,626 shares of the technology company’s stock valued at $194,000 after purchasing an additional 1,728 shares in the last quarter. Bridgeway Capital Management LLC grew its position in Forrester Research by 111.0% during the second quarter. Bridgeway Capital Management LLC now owns 103,409 shares of the technology company’s stock worth $1,024,000 after buying an additional 54,409 shares in the last quarter. Ameriprise Financial Inc. grew its position in Forrester Research by 65.5% during the second quarter. Ameriprise Financial Inc. now owns 67,578 shares of the technology company’s stock worth $669,000 after buying an additional 26,738 shares in the last quarter. Jane Street Group LLC grew its position in Forrester Research by 7.8% during the second quarter. Jane Street Group LLC now owns 20,741 shares of the technology company’s stock worth $205,000 after buying an additional 1,494 shares in the last quarter. Finally, Quantinno Capital Management LP grew its position in Forrester Research by 209.2% during the second quarter. Quantinno Capital Management LP now owns 39,591 shares of the technology company’s stock worth $392,000 after buying an additional 26,787 shares in the last quarter. 55.20% of the stock is currently owned by hedge funds and other institutional investors.

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.