Media stories about Forrester Research (NASDAQ:FORR) have been trending somewhat positive recently, according to Accern Sentiment Analysis. Accern rates the sentiment of press coverage by analyzing more than twenty million blog and news sources in real time. Accern ranks coverage of publicly-traded companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Forrester Research earned a daily sentiment score of 0.04 on Accern’s scale. Accern also assigned media headlines about the technology company an impact score of 45.192713134821 out of 100, meaning that recent press coverage is somewhat unlikely to have an impact on the stock’s share price in the near term.
These are some of the media headlines that may have effected Accern Sentiment Analysis’s scoring:
A number of analysts have recently commented on the company. BidaskClub downgraded Forrester Research from a “strong-buy” rating to a “buy” rating in a report on Saturday, August 5th. Zacks Investment Research cut shares of Forrester Research from a “hold” rating to a “sell” rating in a research report on Tuesday, August 1st.
Forrester Research (NASDAQ:FORR) traded up 1.24% on Friday, hitting $44.90. 6,418 shares of the company were exchanged. Forrester Research has a one year low of $34.95 and a one year high of $44.90. The stock has a 50 day moving average price of $42.08 and a 200 day moving average price of $40.44. The firm has a market cap of $796.21 million, a price-to-earnings ratio of 45.82 and a beta of 0.44.
Forrester Research (NASDAQ:FORR) last announced its earnings results on Wednesday, October 25th. The technology company reported $0.31 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.24 by $0.07. Forrester Research had a net margin of 5.70% and a return on equity of 13.76%. The company had revenue of $80.40 million during the quarter, compared to the consensus estimate of $78.92 million. During the same period in the previous year, the firm posted $0.32 earnings per share. The company’s revenue was up 3.9% on a year-over-year basis. On average, equities research analysts forecast that Forrester Research will post $1.18 EPS for the current fiscal year.
The firm also recently declared a quarterly dividend, which will be paid on Wednesday, December 20th. Investors of record on Wednesday, December 6th will be paid a dividend of $0.19 per share. This represents a $0.76 dividend on an annualized basis and a dividend yield of 1.71%. The ex-dividend date is Tuesday, December 5th. Forrester Research’s dividend payout ratio (DPR) is 73.79%.
In related news, Director Henk Broeders sold 11,300 shares of the business’s stock in a transaction that occurred on Monday, August 7th. The shares were sold at an average price of $41.00, for a total transaction of $463,300.00. Following the completion of the sale, the director now directly owns 28,762 shares of the company’s stock, valued at $1,179,242. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Gretchen Teichgraeber sold 6,250 shares of the business’s stock in a transaction that occurred on Thursday, August 31st. The stock was sold at an average price of $41.00, for a total transaction of $256,250.00. Following the sale, the director now directly owns 16,020 shares of the company’s stock, valued at $656,820. The disclosure for this sale can be found here. Over the last three months, insiders have sold 54,196 shares of company stock valued at $2,222,057. 44.30% of the stock is currently owned by insiders.
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Forrester Research Company Profile
Forrester Research, Inc (Forrester) is an independent research, data, and advisory services firm. The Company offers research, data, advisory and related services that are thematic, prescriptive and executable, and that provide a perspective on the changing business environment. Its segments include Research, Product and Project Consulting.
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