News stories about Forrester Research (NASDAQ:FORR) have been trending somewhat negative this week, Accern reports. The research firm rates the sentiment of press coverage by reviewing 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 one, with scores nearest to one being the most favorable. Forrester Research earned a news sentiment score of -0.02 on Accern’s scale. Accern also gave news coverage about the technology company an impact score of 45.9638484479973 out of 100, meaning that recent press coverage is somewhat unlikely to have an effect on the company’s share price in the near future.
Here are some of the media stories that may have impacted Accern Sentiment Analysis’s rankings:
FORR has been the subject of several research reports. BidaskClub downgraded shares of Forrester Research from a “strong-buy” rating to a “buy” rating in a research report on Tuesday, December 12th. Zacks Investment Research upgraded shares of Forrester Research from a “hold” rating to a “buy” rating and set a $51.00 price objective for the company in a research report on Monday, October 30th.
Shares of Forrester Research (NASDAQ:FORR) opened at $45.25 on Friday. The stock has a market cap of $799.89, a P/E ratio of 43.93, a price-to-earnings-growth ratio of 3.57 and a beta of 0.46. Forrester Research has a 1 year low of $34.95 and a 1 year high of $47.75.
Forrester Research (NASDAQ:FORR) last issued its quarterly earnings data on Wednesday, October 25th. The technology company reported $0.31 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.24 by $0.07. Forrester Research had a net margin of 5.70% and a return on equity of 13.80%. The firm had revenue of $80.40 million during the quarter, compared to the consensus estimate of $78.92 million. During the same period last year, the business posted $0.32 earnings per share. The business’s revenue for the quarter was up 3.9% compared to the same quarter last year. equities research analysts forecast that Forrester Research will post 0.92 EPS for the current fiscal year.
The firm also recently declared a quarterly dividend, which was paid on Wednesday, December 20th. Stockholders of record on Wednesday, December 6th were given a $0.19 dividend. The ex-dividend date of this dividend was Tuesday, December 5th. This represents a $0.76 dividend on an annualized basis and a dividend yield of 1.68%. Forrester Research’s payout ratio is 73.79%.
In other news, Director George Hornig sold 11,530 shares of Forrester Research stock in a transaction that occurred on Tuesday, November 28th. The shares were sold at an average price of $46.62, for a total value of $537,528.60. Following the completion of the sale, the director now directly owns 18,921 shares in the company, valued at $882,097.02. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, insider Scott Chouinard sold 887 shares of Forrester Research stock in a transaction that occurred on Monday, October 30th. The shares were sold at an average price of $44.25, for a total transaction of $39,249.75. Following the completion of the sale, the insider now owns 2,261 shares of the company’s stock, valued at $100,049.25. The disclosure for this sale can be found here. Over the last quarter, insiders sold 24,722 shares of company stock valued at $1,142,617. 44.30% of the stock is owned by company 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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