Forrester Research, Inc. (NASDAQ:FORR) has received an average broker rating score of 3.00 (Hold) from the two brokers that cover the stock, Zacks Investment Research reports. Two equities research analysts have rated the stock with a hold rating.
Zacks has also given Forrester Research an industry rank of 94 out of 265 based on the ratings given to related companies.
A number of brokerages have recently issued reports on FORR. BidaskClub downgraded Forrester Research from a “buy” rating to a “hold” rating in a research report on Friday. Zacks Investment Research downgraded Forrester Research from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, December 26th.
In related news, Director George Hornig sold 646 shares of the business’s stock in a transaction that occurred on Thursday, March 1st. The stock was sold at an average price of $40.70, for a total value of $26,292.20. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Robert Galford sold 12,000 shares of the business’s stock in a transaction that occurred on Wednesday, March 14th. The stock was sold at an average price of $42.53, for a total value of $510,360.00. Following the completion of the sale, the director now owns 32,609 shares of the company’s stock, valued at approximately $1,386,860.77. The disclosure for this sale can be found here. Insiders sold a total of 22,021 shares of company stock valued at $928,026 in the last 90 days. 43.50% of the stock is currently owned by corporate insiders.
A number of large investors have recently added to or reduced their stakes in the stock. MetLife Investment Advisors LLC bought a new stake in Forrester Research in the 4th quarter worth approximately $256,000. Millennium Management LLC bought a new stake in Forrester Research in the fourth quarter valued at approximately $650,000. Goldman Sachs Group Inc. lifted its position in Forrester Research by 9.2% in the fourth quarter. Goldman Sachs Group Inc. now owns 51,682 shares of the technology company’s stock valued at $2,284,000 after purchasing an additional 4,367 shares during the last quarter. Stone Ridge Asset Management LLC bought a new stake in Forrester Research in the fourth quarter valued at approximately $624,000. Finally, Deutsche Bank AG lifted its position in Forrester Research by 139.8% in the fourth quarter. Deutsche Bank AG now owns 22,695 shares of the technology company’s stock valued at $1,001,000 after purchasing an additional 13,229 shares during the last quarter. Institutional investors own 59.80% of the company’s stock.
Shares of FORR traded up $0.25 during trading hours on Thursday, reaching $44.20. 5,872 shares of the company’s stock traded hands, compared to its average volume of 49,982. The company has a market cap of $778.73, a PE ratio of 52.95, a price-to-earnings-growth ratio of 3.39 and a beta of 0.36. Forrester Research has a 12 month low of $36.95 and a 12 month high of $47.75.
Forrester Research (NASDAQ:FORR) last issued its quarterly earnings results on Wednesday, February 7th. The technology company reported $0.32 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.35 by ($0.03). The business had revenue of $90.38 million for the quarter, compared to the consensus estimate of $84.85 million. Forrester Research had a net margin of 4.48% and a return on equity of 11.28%. The business’s revenue was up 8.3% compared to the same quarter last year. During the same quarter last year, the business posted $0.38 EPS. equities research analysts expect that Forrester Research will post 1.06 EPS for the current year.
The company also recently announced a quarterly dividend, which was paid on Wednesday, March 21st. Investors of record on Wednesday, March 7th were given a $0.20 dividend. This is an increase from Forrester Research’s previous quarterly dividend of $0.19. The ex-dividend date of this dividend was Tuesday, March 6th. This represents a $0.80 dividend on an annualized basis and a yield of 1.81%. Forrester Research’s payout ratio is presently 96.39%.
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About Forrester Research
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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