Forrester Research (NASDAQ:FORR) was upgraded by analysts at ValuEngine from a “hold” rating to a “buy” rating in a research note issued to investors on Monday.
Other equities research analysts have also recently issued research reports about the stock. Zacks Investment Research raised shares of Forrester Research from a “sell” rating to a “hold” rating in a research report on Monday. BidaskClub cut shares of Forrester Research from a “buy” rating to a “hold” rating in a research report on Friday, April 13th. Finally, Barrington Research reissued a “hold” rating on shares of Forrester Research in a research report on Friday, April 27th.
NASDAQ FORR opened at $42.95 on Monday. Forrester Research has a 52-week low of $36.95 and a 52-week high of $47.75. The company has a market cap of $770.61 million, a PE ratio of 75.18, a price-to-earnings-growth ratio of 3.40 and a beta of 0.37.
Forrester Research (NASDAQ:FORR) last released its quarterly earnings data on Thursday, April 26th. The technology company reported ($0.01) earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.06 by ($0.07). Forrester Research had a net margin of 3.07% and a return on equity of 7.62%. The business had revenue of $77.75 million for the quarter, compared to the consensus estimate of $78.51 million. analysts predict that Forrester Research will post 1.05 EPS for the current year.
In related news, Director George Hornig sold 8,100 shares of the stock in a transaction that occurred on Tuesday, May 8th. The shares were sold at an average price of $42.61, for a total transaction of $345,141.00. Following the completion of the sale, the director now owns 8,861 shares of the company’s stock, valued at $377,567.21. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Corporate insiders own 43.50% of the company’s stock.
A number of large investors have recently bought and sold shares of FORR. Schwab Charles Investment Management Inc. lifted its position in Forrester Research by 5.6% during the fourth quarter. Schwab Charles Investment Management Inc. now owns 43,040 shares of the technology company’s stock valued at $1,903,000 after acquiring an additional 2,274 shares during the last quarter. Arizona State Retirement System lifted its position in Forrester Research by 230.3% during the fourth quarter. Arizona State Retirement System now owns 16,616 shares of the technology company’s stock valued at $734,000 after acquiring an additional 11,586 shares during the last quarter. Rhumbline Advisers raised its holdings in shares of Forrester Research by 13.3% in the fourth quarter. Rhumbline Advisers now owns 24,300 shares of the technology company’s stock worth $1,074,000 after buying an additional 2,850 shares during the last quarter. BlackRock Inc. raised its holdings in shares of Forrester Research by 6.0% in the fourth quarter. BlackRock Inc. now owns 1,331,814 shares of the technology company’s stock worth $58,866,000 after buying an additional 75,907 shares during the last quarter. Finally, Spark Investment Management LLC purchased a new position in shares of Forrester Research in the fourth quarter worth $203,000. 57.65% of the stock is owned by institutional investors.
Forrester Research Company Profile
Forrester Research, Inc operates as an independent research, data, and advisory services company. It operates through Research, Product, and Project Consulting segments. Its primary syndicated research product is Research, which offers clients with access to its syndicated research designed to inform their strategic decision-making.
To view ValuEngine’s full report, visit ValuEngine’s official website.
Receive News & Ratings for Forrester Research Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Forrester Research and related companies with MarketBeat.com's FREE daily email newsletter.