ValuEngine upgraded shares of Forrester Research (NASDAQ:FORR) from a hold rating to a buy rating in a research report released on Wednesday morning.
Other equities research analysts have also recently issued research reports about the stock. BidaskClub upgraded shares of Forrester Research from a hold rating to a buy rating in a report on Tuesday, August 21st. Zacks Investment Research upgraded shares of Forrester Research from a sell rating to a hold rating in a report on Monday, October 1st. Finally, Barrington Research restated a hold rating on shares of Forrester Research in a report on Thursday, October 25th.
FORR traded down $0.04 during midday trading on Wednesday, reaching $42.99. The company’s stock had a trading volume of 31,969 shares, compared to its average volume of 30,759. The stock has a market cap of $786.81 million, a PE ratio of 51.80, a price-to-earnings-growth ratio of 3.86 and a beta of 0.54. Forrester Research has a 1 year low of $36.19 and a 1 year high of $50.00.
Forrester Research (NASDAQ:FORR) last announced its quarterly earnings data on Wednesday, October 24th. The technology company reported $0.33 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.36 by ($0.03). The business had revenue of $84.89 million during the quarter, compared to analysts’ expectations of $83.52 million. Forrester Research had a return on equity of 8.50% and a net margin of 3.46%. On average, sell-side analysts forecast that Forrester Research will post 0.93 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which will be paid on Wednesday, December 26th. Stockholders of record on Wednesday, December 12th will be issued a dividend of $0.20 per share. This represents a $0.80 dividend on an annualized basis and a dividend yield of 1.86%. The ex-dividend date of this dividend is Tuesday, December 11th. Forrester Research’s payout ratio is 96.39%.
In other news, insider Cliff Condon sold 5,253 shares of the stock in a transaction that occurred on Monday, August 13th. The shares were sold at an average price of $45.00, for a total transaction of $236,385.00. Following the sale, the insider now owns 25,606 shares in the company, valued at $1,152,270. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, Director Gretchen Teichgraeber sold 9,375 shares of the stock in a transaction that occurred on Tuesday, August 14th. The shares were sold at an average price of $45.56, for a total transaction of $427,125.00. Following the sale, the director now owns 23,629 shares in the company, valued at approximately $1,076,537.24. The disclosure for this sale can be found here. In the last quarter, insiders have sold 14,978 shares of company stock worth $680,258. Corporate insiders own 43.50% of the company’s stock.
Large investors have recently bought and sold shares of the company. SG Americas Securities LLC purchased a new stake in shares of Forrester Research during the second quarter valued at approximately $142,000. Louisiana State Employees Retirement System purchased a new stake in shares of Forrester Research during the third quarter valued at approximately $207,000. Sun Life Financial INC purchased a new stake in Forrester Research in the second quarter worth approximately $376,000. Vident Investment Advisory LLC boosted its holdings in Forrester Research by 54.5% in the second quarter. Vident Investment Advisory LLC now owns 9,088 shares of the technology company’s stock worth $381,000 after purchasing an additional 3,207 shares during the last quarter. Finally, Summit Global Investments purchased a new stake in Forrester Research in the second quarter worth approximately $633,000. Hedge funds and other institutional investors own 59.40% of the company’s stock.
About Forrester Research
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.
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To view ValuEngine’s full report, visit ValuEngine’s official website.
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