Forrester Research (NASDAQ:FORR) Rating Lowered to Hold at StockNews.com

StockNews.com cut shares of Forrester Research (NASDAQ:FORRFree Report) from a buy rating to a hold rating in a research note released on Tuesday.

Forrester Research Trading Down 3.6 %

NASDAQ FORR opened at $15.89 on Tuesday. The stock has a market cap of $303.61 million, a P/E ratio of 529.67, a PEG ratio of 1.39 and a beta of 0.87. The company’s fifty day simple moving average is $18.32 and its 200-day simple moving average is $18.44. The company has a current ratio of 0.91, a quick ratio of 0.91 and a debt-to-equity ratio of 0.15. Forrester Research has a 52 week low of $15.88 and a 52 week high of $29.93.

Forrester Research (NASDAQ:FORRGet Free Report) last issued its quarterly earnings data on Tuesday, July 30th. The technology company reported $0.47 EPS for the quarter, missing analysts’ consensus estimates of $0.56 by ($0.09). The firm had revenue of $121.83 million during the quarter, compared to analyst estimates of $121.21 million. Forrester Research had a return on equity of 6.52% and a net margin of 0.32%. Equities research analysts predict that Forrester Research will post 0.95 EPS for the current fiscal year.

Insiders Place Their Bets

In other news, insider Ryan Darrah sold 3,895 shares of the stock in a transaction that occurred on Monday, August 5th. The stock was sold at an average price of $18.26, for a total transaction of $71,122.70. Following the completion of the transaction, the insider now directly owns 19,640 shares in the company, valued at approximately $358,626.40. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. 39.20% of the stock is owned by company insiders.

Institutional Investors Weigh In On Forrester Research

Institutional investors have recently modified their holdings of the stock. Point72 DIFC Ltd increased its holdings in Forrester Research by 62.4% in the second quarter. Point72 DIFC Ltd now owns 1,713 shares of the technology company’s stock valued at $29,000 after buying an additional 658 shares during the last quarter. PNC Financial Services Group Inc. increased its holdings in shares of Forrester Research by 52.3% in the 4th quarter. PNC Financial Services Group Inc. now owns 1,553 shares of the technology company’s stock valued at $42,000 after acquiring an additional 533 shares during the last quarter. State Board of Administration of Florida Retirement System acquired a new stake in shares of Forrester Research during the 1st quarter valued at approximately $186,000. Paloma Partners Management Co acquired a new position in Forrester Research in the first quarter worth $222,000. Finally, Quantbot Technologies LP bought a new stake in Forrester Research during the first quarter valued at $223,000. Institutional investors and hedge funds own 55.20% of the company’s stock.

About Forrester Research

(Get Free Report)

Forrester Research, Inc operates as an independent research and advisory company in the United States and internationally. The company operates in three segments: Research, Consulting, and Events. The Research segment primary subscription research services include Forrester Decisions, Forrester Research, and SiriusDecisions Research, which are designed to provide business and technology leaders with a proven path to growth through customer obsession.

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