Forrester Research (NASDAQ:FORR) Raised to Buy at StockNews.com

Forrester Research (NASDAQ:FORR) was upgraded by StockNews.com from a “hold” rating to a “buy” rating in a research report issued on Wednesday.

Forrester Research Price Performance

FORR stock opened at $16.70 on Wednesday. The firm has a 50-day moving average of $16.25 and a two-hundred day moving average of $17.39. Forrester Research has a one year low of $14.38 and a one year high of $27.89. The company has a current ratio of 0.98, a quick ratio of 0.98 and a debt-to-equity ratio of 0.15. The firm has a market capitalization of $317.30 million, a PE ratio of -47.71, a P/E/G ratio of 1.40 and a beta of 0.90.

Institutional Trading of Forrester Research

Hedge funds and other institutional investors have recently modified their holdings of the business. ArrowMark Colorado Holdings LLC lifted its position in shares of Forrester Research by 3.5% in the third quarter. ArrowMark Colorado Holdings LLC now owns 784,521 shares of the technology company’s stock worth $14,129,000 after purchasing an additional 26,810 shares in the last quarter. Millennium Management LLC lifted its position in Forrester Research by 134.7% in the 2nd quarter. Millennium Management LLC now owns 274,440 shares of the technology company’s stock worth $4,687,000 after buying an additional 157,510 shares in the last quarter. Ballentine Partners LLC boosted its stake in shares of Forrester Research by 1.7% during the 3rd quarter. Ballentine Partners LLC now owns 254,399 shares of the technology company’s stock valued at $4,582,000 after buying an additional 4,342 shares during the period. State Street Corp grew its holdings in shares of Forrester Research by 1.0% during the 3rd quarter. State Street Corp now owns 253,181 shares of the technology company’s stock valued at $4,560,000 after acquiring an additional 2,589 shares in the last quarter. Finally, Acadian Asset Management LLC increased its stake in shares of Forrester Research by 511.8% in the second quarter. Acadian Asset Management LLC now owns 230,848 shares of the technology company’s stock worth $3,940,000 after acquiring an additional 193,116 shares during the last quarter. Institutional investors and hedge funds own 55.20% of the company’s stock.

About Forrester Research

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.