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

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

Forrester Research Stock Down 2.2 %

Forrester Research stock opened at $16.11 on Friday. Forrester Research has a fifty-two week low of $14.38 and a fifty-two week high of $27.89. The company has a debt-to-equity ratio of 0.15, a quick ratio of 0.98 and a current ratio of 0.98. The firm’s 50-day simple moving average is $16.24 and its 200 day simple moving average is $17.31. The stock has a market cap of $306.03 million, a PE ratio of -46.03, a price-to-earnings-growth ratio of 1.36 and a beta of 0.90.

Hedge Funds Weigh In On Forrester Research

Several institutional investors have recently modified their holdings of the business. Comerica Bank boosted its position in Forrester Research by 123.3% in the first quarter. Comerica Bank now owns 11,789 shares of the technology company’s stock worth $254,000 after purchasing an additional 6,510 shares during the last quarter. Assenagon Asset Management S.A. bought a new stake in shares of Forrester Research during the 2nd quarter worth $995,000. Bank of New York Mellon Corp boosted its holdings in shares of Forrester Research by 5.9% in the 2nd quarter. Bank of New York Mellon Corp now owns 59,248 shares of the technology company’s stock worth $1,012,000 after buying an additional 3,306 shares during the last quarter. Rhumbline Advisers grew its position in Forrester Research by 17.4% during the second quarter. Rhumbline Advisers now owns 17,951 shares of the technology company’s stock valued at $307,000 after buying an additional 2,661 shares during the period. Finally, Acadian Asset Management LLC increased its holdings in Forrester Research by 511.8% during the second quarter. Acadian Asset Management LLC now owns 230,848 shares of the technology company’s stock worth $3,940,000 after buying an additional 193,116 shares during the last quarter. 55.20% of the stock is owned by institutional investors.

Forrester Research Company Profile

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.