Forrester Research (NASDAQ:FORR) Upgraded to Buy by StockNews.com

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

Forrester Research Trading Up 1.1 %

FORR opened at $17.08 on Thursday. Forrester Research has a one year low of $16.14 and a one year high of $32.79. The stock has a market capitalization of $326.40 million, a PE ratio of 569.33, a P/E/G ratio of 1.21 and a beta of 0.92. The business’s 50 day moving average price is $17.94 and its 200 day moving average price is $21.13. The company has a debt-to-equity ratio of 0.15, a quick ratio of 0.91 and a current ratio of 0.91.

Forrester Research (NASDAQ:FORR) last released its quarterly earnings data on Tuesday, April 30th. The technology company reported ($0.03) EPS for the quarter, missing analysts’ consensus estimates of $0.09 by ($0.12). Forrester Research had a net margin of 0.10% and a return on equity of 9.30%. The business had revenue of $100.08 million during the quarter, compared to analyst estimates of $104.21 million. As a group, equities research analysts expect that Forrester Research will post 1.04 EPS for the current year.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the company. Total Clarity Wealth Management Inc. lifted its stake in Forrester Research by 135.9% during the fourth quarter. Total Clarity Wealth Management Inc. now owns 16,795 shares of the technology company’s stock worth $450,000 after purchasing an additional 9,674 shares in the last quarter. Swiss National Bank lifted its stake in Forrester Research by 2.8% during the third quarter. Swiss National Bank now owns 25,350 shares of the technology company’s stock worth $733,000 after purchasing an additional 700 shares in the last quarter. Vanguard Group Inc. lifted its stake in Forrester Research by 0.5% during the third quarter. Vanguard Group Inc. now owns 1,389,683 shares of the technology company’s stock worth $40,162,000 after purchasing an additional 7,316 shares in the last quarter. Wedge Capital Management L L P NC lifted its stake in Forrester Research by 2.4% during the fourth quarter. Wedge Capital Management L L P NC now owns 25,456 shares of the technology company’s stock worth $682,000 after purchasing an additional 593 shares in the last quarter. Finally, SG Americas Securities LLC lifted its stake in Forrester Research by 20.8% during the fourth quarter. SG Americas Securities LLC now owns 4,380 shares of the technology company’s stock worth $117,000 after purchasing an additional 753 shares in the last quarter. 55.20% of the stock is currently owned by institutional investors and hedge funds.

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.