StockNews.com Upgrades Forrester Research (NASDAQ:FORR) to “Buy”

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

Forrester Research Price Performance

NASDAQ FORR opened at $17.09 on Tuesday. Forrester Research has a twelve month low of $14.38 and a twelve month high of $27.89. The stock has a market cap of $324.71 million, a PE ratio of -48.83, a PEG ratio of 1.39 and a beta of 0.88. The firm has a 50-day simple moving average of $16.67 and a 200 day simple moving average of $17.58. The company has a debt-to-equity ratio of 0.15, a quick ratio of 0.91 and a current ratio of 0.98.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of FORR. Kent Lake Capital LLC bought a new stake in Forrester Research in the 1st quarter valued at $11,473,000. Ballentine Partners LLC acquired a new stake in shares of Forrester Research during the 2nd quarter valued at about $4,271,000. Acadian Asset Management LLC boosted its position in shares of Forrester Research by 511.8% during the 2nd quarter. Acadian Asset Management LLC now owns 230,848 shares of the technology company’s stock valued at $3,940,000 after acquiring an additional 193,116 shares in the last quarter. Millennium Management LLC increased its stake in Forrester Research by 134.7% in the second quarter. Millennium Management LLC now owns 274,440 shares of the technology company’s stock valued at $4,687,000 after acquiring an additional 157,510 shares during the period. Finally, Assenagon Asset Management S.A. acquired a new position in Forrester Research in the second quarter worth about $995,000. 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.