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

Forrester Research (NASDAQ:FORR) was downgraded by equities researchers at StockNews.com from a “buy” rating to a “hold” rating in a research report issued on Tuesday.

Forrester Research Stock Up 1.6 %

Shares of NASDAQ FORR opened at $17.20 on Tuesday. The company has a quick ratio of 0.98, a current ratio of 0.98 and a debt-to-equity ratio of 0.15. Forrester Research has a 52 week low of $14.38 and a 52 week high of $27.89. The firm’s fifty day moving average is $16.33 and its 200 day moving average is $17.45. The company has a market cap of $326.80 million, a price-to-earnings ratio of -49.14, a PEG ratio of 1.39 and a beta of 0.88.

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in the stock. Point72 DIFC Ltd increased its position in Forrester Research by 62.4% during the 2nd quarter. Point72 DIFC Ltd now owns 1,713 shares of the technology company’s stock valued at $29,000 after purchasing an additional 658 shares during the period. FMR LLC increased its position in Forrester Research by 138.7% during the 3rd quarter. FMR LLC now owns 2,535 shares of the technology company’s stock valued at $46,000 after purchasing an additional 1,473 shares during the period. State Street Corp increased its position in 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 purchasing an additional 2,589 shares during the period. Rhumbline Advisers increased its position in Forrester Research by 17.4% during the 2nd quarter. Rhumbline Advisers now owns 17,951 shares of the technology company’s stock valued at $307,000 after purchasing an additional 2,661 shares during the period. Finally, Charles Schwab Investment Management Inc. increased its position in Forrester Research by 3.5% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 96,308 shares of the technology company’s stock valued at $1,735,000 after purchasing an additional 3,289 shares during the period. 55.20% of the stock is owned by hedge funds and other 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.