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

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

Forrester Research Trading Down 2.2 %

Shares of NASDAQ:FORR opened at $16.11 on Friday. The stock’s 50-day simple moving average is $16.24 and its two-hundred day simple moving average is $17.33. The stock has a market capitalization of $306.09 million, a price-to-earnings ratio of -46.03, a PEG ratio of 1.36 and a beta of 0.90. Forrester Research has a 52-week low of $14.38 and a 52-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.

Institutional Trading of Forrester Research

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

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.