Forrester Research (NASDAQ:FORR) Downgraded by StockNews.com to Hold

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

Separately, Barrington Research lowered their price target on Forrester Research from $39.00 to $32.00 in a research report on Monday, May 15th.

Forrester Research Price Performance

FORR opened at $28.41 on Friday. The stock has a 50-day moving average price of $30.51 and a 200-day moving average price of $33.49. The company has a debt-to-equity ratio of 0.16, a current ratio of 0.84 and a quick ratio of 0.84. The firm has a market cap of $545.47 million, a PE ratio of 40.59, a P/E/G ratio of 2.50 and a beta of 0.94. Forrester Research has a 1 year low of $22.62 and a 1 year high of $52.86.

Insiders Place Their Bets

In other Forrester Research news, Director Anthony J. Friscia sold 1,850 shares of the business’s stock in a transaction dated Tuesday, May 16th. The stock was sold at an average price of $25.54, for a total value of $47,249.00. Following the completion of the transaction, the director now owns 15,065 shares of the company’s stock, valued at approximately $384,760.10. The sale was disclosed in a legal filing with the SEC, which is available through this link. In other news, insider Steven P. Peltzman sold 2,206 shares of the company’s stock in a transaction dated Tuesday, March 7th. The shares were sold at an average price of $33.95, for a total transaction of $74,893.70. Following the completion of the sale, the insider now owns 15,091 shares of the company’s stock, valued at approximately $512,339.45. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Anthony J. Friscia sold 1,850 shares of the company’s stock in a transaction dated Tuesday, May 16th. The shares were sold at an average price of $25.54, for a total transaction of $47,249.00. Following the sale, the director now directly owns 15,065 shares of the company’s stock, valued at approximately $384,760.10. The disclosure for this sale can be found here. 39.50% of the stock is owned by insiders.

Institutional Investors Weigh In On Forrester Research

Hedge funds and other institutional investors have recently made changes to their positions in the business. PNC Financial Services Group Inc. increased its position in shares of Forrester Research by 120.8% during the 4th quarter. PNC Financial Services Group Inc. now owns 689 shares of the technology company’s stock valued at $25,000 after purchasing an additional 377 shares during the last quarter. Tower Research Capital LLC TRC grew its stake in shares of Forrester Research by 109.4% during the 1st quarter. Tower Research Capital LLC TRC now owns 760 shares of the technology company’s stock valued at $25,000 after acquiring an additional 397 shares during the period. Captrust Financial Advisors grew its stake in shares of Forrester Research by 250.0% during the 1st quarter. Captrust Financial Advisors now owns 469 shares of the technology company’s stock valued at $26,000 after acquiring an additional 335 shares during the period. FMR LLC grew its stake in shares of Forrester Research by 104.7% during the 1st quarter. FMR LLC now owns 790 shares of the technology company’s stock valued at $26,000 after acquiring an additional 404 shares during the period. Finally, Quadrant Capital Group LLC grew its stake in shares of Forrester Research by 582.8% during the 4th quarter. Quadrant Capital Group LLC now owns 1,154 shares of the technology company’s stock valued at $41,000 after acquiring an additional 985 shares during the period. Hedge funds and other institutional investors own 54.81% of the company’s stock.

Forrester Research Company Profile

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Forrester Research, Inc engages in the provision of advisory services. It operates through the following business segments: Research, Consulting, and Events. The Research segment includes the revenues of the research, connect, and analytics products. The Consulting segment consists of project consulting organization.