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

StockNews.com lowered shares of Forrester Research (NASDAQ:FORR) from a buy rating to a hold rating in a report released on Friday morning.

Forrester Research Stock Up 0.8 %

Shares of NASDAQ FORR opened at $18.75 on Friday. The company has a quick ratio of 0.90, a current ratio of 0.90 and a debt-to-equity ratio of 0.15. Forrester Research has a 52 week low of $18.30 and a 52 week high of $33.75. The firm has a 50-day moving average price of $20.29 and a 200 day moving average price of $23.94. The stock has a market capitalization of $363.56 million, a price-to-earnings ratio of 110.29, a price-to-earnings-growth ratio of 1.33 and a beta of 0.91.

Forrester Research (NASDAQ:FORR) last announced its quarterly earnings data on Thursday, February 8th. The technology company reported $0.09 EPS for the quarter, missing the consensus estimate of $0.11 by ($0.02). The company had revenue of $118.09 million during the quarter, compared to analyst estimates of $116.43 million. Forrester Research had a net margin of 0.63% and a return on equity of 10.77%. Equities research analysts anticipate that Forrester Research will post 1.04 EPS for the current fiscal year.

Insiders Place Their Bets

In other Forrester Research news, Director Robert Galford sold 13,000 shares of Forrester Research stock in a transaction dated Tuesday, February 13th. The shares were sold at an average price of $20.73, for a total transaction of $269,490.00. Following the completion of the transaction, the director now owns 20,489 shares in the company, valued at $424,736.97. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 39.20% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Forrester Research

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Captrust Financial Advisors raised its position in shares of Forrester Research by 250.0% in the first quarter. Captrust Financial Advisors now owns 469 shares of the technology company’s stock valued at $26,000 after buying an additional 335 shares during the last quarter. PNC Financial Services Group Inc. raised its position in shares of Forrester Research by 120.8% in the fourth quarter. PNC Financial Services Group Inc. now owns 689 shares of the technology company’s stock valued at $25,000 after buying an additional 377 shares during the last quarter. Tower Research Capital LLC TRC raised its position in shares of Forrester Research by 109.4% in the first quarter. Tower Research Capital LLC TRC now owns 760 shares of the technology company’s stock valued at $25,000 after buying an additional 397 shares during the last quarter. FMR LLC raised its position in shares of Forrester Research by 104.7% in the first quarter. FMR LLC now owns 790 shares of the technology company’s stock valued at $26,000 after buying an additional 404 shares during the last quarter. Finally, Legal & General Group Plc raised its position in shares of Forrester Research by 1.2% in the second quarter. Legal & General Group Plc now owns 34,776 shares of the technology company’s stock valued at $1,663,000 after buying an additional 417 shares during the last quarter. Institutional investors and hedge funds own 55.20% of the company’s stock.

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.