StockNews.com downgraded shares of Forrester Research (NASDAQ:FORR – Free Report) from a buy rating to a hold rating in a report issued on Monday.
Forrester Research Stock Performance
Forrester Research stock traded up $0.21 during mid-day trading on Monday, reaching $21.21. The company’s stock had a trading volume of 437,836 shares, compared to its average volume of 160,280. The company has a market capitalization of $411.26 million, a P/E ratio of 124.76, a PEG ratio of 1.38 and a beta of 0.90. The firm’s fifty day moving average price is $22.69 and its two-hundred day moving average price is $25.42. Forrester Research has a 12-month low of $18.64 and a 12-month high of $34.00. The company has a debt-to-equity ratio of 0.15, a quick ratio of 0.86 and a current ratio of 0.90.
Forrester Research (NASDAQ:FORR – Get Free Report) last announced its quarterly earnings results on Thursday, February 8th. The technology company reported $0.09 earnings per share 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 analysts’ expectations of $116.43 million. Forrester Research had a net margin of 0.63% and a return on equity of 10.77%. Sell-side analysts predict that Forrester Research will post 1.04 EPS for the current fiscal year.
Insider Activity
In related news, Director Robert Galford sold 13,000 shares of the company’s stock in a transaction that occurred on Tuesday, February 13th. The shares were sold at an average price of $20.73, for a total transaction of $269,490.00. Following the sale, the director now owns 20,489 shares of the company’s stock, valued at approximately $424,736.97. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 39.50% of the stock is owned by company insiders.
Hedge Funds Weigh In On Forrester Research
Several hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Wellington Management Group LLP bought a new stake in shares of Forrester Research during the 4th quarter valued at about $2,327,000. Price T Rowe Associates Inc. MD raised its stake in Forrester Research by 45.8% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 22,271 shares of the technology company’s stock valued at $598,000 after purchasing an additional 7,000 shares in the last quarter. GSA Capital Partners LLP bought a new stake in Forrester Research during the fourth quarter valued at approximately $1,079,000. Barclays PLC grew its stake in Forrester Research by 79.8% in the 4th quarter. Barclays PLC now owns 29,107 shares of the technology company’s stock worth $780,000 after buying an additional 12,916 shares in the last quarter. Finally, Occudo Quantitative Strategies LP bought a new position in shares of Forrester Research in the 4th quarter worth $224,000. 55.20% of the stock is currently 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.