Forrester Research (NASDAQ:FORR) Downgraded by Barrington Research to Market Perform

Barrington Research lowered shares of Forrester Research (NASDAQ:FORR) from an outperform rating to a market perform rating in a report released on Monday morning, MarketBeat.com reports.

Separately, StockNews.com assumed coverage on Forrester Research in a report on Thursday, October 5th. They issued a buy rating on the stock.

Forrester Research Price Performance

Shares of NASDAQ:FORR opened at $23.82 on Monday. Forrester Research has a 52 week low of $22.62 and a 52 week high of $42.86. The company has a market cap of $459.73 million, a P/E ratio of 216.57, a P/E/G ratio of 1.24 and a beta of 0.91. The company has a quick ratio of 0.86, a current ratio of 0.86 and a debt-to-equity ratio of 0.15. The business has a fifty day simple moving average of $29.23 and a 200-day simple moving average of $29.77.

Insider Transactions at Forrester Research

In other news, insider Carrie Johnson sold 1,117 shares of Forrester Research stock in a transaction dated Thursday, August 3rd. The stock was sold at an average price of $32.01, for a total transaction of $35,755.17. Following the sale, the insider now directly owns 8,811 shares of the company’s stock, valued at $282,040.11. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. In other news, insider Steven P. Peltzman sold 1,200 shares of Forrester Research stock in a transaction dated Monday, August 7th. The stock was sold at an average price of $32.05, for a total transaction of $38,460.00. Following the sale, the insider now directly owns 17,081 shares of the company’s stock, valued at $547,446.05. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, insider Carrie Johnson sold 1,117 shares of Forrester Research stock in a transaction dated Thursday, August 3rd. The stock was sold at an average price of $32.01, for a total value of $35,755.17. Following the sale, the insider now directly owns 8,811 shares in the company, valued at $282,040.11. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 2,417 shares of company stock valued at $77,393. 39.50% of the stock is currently owned by insiders.

Institutional Trading of Forrester Research

A number of hedge funds and other institutional investors have recently modified their holdings of the business. Captrust Financial Advisors increased its holdings in 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. increased its holdings in 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 increased its holdings in 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 increased its holdings in 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, Lazard Asset Management LLC increased its holdings in Forrester Research by 846.0% in the first quarter. Lazard Asset Management LLC now owns 946 shares of the technology company’s stock valued at $53,000 after buying an additional 846 shares during the last quarter. 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.