Forrester Research (NASDAQ:FORR) Upgraded at StockNews.com

Forrester Research (NASDAQ:FORR) was upgraded by StockNews.com from a “hold” rating to a “buy” rating in a research note issued on Thursday.

Forrester Research Stock Down 1.2 %

Shares of NASDAQ:FORR opened at $19.26 on Thursday. Forrester Research has a 52-week low of $18.64 and a 52-week high of $34.00. The firm has a fifty day moving average of $20.70 and a 200 day moving average of $24.26. The firm has a market capitalization of $373.45 million, a PE ratio of 113.29, a price-to-earnings-growth ratio of 1.38 and a beta of 0.91. The company has a debt-to-equity ratio of 0.15, a quick ratio of 0.90 and a current ratio of 0.90.

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

Insider Buying and Selling at Forrester Research

In other Forrester Research news, Director Robert Galford sold 13,000 shares of the company’s 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 sale, the director now directly owns 20,489 shares in the company, valued at $424,736.97. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Company insiders own 39.50% of the company’s stock.

Institutional Trading of Forrester Research

A number of institutional investors have recently modified their holdings of FORR. Bank of Montreal Can purchased a new stake in shares of Forrester Research during the first quarter worth about $200,000. MetLife Investment Management LLC lifted its position in shares of Forrester Research by 13.2% in the first quarter. MetLife Investment Management LLC now owns 5,365 shares of the technology company’s stock valued at $303,000 after acquiring an additional 627 shares in the last quarter. Rhumbline Advisers raised its position in Forrester Research by 4.8% during the first quarter. Rhumbline Advisers now owns 26,868 shares of the technology company’s stock valued at $1,516,000 after purchasing an additional 1,227 shares during the period. Commonwealth of Pennsylvania Public School Empls Retrmt SYS raised its position in Forrester Research by 14.1% during the first quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 9,586 shares of the technology company’s stock valued at $541,000 after purchasing an additional 1,182 shares during the period. Finally, Sei Investments Co. grew its stake in shares of Forrester Research by 224.5% during the first quarter. Sei Investments Co. now owns 16,929 shares of the technology company’s stock valued at $950,000 after buying an additional 11,712 shares during the last quarter. 55.20% of the stock is currently 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.