Forrester Research (NASDAQ:FORR) Upgraded at Zacks Research

Zacks Research upgraded shares of Forrester Research (NASDAQ:FORR) from a strong sell rating to a hold rating in a report issued on Wednesday morning,Zacks.com reports.

Separately, Wall Street Zen raised Forrester Research from a “hold” rating to a “buy” rating in a research note on Thursday, May 22nd. Two analysts have rated the stock with a Hold rating, Based on data from MarketBeat.com, the company has a consensus rating of “Hold”.

Forrester Research Trading Up 0.7%

Shares of FORR stock opened at $9.78 on Wednesday. The stock has a 50-day moving average of $10.04 and a 200-day moving average of $10.07. Forrester Research has a 1-year low of $8.50 and a 1-year high of $19.74. The stock has a market cap of $186.44 million, a price-to-earnings ratio of -2.08, a PEG ratio of 0.89 and a beta of 0.95. The company has a current ratio of 1.09, a quick ratio of 1.09 and a debt-to-equity ratio of 0.22.

Institutional Trading of Forrester Research

Hedge funds have recently bought and sold shares of the business. Wells Fargo & Company MN lifted its holdings in Forrester Research by 27.8% during the fourth quarter. Wells Fargo & Company MN now owns 6,880 shares of the technology company’s stock worth $108,000 after acquiring an additional 1,497 shares during the period. Millennium Management LLC lifted its holdings in Forrester Research by 57.1% during the fourth quarter. Millennium Management LLC now owns 120,713 shares of the technology company’s stock worth $1,892,000 after acquiring an additional 43,851 shares during the period. Pacific Ridge Capital Partners LLC lifted its holdings in Forrester Research by 18.9% during the first quarter. Pacific Ridge Capital Partners LLC now owns 215,313 shares of the technology company’s stock worth $1,989,000 after acquiring an additional 34,155 shares during the period. Price T Rowe Associates Inc. MD lifted its holdings in Forrester Research by 8.8% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 35,518 shares of the technology company’s stock worth $557,000 after acquiring an additional 2,862 shares during the period. Finally, Bank of New York Mellon Corp lifted its holdings in Forrester Research by 8.4% during the first quarter. Bank of New York Mellon Corp now owns 47,903 shares of the technology company’s stock worth $443,000 after acquiring an additional 3,699 shares during the period. 55.20% of the stock is currently owned by 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.