Trexquant Investment LP Decreases Stake in Forrester Research, Inc. $FORR

Trexquant Investment LP lowered its position in shares of Forrester Research, Inc. (NASDAQ:FORR) by 57.6% in the first quarter, according to its most recent 13F filing with the SEC. The firm owned 26,040 shares of the technology company’s stock after selling 35,309 shares during the quarter. Trexquant Investment LP owned about 0.14% of Forrester Research worth $241,000 as of its most recent filing with the SEC.

Other institutional investors have also modified their holdings of the company. Tower Research Capital LLC TRC grew its holdings in shares of Forrester Research by 50.1% during the 4th quarter. Tower Research Capital LLC TRC now owns 3,455 shares of the technology company’s stock worth $54,000 after purchasing an additional 1,153 shares during the period. AlphaQuest LLC grew its holdings in shares of Forrester Research by 45.9% during the 1st quarter. AlphaQuest LLC now owns 14,264 shares of the technology company’s stock worth $132,000 after purchasing an additional 4,485 shares during the period. Squarepoint Ops LLC grew its holdings in shares of Forrester Research by 23.0% during the 4th quarter. Squarepoint Ops LLC now owns 12,944 shares of the technology company’s stock worth $203,000 after purchasing an additional 2,418 shares during the period. Walleye Capital LLC grew its holdings in shares of Forrester Research by 84.6% during the 1st quarter. Walleye Capital LLC now owns 27,055 shares of the technology company’s stock worth $250,000 after purchasing an additional 12,399 shares during the period. Finally, Nuveen LLC purchased a new stake in shares of Forrester Research during the 1st quarter worth about $299,000. Hedge funds and other institutional investors own 55.20% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of analysts have recently issued reports on FORR shares. Zacks Research upgraded Forrester Research from a “strong sell” rating to a “hold” rating in a report on Wednesday, September 3rd. Wall Street Zen upgraded Forrester Research from a “hold” rating to a “buy” rating in a report on Thursday, May 22nd. Two equities research analysts have rated the stock with a Hold rating, According to data from MarketBeat.com, Forrester Research currently has an average rating of “Hold”.

Forrester Research Stock Performance

Forrester Research stock opened at $9.86 on Wednesday. The stock has a market cap of $187.93 million, a P/E ratio of -2.10, a price-to-earnings-growth ratio of 0.91 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. The stock has a 50 day moving average of $10.03 and a 200-day moving average of $10.03. Forrester Research, Inc. has a 52 week low of $8.50 and a 52 week high of $19.74.

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.