Acadian Asset Management LLC Has $3.07 Million Stock Holdings in Forrester Research, Inc. $FORR

Acadian Asset Management LLC reduced its position in shares of Forrester Research, Inc. (NASDAQ:FORR) by 6.7% in the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 332,498 shares of the technology company’s stock after selling 23,887 shares during the period. Acadian Asset Management LLC owned about 1.74% of Forrester Research worth $3,070,000 at the end of the most recent quarter.

Several other large investors have also recently added to or reduced their stakes in the company. Jane Street Group LLC acquired a new stake in shares of Forrester Research during the first quarter worth approximately $178,000. Petrus Trust Company LTA increased its holdings in Forrester Research by 115.4% during the 1st quarter. Petrus Trust Company LTA now owns 34,360 shares of the technology company’s stock valued at $317,000 after purchasing an additional 18,410 shares in the last quarter. Invenomic Capital Management LP raised its position in Forrester Research by 99.4% in the 1st quarter. Invenomic Capital Management LP now owns 322,163 shares of the technology company’s stock valued at $2,977,000 after purchasing an additional 160,569 shares during the last quarter. Jacobs Levy Equity Management Inc. acquired a new position in Forrester Research in the first quarter worth $149,000. Finally, Worth Venture Partners LLC bought a new stake in shares of Forrester Research during the first quarter worth $333,000. 55.20% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

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

Forrester Research Stock Performance

Forrester Research stock opened at $10.36 on Tuesday. The company has a current ratio of 1.09, a quick ratio of 1.09 and a debt-to-equity ratio of 0.22. Forrester Research, Inc. has a 1 year low of $8.50 and a 1 year high of $19.74. The company has a market cap of $197.46 million, a PE ratio of -2.20, a PEG ratio of 0.93 and a beta of 0.95. The company’s 50-day moving average is $9.99 and its two-hundred day moving average is $9.98.

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.