Forrester Research (NASDAQ:FORR) Upgraded at Wall Street Zen

Forrester Research (NASDAQ:FORR) was upgraded by Wall Street Zen from a “hold” rating to a “buy” rating in a research note issued on Saturday.

A number of other analysts have also recently issued reports on FORR. Zacks Research upgraded Forrester Research from a “strong sell” rating to a “hold” rating in a research report on Monday, January 12th. Weiss Ratings reiterated a “sell (e+)” rating on shares of Forrester Research in a research note on Monday, December 29th. Two research analysts have rated the stock with a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, Forrester Research currently has an average rating of “Reduce”.

Forrester Research Stock Performance

NASDAQ:FORR opened at $7.27 on Friday. The firm’s 50-day moving average is $7.62 and its 200-day moving average is $8.68. The company has a market cap of $138.13 million, a price-to-earnings ratio of -1.61, a PEG ratio of 0.65 and a beta of 0.93. The company has a debt-to-equity ratio of 0.22, a quick ratio of 1.06 and a current ratio of 1.06. Forrester Research has a 52-week low of $6.60 and a 52-week high of $15.26.

Institutional Investors Weigh In On Forrester Research

Large investors have recently made changes to their positions in the company. GAMMA Investing LLC lifted its holdings in Forrester Research by 2,589.5% during the 3rd quarter. GAMMA Investing LLC now owns 3,066 shares of the technology company’s stock valued at $32,000 after purchasing an additional 2,952 shares during the last quarter. CWM LLC increased its holdings in shares of Forrester Research by 279.6% during the second quarter. CWM LLC now owns 4,244 shares of the technology company’s stock worth $42,000 after buying an additional 3,126 shares in the last quarter. Versant Capital Management Inc raised its stake in shares of Forrester Research by 300.3% in the third quarter. Versant Capital Management Inc now owns 4,616 shares of the technology company’s stock valued at $49,000 after acquiring an additional 3,463 shares during the last quarter. BNP Paribas Financial Markets boosted its holdings in shares of Forrester Research by 402.0% in the 3rd quarter. BNP Paribas Financial Markets now owns 6,190 shares of the technology company’s stock worth $66,000 after acquiring an additional 4,957 shares in the last quarter. Finally, Strs Ohio acquired a new position in shares of Forrester Research in the 4th quarter worth approximately $90,000. Institutional investors own 55.20% of the company’s stock.

About Forrester Research

Forrester Research, Inc is a leading global research and advisory firm that provides insights and guidance to business and technology leaders. Founded in 1983 and headquartered in Cambridge, Massachusetts, the company offers a wide range of services designed to help clients understand market dynamics, evaluate technology investments and develop customer-centric strategies. Forrester’s core offerings include syndicated research reports, bespoke advisory services, consulting engagements and data-driven analytics.

Through its extensive research practice, Forrester produces in-depth analyses of emerging technologies, industry trends and best practices across sectors such as information technology, marketing, customer experience and digital business.