Forrester Research (NASDAQ:FORR) Downgraded to Hold at StockNews.com

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

Forrester Research Price Performance

Forrester Research stock opened at $18.75 on Friday. Forrester Research has a 52 week low of $18.30 and a 52 week high of $33.75. The business has a 50-day simple moving average of $20.24 and a 200 day simple moving average of $23.87. The company has a quick ratio of 0.90, a current ratio of 0.90 and a debt-to-equity ratio of 0.15. The stock has a market cap of $363.56 million, a price-to-earnings ratio of 110.29, a PEG ratio of 1.33 and a beta of 0.91.

Forrester Research (NASDAQ:FORR) last posted its earnings results on Thursday, February 8th. The technology company reported $0.09 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 business had revenue of $118.09 million for the quarter, compared to analysts’ expectations of $116.43 million. On average, research analysts forecast that Forrester Research will post 1.04 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other Forrester Research news, Director Robert Galford sold 13,000 shares of Forrester Research stock in a transaction dated Tuesday, February 13th. The stock was 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 owns 20,489 shares of the company’s stock, valued at $424,736.97. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Corporate insiders own 39.20% of the company’s stock.

Institutional Investors Weigh In On Forrester Research

Several hedge funds have recently added to or reduced their stakes in FORR. PNC Financial Services Group Inc. lifted its stake in Forrester Research by 120.8% during the fourth quarter. PNC Financial Services Group Inc. now owns 689 shares of the technology company’s stock worth $25,000 after purchasing an additional 377 shares during the last quarter. Tower Research Capital LLC TRC lifted its stake in shares of Forrester Research by 109.4% in the 1st quarter. Tower Research Capital LLC TRC now owns 760 shares of the technology company’s stock valued at $25,000 after acquiring an additional 397 shares during the last quarter. Captrust Financial Advisors lifted its stake in shares of Forrester Research by 250.0% in the 1st quarter. Captrust Financial Advisors now owns 469 shares of the technology company’s stock valued at $26,000 after acquiring an additional 335 shares during the last quarter. FMR LLC lifted its stake in shares of Forrester Research by 104.7% in the 1st quarter. FMR LLC now owns 790 shares of the technology company’s stock valued at $26,000 after acquiring an additional 404 shares during the last quarter. Finally, Quest Partners LLC bought a new stake in shares of Forrester Research in the 4th quarter valued at about $28,000. Institutional investors own 55.20% of the company’s stock.

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.