Forrester Research (NASDAQ:FORR) Upgraded at StockNews.com

StockNews.com upgraded shares of Forrester Research (NASDAQ:FORR) from a hold rating to a buy rating in a research note released on Saturday morning.

Forrester Research Stock Down 2.8 %

NASDAQ FORR opened at $15.66 on Friday. Forrester Research has a twelve month low of $14.38 and a twelve month high of $27.89. The stock has a market cap of $297.48 million, a PE ratio of -44.77, a PEG ratio of 1.36 and a beta of 0.90. The firm has a 50-day simple moving average of $16.24 and a 200 day simple moving average of $17.31. The company has a debt-to-equity ratio of 0.15, a quick ratio of 0.98 and a current ratio of 0.98.

Institutional Trading of Forrester Research

Institutional investors and hedge funds have recently modified their holdings of the company. Point72 DIFC Ltd lifted its position in Forrester Research by 62.4% in the second quarter. Point72 DIFC Ltd now owns 1,713 shares of the technology company’s stock worth $29,000 after purchasing an additional 658 shares during the period. FMR LLC lifted its holdings in shares of Forrester Research by 138.7% during the 3rd quarter. FMR LLC now owns 2,535 shares of the technology company’s stock worth $46,000 after acquiring an additional 1,473 shares during the period. Comerica Bank boosted its position in shares of Forrester Research by 123.3% during the 1st quarter. Comerica Bank now owns 11,789 shares of the technology company’s stock valued at $254,000 after acquiring an additional 6,510 shares in the last quarter. Quest Partners LLC increased its stake in Forrester Research by 1,438.0% in the second quarter. Quest Partners LLC now owns 17,041 shares of the technology company’s stock valued at $291,000 after acquiring an additional 15,933 shares during the period. Finally, Rhumbline Advisers increased its stake in Forrester Research by 17.4% in the second quarter. Rhumbline Advisers now owns 17,951 shares of the technology company’s stock valued at $307,000 after acquiring an additional 2,661 shares during the period. 55.20% of the stock is currently owned by institutional investors.

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.