Forrester Research (NASDAQ:FORR – Get Free Report) was upgraded by analysts at StockNews.com from a “hold” rating to a “buy” rating in a research report issued to clients and investors on Tuesday.
Forrester Research Stock Performance
Shares of FORR traded up $0.14 during midday trading on Tuesday, reaching $17.09. The stock had a trading volume of 104,204 shares, compared to its average volume of 117,323. The firm has a market cap of $325.74 million, a PE ratio of -48.83, a P/E/G ratio of 1.32 and a beta of 0.88. The firm has a 50 day simple moving average of $16.72 and a 200-day simple moving average of $17.60. Forrester Research has a one year low of $14.38 and a one year high of $27.89. The company has a current ratio of 0.91, a quick ratio of 0.91 and a debt-to-equity ratio of 0.15.
Hedge Funds Weigh In On Forrester Research
Several institutional investors and hedge funds have recently modified their holdings of FORR. Acadian Asset Management LLC bought a new stake in shares of Forrester Research in the first quarter valued at approximately $812,000. Millennium Management LLC grew its holdings in shares of Forrester Research by 134.7% during the 2nd quarter. Millennium Management LLC now owns 274,440 shares of the technology company’s stock worth $4,687,000 after purchasing an additional 157,510 shares in the last quarter. Assenagon Asset Management S.A. bought a new position in shares of Forrester Research in the second quarter worth $995,000. Cubist Systematic Strategies LLC raised its stake in Forrester Research by 111.2% in the second quarter. Cubist Systematic Strategies LLC now owns 86,063 shares of the technology company’s stock valued at $1,470,000 after purchasing an additional 45,315 shares in the last quarter. Finally, AXA S.A. bought a new stake in Forrester Research during the second quarter worth about $803,000. 55.20% of the stock is currently owned by institutional investors and hedge funds.
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.
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