Forrester Research’s (FORR) Hold Rating Reaffirmed at Barrington Research

Forrester Research (NASDAQ:FORR)‘s stock had its “hold” rating restated by research analysts at Barrington Research in a report issued on Friday, AnalystRatings.com reports.

A number of other research analysts also recently weighed in on the stock. BidaskClub downgraded shares of Forrester Research from a “buy” rating to a “hold” rating in a research report on Saturday, January 18th. TheStreet raised shares of Forrester Research from a “d+” rating to a “c-” rating in a research report on Wednesday. Finally, Zacks Investment Research downgraded shares of Forrester Research from a “buy” rating to a “hold” rating in a research report on Thursday, October 31st. Three research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. Forrester Research has a consensus rating of “Buy” and a consensus target price of $51.00.

NASDAQ:FORR traded up $0.28 on Friday, hitting $46.28. The stock had a trading volume of 403 shares, compared to its average volume of 58,373. The company has a debt-to-equity ratio of 1.27, a quick ratio of 0.61 and a current ratio of 0.61. The stock has a market cap of $802.05 million, a P/E ratio of -89.78, a price-to-earnings-growth ratio of 22.43 and a beta of 0.78. Forrester Research has a 1 year low of $30.76 and a 1 year high of $51.75. The firm’s fifty day simple moving average is $42.60 and its two-hundred day simple moving average is $38.19.

Forrester Research (NASDAQ:FORR) last posted its quarterly earnings data on Thursday, February 13th. The technology company reported $0.57 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.48 by $0.09. Forrester Research had a negative net margin of 2.08% and a negative return on equity of 6.13%. The firm had revenue of $124.27 million during the quarter, compared to analyst estimates of $123.24 million. Equities research analysts predict that Forrester Research will post -0.7 EPS for the current year.

In other news, Director Gretchen Teichgraeber sold 1,075 shares of the stock in a transaction that occurred on Thursday, December 12th. The shares were sold at an average price of $41.50, for a total transaction of $44,612.50. Following the completion of the transaction, the director now directly owns 16,626 shares of the company’s stock, valued at approximately $689,979. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders have sold a total of 2,621 shares of company stock valued at $103,203 over the last three months. Insiders own 43.40% of the company’s stock.

A number of institutional investors and hedge funds have recently added to or reduced their stakes in FORR. Royce & Associates LP boosted its holdings in Forrester Research by 787.0% in the 4th quarter. Royce & Associates LP now owns 244,023 shares of the technology company’s stock worth $10,176,000 after buying an additional 216,513 shares during the period. William Blair Investment Management LLC bought a new position in Forrester Research in the 4th quarter worth approximately $8,269,000. Nuveen Asset Management LLC bought a new position in Forrester Research in the 2nd quarter worth approximately $4,392,000. Osborne Partners Capital Management LLC bought a new position in Forrester Research in the 4th quarter worth approximately $2,032,000. Finally, GW&K Investment Management LLC boosted its holdings in Forrester Research by 41.9% in the 3rd quarter. GW&K Investment Management LLC now owns 154,898 shares of the technology company’s stock worth $4,978,000 after buying an additional 45,724 shares during the period. 52.77% of the stock is owned by institutional investors.

Forrester Research Company Profile

Forrester Research, Inc operates as an independent research, data, and advisory services company. It operates through Research, Product, and Project Consulting segments. Its primary syndicated research product is Research, which offers clients with access to its syndicated research designed to inform their strategic decision-making.

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