StockNews.com upgraded shares of Forrester Research (NASDAQ:FORR – Free Report) from a hold rating to a buy rating in a report issued on Tuesday.
Forrester Research Stock Performance
Shares of NASDAQ:FORR opened at $17.09 on Tuesday. Forrester Research has a 1 year low of $14.38 and a 1 year high of $27.89. The stock has a market capitalization of $325.74 million, a price-to-earnings ratio of -48.83, a price-to-earnings-growth ratio of 1.32 and a beta of 0.88. The company has a debt-to-equity ratio of 0.15, a current ratio of 0.91 and a quick ratio of 0.91. The company’s 50 day simple moving average is $16.72 and its 200 day simple moving average is $17.60.
Institutional Trading of Forrester Research
Several institutional investors and hedge funds have recently modified their holdings of the business. Kent Lake Capital LLC acquired a new position in Forrester Research during the first quarter worth about $11,473,000. Ballentine Partners LLC acquired a new position in Forrester Research during the 2nd quarter worth approximately $4,271,000. Acadian Asset Management LLC lifted its stake in Forrester Research by 511.8% in the 2nd quarter. Acadian Asset Management LLC now owns 230,848 shares of the technology company’s stock valued at $3,940,000 after purchasing an additional 193,116 shares during the last quarter. Millennium Management LLC boosted its position in Forrester Research by 134.7% in the second quarter. Millennium Management LLC now owns 274,440 shares of the technology company’s stock valued at $4,687,000 after buying an additional 157,510 shares in the last quarter. Finally, Assenagon Asset Management S.A. acquired a new position in shares of Forrester Research during the second quarter worth $995,000. 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.
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