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

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

Forrester Research Trading Up 0.8 %

Shares of Forrester Research stock traded up $0.14 on Friday, hitting $18.75. The stock had a trading volume of 111,677 shares, compared to its average volume of 149,955. The stock has a 50 day moving average of $20.29 and a 200 day moving average of $23.94. Forrester Research has a twelve month low of $18.30 and a twelve month high of $33.75. The company has a debt-to-equity ratio of 0.15, a quick ratio of 0.90 and a current ratio of 0.90. The firm has a market capitalization of $363.64 million, a P/E ratio of 110.29, a PEG ratio of 1.32 and a beta of 0.91.

Forrester Research (NASDAQ:FORR) last released its quarterly earnings data on Thursday, February 8th. The technology company reported $0.09 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.11 by ($0.02). Forrester Research had a net margin of 0.63% and a return on equity of 10.77%. The firm had revenue of $118.09 million during the quarter, compared to analyst estimates of $116.43 million. Sell-side analysts expect that Forrester Research will post 1.04 earnings per share for the current fiscal year.

Insider Buying and Selling at Forrester Research

In other Forrester Research news, Director Robert Galford sold 13,000 shares of the stock in a transaction that occurred on Tuesday, February 13th. The shares were 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 approximately $424,736.97. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 39.20% of the company’s stock.

Institutional Trading of Forrester Research

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Captrust Financial Advisors grew its position in shares of Forrester Research by 250.0% during the 1st quarter. Captrust Financial Advisors now owns 469 shares of the technology company’s stock worth $26,000 after buying an additional 335 shares during the period. PNC Financial Services Group Inc. grew its position in shares of Forrester Research by 120.8% during the 4th quarter. PNC Financial Services Group Inc. now owns 689 shares of the technology company’s stock worth $25,000 after buying an additional 377 shares during the period. Tower Research Capital LLC TRC grew its position in shares of Forrester Research by 109.4% during the 1st quarter. Tower Research Capital LLC TRC now owns 760 shares of the technology company’s stock worth $25,000 after buying an additional 397 shares during the period. FMR LLC grew its position in shares of Forrester Research by 104.7% during the 1st quarter. FMR LLC now owns 790 shares of the technology company’s stock worth $26,000 after buying an additional 404 shares during the period. Finally, Lazard Asset Management LLC grew its position in shares of Forrester Research by 846.0% during the 1st quarter. Lazard Asset Management LLC now owns 946 shares of the technology company’s stock worth $53,000 after buying an additional 846 shares during the period. Institutional investors and hedge funds own 55.20% of the company’s stock.

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.