Forrester Research (NASDAQ:FORR) Lowered to “Hold” Rating by StockNews.com

StockNews.com downgraded shares of Forrester Research (NASDAQ:FORR) from a buy rating to a hold rating in a research note issued to investors on Tuesday.

Forrester Research Stock Down 1.4 %

Forrester Research stock opened at $16.93 on Tuesday. The firm has a market cap of $321.60 million, a price-to-earnings ratio of -48.37, a P/E/G ratio of 1.36 and a beta of 0.88. The firm has a fifty day moving average price of $16.41 and a two-hundred day moving average price of $17.47. Forrester Research has a fifty-two week low of $14.38 and a fifty-two week high of $27.89. The company has a debt-to-equity ratio of 0.15, a current ratio of 0.98 and a quick ratio of 0.98.

Institutional Trading of Forrester Research

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the business. State Board of Administration of Florida Retirement System acquired a new position in Forrester Research during the 1st quarter valued at $186,000. Quadrature Capital Ltd bought a new position in shares of Forrester Research during the 1st quarter worth about $315,000. Price T Rowe Associates Inc. MD raised its position in shares of Forrester Research by 31.4% during the first quarter. Price T Rowe Associates Inc. MD now owns 29,259 shares of the technology company’s stock valued at $631,000 after buying an additional 6,988 shares during the last quarter. Comerica Bank lifted its stake in shares of Forrester Research by 123.3% in the first quarter. Comerica Bank now owns 11,789 shares of the technology company’s stock valued at $254,000 after buying an additional 6,510 shares during the period. Finally, Wedge Capital Management L L P NC grew its position in Forrester Research by 24.9% during the second quarter. Wedge Capital Management L L P NC now owns 57,632 shares of the technology company’s stock worth $984,000 after buying an additional 11,472 shares in the last quarter. Institutional investors and hedge funds own 55.20% of the company’s stock.

Forrester Research Company Profile

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.