Forrester Research (NASDAQ:FORR) Upgraded by StockNews.com to Buy Rating

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

Forrester Research Stock Performance

FORR stock opened at $16.70 on Wednesday. The company has a market capitalization of $317.30 million, a P/E ratio of -47.71, a PEG ratio of 1.40 and a beta of 0.90. The company has a quick ratio of 0.98, a current ratio of 0.98 and a debt-to-equity ratio of 0.15. The company has a 50-day simple moving average of $16.25 and a 200 day simple moving average of $17.39. Forrester Research has a fifty-two week low of $14.38 and a fifty-two week high of $27.89.

Institutional Investors Weigh In On Forrester Research

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Point72 DIFC Ltd increased its position in shares of Forrester Research by 62.4% during the 2nd quarter. Point72 DIFC Ltd now owns 1,713 shares of the technology company’s stock valued at $29,000 after purchasing an additional 658 shares during the period. FMR LLC grew its holdings in Forrester Research by 138.7% during the third quarter. FMR LLC now owns 2,535 shares of the technology company’s stock worth $46,000 after acquiring an additional 1,473 shares during the period. Comerica Bank raised its position in Forrester Research by 123.3% in the first quarter. Comerica Bank now owns 11,789 shares of the technology company’s stock worth $254,000 after acquiring an additional 6,510 shares in the last quarter. Quest Partners LLC lifted its holdings in Forrester Research by 1,438.0% in the 2nd quarter. Quest Partners LLC now owns 17,041 shares of the technology company’s stock valued at $291,000 after acquiring an additional 15,933 shares during the last quarter. Finally, Rhumbline Advisers boosted its position in shares of Forrester Research by 17.4% during the 2nd quarter. Rhumbline Advisers now owns 17,951 shares of the technology company’s stock valued at $307,000 after purchasing an additional 2,661 shares in the last quarter. Institutional investors 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.