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

StockNews.com upgraded shares of Forrester Research (NASDAQ:FORR) from a hold rating to a buy rating in a research note released on Tuesday morning.

Forrester Research Price Performance

Forrester Research stock opened at $17.09 on Tuesday. The company has a market capitalization of $325.74 million, a price-to-earnings ratio of -48.83, a PEG ratio of 1.32 and a beta of 0.88. The stock’s 50 day moving average is $16.72 and its 200-day moving average is $17.60. The company has a current ratio of 0.91, a quick ratio of 0.91 and a debt-to-equity ratio of 0.15. Forrester Research has a 12 month low of $14.38 and a 12 month high of $27.89.

Institutional Investors Weigh In On Forrester Research

A number of institutional investors have recently modified their holdings of FORR. Point72 DIFC Ltd raised its stake in Forrester Research by 62.4% in the 2nd quarter. Point72 DIFC Ltd now owns 1,713 shares of the technology company’s stock worth $29,000 after purchasing an additional 658 shares in the last quarter. State Board of Administration of Florida Retirement System bought a new stake in shares of Forrester Research in the first quarter valued at approximately $186,000. Paloma Partners Management Co acquired a new stake in Forrester Research during the first quarter worth approximately $222,000. Quantbot Technologies LP bought a new position in Forrester Research during the 1st quarter worth $223,000. Finally, Comerica Bank raised its holdings in Forrester Research by 123.3% in the 1st quarter. Comerica Bank now owns 11,789 shares of the technology company’s stock valued at $254,000 after acquiring an additional 6,510 shares in the last quarter. Institutional investors 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.