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

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 to clients and investors on Tuesday.

Forrester Research Trading Down 1.4 %

FORR stock traded down $0.24 during midday trading on Tuesday, reaching $16.93. 52,339 shares of the company traded hands, compared to its average volume of 115,653. The firm has a market capitalization 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 company has a debt-to-equity ratio of 0.15, a quick ratio of 0.98 and a current ratio of 0.98. The business has a 50 day moving average of $16.41 and a 200-day moving average of $17.47. Forrester Research has a 52-week low of $14.38 and a 52-week high of $27.89.

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of FORR. Point72 DIFC Ltd increased its stake in shares of Forrester Research by 62.4% during the second quarter. Point72 DIFC Ltd now owns 1,713 shares of the technology company’s stock valued at $29,000 after buying an additional 658 shares during the period. FMR LLC lifted its position in shares of Forrester Research by 138.7% during the third quarter. FMR LLC now owns 2,535 shares of the technology company’s stock valued at $46,000 after buying an additional 1,473 shares during the last quarter. State Street Corp boosted its holdings in shares of Forrester Research by 1.0% in the 3rd quarter. State Street Corp now owns 253,181 shares of the technology company’s stock valued at $4,560,000 after buying an additional 2,589 shares in the last quarter. Rhumbline Advisers boosted its holdings in shares of Forrester Research by 17.4% in the 2nd quarter. Rhumbline Advisers now owns 17,951 shares of the technology company’s stock valued at $307,000 after buying an additional 2,661 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. grew its position in shares of Forrester Research by 3.5% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 96,308 shares of the technology company’s stock worth $1,735,000 after buying an additional 3,289 shares during 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.