Invenomic Capital Management LP Buys Shares of 161,594 Forrester Research, Inc. (NASDAQ:FORR)

Invenomic Capital Management LP bought a new stake in Forrester Research, Inc. (NASDAQ:FORR) in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 161,594 shares of the technology company’s stock, valued at approximately $2,532,000. Invenomic Capital Management LP owned approximately 0.85% of Forrester Research as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also recently bought and sold shares of FORR. Barclays PLC increased its stake in Forrester Research by 71.1% in the third quarter. Barclays PLC now owns 44,090 shares of the technology company’s stock valued at $794,000 after purchasing an additional 18,319 shares in the last quarter. SG Americas Securities LLC acquired a new position in shares of Forrester Research in the fourth quarter valued at approximately $111,000. Total Clarity Wealth Management Inc. acquired a new position in shares of Forrester Research in the fourth quarter valued at approximately $209,000. Rhumbline Advisers boosted its holdings in shares of Forrester Research by 7.8% in the fourth quarter. Rhumbline Advisers now owns 18,571 shares of the technology company’s stock valued at $291,000 after buying an additional 1,337 shares during the period. Finally, Royce & Associates LP boosted its holdings in shares of Forrester Research by 0.4% in the fourth quarter. Royce & Associates LP now owns 2,486,726 shares of the technology company’s stock valued at $38,967,000 after buying an additional 9,866 shares during the period. Institutional investors own 55.20% of the company’s stock.

Analyst Ratings Changes

Separately, Sidoti upgraded shares of Forrester Research to a “hold” rating in a report on Wednesday, February 12th.

Forrester Research Stock Performance

Shares of FORR opened at $10.11 on Monday. Forrester Research, Inc. has a 12 month low of $8.50 and a 12 month high of $20.62. The firm has a fifty day simple moving average of $9.64 and a 200 day simple moving average of $13.23. The stock has a market capitalization of $191.90 million, a price-to-earnings ratio of -33.70, a PEG ratio of 1.22 and a beta of 0.94. The company has a current ratio of 0.98, a quick ratio of 0.98 and a debt-to-equity ratio of 0.15.

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.