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

StockNews.com cut shares of Forrester Research (NASDAQ:FORR) from a buy rating to a hold rating in a research report sent to investors on Tuesday.

Forrester Research Trading Down 1.4 %

Shares of Forrester Research stock opened at $16.93 on Tuesday. Forrester Research has a 52-week low of $14.38 and a 52-week high of $27.89. The firm has a market capitalization of $321.60 million, a PE ratio of -48.37, a price-to-earnings-growth ratio of 1.36 and a beta of 0.88. The company has a debt-to-equity ratio of 0.15, a current ratio of 0.98 and a quick ratio of 0.98. The company’s fifty day moving average price is $16.41 and its two-hundred day moving average price is $17.47.

Institutional Investors Weigh In On Forrester Research

Several large investors have recently modified their holdings of the stock. 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 worth $29,000 after purchasing an additional 658 shares in the last quarter. FMR LLC grew its stake 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 buying an additional 1,473 shares during the last quarter. State Board of Administration of Florida Retirement System acquired a new stake in shares of Forrester Research during the first quarter worth approximately $186,000. Comerica Bank raised 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 acquiring an additional 6,510 shares during the last quarter. Finally, Quest Partners LLC boosted its holdings in shares of Forrester Research by 1,438.0% in the 2nd quarter. Quest Partners LLC now owns 17,041 shares of the technology company’s stock worth $291,000 after acquiring an additional 15,933 shares in the last quarter. 55.20% of the stock is currently owned by institutional investors.

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.