Forrester Research (NASDAQ:FORR) Upgraded to “Hold” at Sidoti

Sidoti upgraded shares of Forrester Research (NASDAQ:FORR) to a hold rating in a research report sent to investors on Wednesday morning,Zacks.com reports.

Separately, StockNews.com upgraded Forrester Research from a “hold” rating to a “buy” rating in a research report on Saturday, December 14th.

Forrester Research Stock Up 0.5 %

NASDAQ FORR opened at $13.22 on Wednesday. The company has a market capitalization of $251.18 million, a P/E ratio of -37.77, a P/E/G ratio of 0.97 and a beta of 0.91. The stock has a 50 day moving average price of $15.34 and a 200-day moving average price of $16.61. Forrester Research has a one year low of $11.79 and a one year high of $21.91. The company has a debt-to-equity ratio of 0.15, a quick ratio of 0.98 and a current ratio of 0.98.

Institutional Investors Weigh In On Forrester Research

A number of institutional investors have recently added to or reduced their stakes in FORR. Northern Trust Corp boosted its holdings in Forrester Research by 2.6% in the fourth quarter. Northern Trust Corp now owns 115,332 shares of the technology company’s stock worth $1,807,000 after acquiring an additional 2,883 shares in the last quarter. Aquatic Capital Management LLC boosted its holdings in Forrester Research by 63.6% in the fourth quarter. Aquatic Capital Management LLC now owns 5,563 shares of the technology company’s stock worth $87,000 after acquiring an additional 2,163 shares in the last quarter. Price T Rowe Associates Inc. MD boosted its holdings in Forrester Research by 8.8% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 35,518 shares of the technology company’s stock worth $557,000 after acquiring an additional 2,862 shares in the last quarter. Hsbc Holdings PLC boosted its holdings in Forrester Research by 6.5% in the fourth quarter. Hsbc Holdings PLC now owns 13,080 shares of the technology company’s stock worth $205,000 after acquiring an additional 802 shares in the last quarter. Finally, Tower Research Capital LLC TRC boosted its holdings in Forrester Research by 50.1% in the fourth quarter. Tower Research Capital LLC TRC now owns 3,455 shares of the technology company’s stock worth $54,000 after acquiring an additional 1,153 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.