Sidoti Upgrades Forrester Research (NASDAQ:FORR) to Hold

Forrester Research (NASDAQ:FORR) was upgraded by equities research analysts at Sidoti to a “hold” rating in a research report issued on Wednesday,Zacks.com reports.

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

Forrester Research Stock Performance

Shares of Forrester Research stock opened at $13.22 on Wednesday. The business’s fifty day simple moving average is $15.34 and its 200 day simple moving average is $16.61. The firm has a market capitalization of $251.18 million, a P/E ratio of -37.77, a price-to-earnings-growth ratio of 0.97 and a beta of 0.91. Forrester Research has a 12 month low of $11.79 and a 12 month high of $21.91. The company has a current ratio of 0.98, a quick ratio of 0.98 and a debt-to-equity ratio of 0.15.

Hedge Funds Weigh In On Forrester Research

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Northern Trust Corp grew its position in Forrester Research by 2.6% during the fourth quarter. Northern Trust Corp now owns 115,332 shares of the technology company’s stock worth $1,807,000 after buying an additional 2,883 shares in the last quarter. Aquatic Capital Management LLC boosted its holdings in shares of Forrester Research by 63.6% in the 4th quarter. Aquatic Capital Management LLC now owns 5,563 shares of the technology company’s stock worth $87,000 after purchasing an additional 2,163 shares in the last quarter. Price T Rowe Associates Inc. MD lifted its stake in shares of Forrester Research by 8.8% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 35,518 shares of the technology company’s stock valued at $557,000 after acquiring an additional 2,862 shares during the last quarter. Hsbc Holdings PLC lifted its stake in shares of Forrester Research by 6.5% in the 4th quarter. Hsbc Holdings PLC now owns 13,080 shares of the technology company’s stock valued at $205,000 after acquiring an additional 802 shares during the last quarter. Finally, Tower Research Capital LLC TRC lifted its stake in shares of Forrester Research by 50.1% in the 4th quarter. Tower Research Capital LLC TRC now owns 3,455 shares of the technology company’s stock valued at $54,000 after acquiring an additional 1,153 shares during the last quarter. 55.20% of the stock is currently owned by hedge funds and other institutional investors.

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.