Forrester Research (NASDAQ:FORR) Stock Rating Lowered by Wall Street Zen

Forrester Research (NASDAQ:FORR) was downgraded by research analysts at Wall Street Zen from a “buy” rating to a “hold” rating in a research report issued on Saturday.

A number of other brokerages have also weighed in on FORR. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Forrester Research in a research report on Wednesday, October 8th. Zacks Research raised Forrester Research from a “strong sell” rating to a “hold” rating in a research report on Wednesday, September 3rd. Two research analysts have rated the stock with a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Reduce”.

Forrester Research Price Performance

Shares of NASDAQ:FORR opened at $8.68 on Friday. The company has a quick ratio of 1.09, a current ratio of 1.09 and a debt-to-equity ratio of 0.22. Forrester Research has a twelve month low of $8.45 and a twelve month high of $17.65. The stock’s 50 day moving average is $9.91 and its 200-day moving average is $9.97. The firm has a market capitalization of $165.44 million, a price-to-earnings ratio of -1.85, a PEG ratio of 0.78 and a beta of 0.96.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the business. GAMMA Investing LLC grew its stake in Forrester Research by 2,589.5% in the 3rd quarter. GAMMA Investing LLC now owns 3,066 shares of the technology company’s stock valued at $32,000 after purchasing an additional 2,952 shares during the period. Public Employees Retirement System of Ohio grew its stake in Forrester Research by 189.3% in the 2nd quarter. Public Employees Retirement System of Ohio now owns 4,050 shares of the technology company’s stock valued at $40,000 after purchasing an additional 2,650 shares during the period. CWM LLC grew its stake in Forrester Research by 279.6% in the 2nd quarter. CWM LLC now owns 4,244 shares of the technology company’s stock valued at $42,000 after purchasing an additional 3,126 shares during the period. Vanguard Personalized Indexing Management LLC bought a new position in Forrester Research in the 2nd quarter valued at $104,000. Finally, Marshall Wace LLP bought a new position in Forrester Research in the 2nd quarter valued at $131,000. 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.