Forrester Research, Inc. (FORR) Given Average Recommendation of “Hold” by Brokerages
Shares of Forrester Research, Inc. (NASDAQ:FORR) have received an average broker rating score of 3.00 (Hold) from the two analysts that cover the company, Zacks Investment Research reports. Two equities research analysts have rated the stock with a hold recommendation. Forrester Research’s rating score has declined by 28.8% from 90 days ago as a result of a number of analysts’ ratings changes.
Zacks has also given Forrester Research an industry rank of 27 out of 265 based on the ratings given to related companies.
Several research firms have commented on FORR. Zacks Investment Research upgraded Forrester Research from a “sell” rating to a “hold” rating in a report on Monday, August 14th. BidaskClub downgraded Forrester Research from a “strong-buy” rating to a “buy” rating in a report on Saturday, August 5th.
Forrester Research (NASDAQ FORR) traded up $0.40 on Thursday, reaching $46.95. The company’s stock had a trading volume of 13,311 shares, compared to its average volume of 34,982. The stock has a market cap of $843.93, a P/E ratio of 45.58, a P/E/G ratio of 4.25 and a beta of 0.45. Forrester Research has a one year low of $34.95 and a one year high of $47.35.
Forrester Research (NASDAQ:FORR) last released its quarterly earnings data on Wednesday, October 25th. The technology company reported $0.31 EPS for the quarter, topping the consensus estimate of $0.24 by $0.07. The company had revenue of $80.40 million for the quarter, compared to the consensus estimate of $78.92 million. Forrester Research had a return on equity of 13.80% and a net margin of 5.70%. Forrester Research’s quarterly revenue was up 3.9% on a year-over-year basis. During the same period last year, the business posted $0.32 EPS. research analysts expect that Forrester Research will post 0.92 EPS for the current fiscal year.
The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 20th. Shareholders of record on Wednesday, December 6th will be issued a dividend of $0.19 per share. The ex-dividend date of this dividend is Tuesday, December 5th. This represents a $0.76 annualized dividend and a yield of 1.62%. Forrester Research’s payout ratio is currently 73.79%.
In other news, Director Henk Broeders sold 17,469 shares of Forrester Research stock in a transaction on Tuesday, September 5th. The stock was sold at an average price of $41.00, for a total value of $716,229.00. Following the transaction, the director now directly owns 26,030 shares in the company, valued at approximately $1,067,230. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Scott Chouinard sold 887 shares of Forrester Research stock in a transaction on Monday, October 30th. The shares were sold at an average price of $44.25, for a total value of $39,249.75. Following the completion of the transaction, the insider now owns 2,261 shares in the company, valued at $100,049.25. The disclosure for this sale can be found here. Insiders have sold a total of 43,163 shares of company stock worth $1,774,203 over the last 90 days. 44.30% of the stock is currently owned by company insiders.
Several large investors have recently made changes to their positions in the company. Ballentine Partners LLC acquired a new stake in shares of Forrester Research in the 2nd quarter worth $10,365,000. Vanguard Group Inc. boosted its position in shares of Forrester Research by 4.8% in the 2nd quarter. Vanguard Group Inc. now owns 961,242 shares of the technology company’s stock worth $37,633,000 after purchasing an additional 44,180 shares in the last quarter. Renaissance Technologies LLC boosted its position in shares of Forrester Research by 5.7% in the 2nd quarter. Renaissance Technologies LLC now owns 585,600 shares of the technology company’s stock worth $22,926,000 after purchasing an additional 31,400 shares in the last quarter. Martingale Asset Management L P boosted its position in shares of Forrester Research by 144.2% in the 2nd quarter. Martingale Asset Management L P now owns 42,004 shares of the technology company’s stock worth $1,645,000 after purchasing an additional 24,800 shares in the last quarter. Finally, Northern Trust Corp boosted its position in shares of Forrester Research by 10.1% in the 2nd quarter. Northern Trust Corp now owns 152,154 shares of the technology company’s stock worth $5,956,000 after purchasing an additional 14,003 shares in the last quarter. Institutional investors and hedge funds own 52.88% of the company’s stock.
Forrester Research Company Profile
Forrester Research, Inc (Forrester) is an independent research, data, and advisory services firm. The Company offers research, data, advisory and related services that are thematic, prescriptive and executable, and that provide a perspective on the changing business environment. Its segments include Research, Product and Project Consulting.
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