BidaskClub lowered shares of Forrester Research (NASDAQ:FORR) from a sell rating to a strong sell rating in a research report released on Wednesday, BidAskClub reports.

FORR has been the subject of a number of other research reports. Maxim Group restated a buy rating and set a $59.00 price target (down previously from $62.00) on shares of Forrester Research in a research note on Thursday, August 1st. Barrington Research restated a hold rating on shares of Forrester Research in a research note on Thursday, August 8th. TheStreet lowered shares of Forrester Research from an a- rating to a c+ rating in a research note on Monday, June 3rd. Finally, Zacks Investment Research upgraded shares of Forrester Research from a hold rating to a buy rating and set a $53.00 price target for the company in a research note on Thursday, August 1st. One research analyst has rated the stock with a sell rating, one has issued a hold rating and three have assigned a buy rating to the company’s stock. The company presently has a consensus rating of Hold and a consensus target price of $56.00.

NASDAQ:FORR opened at $32.88 on Wednesday. The company has a fifty day moving average of $44.91 and a 200-day moving average of $47.29. The firm has a market capitalization of $638.00 million, a P/E ratio of 39.14 and a beta of 0.66. The company has a quick ratio of 0.64, a current ratio of 0.64 and a debt-to-equity ratio of 1.31. Forrester Research has a twelve month low of $32.64 and a twelve month high of $51.75.

Forrester Research (NASDAQ:FORR) last released its quarterly earnings data on Wednesday, July 31st. The technology company reported $0.08 earnings per share for the quarter, beating the consensus estimate of $0.04 by $0.04. The company had revenue of $128.18 million during the quarter, compared to analyst estimates of $126.76 million. Forrester Research had a negative net margin of 0.59% and a negative return on equity of 1.65%. On average, analysts anticipate that Forrester Research will post -0.57 EPS for the current fiscal year.

In other news, insider Kelley Hippler sold 3,000 shares of the company’s stock in a transaction on Wednesday, May 29th. The shares were sold at an average price of $46.03, for a total value of $138,090.00. Following the completion of the sale, the insider now owns 23,253 shares in the company, valued at approximately $1,070,335.59. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Gretchen Teichgraeber sold 1,000 shares of the company’s stock in a transaction on Friday, June 14th. The stock was sold at an average price of $45.83, for a total transaction of $45,830.00. Following the completion of the sale, the director now owns 17,701 shares of the company’s stock, valued at approximately $811,236.83. The disclosure for this sale can be found here. Corporate insiders own 43.40% of the company’s stock.

Hedge funds and other institutional investors have recently bought and sold shares of the company. Meeder Asset Management Inc. bought a new stake in shares of Forrester Research in the 1st quarter worth $26,000. Private Ocean LLC purchased a new position in shares of Forrester Research in the 1st quarter worth about $61,000. Bank of Montreal Can boosted its holdings in shares of Forrester Research by 97.1% in the 2nd quarter. Bank of Montreal Can now owns 1,798 shares of the technology company’s stock worth $86,000 after buying an additional 886 shares during the last quarter. BNP Paribas Arbitrage SA boosted its holdings in shares of Forrester Research by 940.9% in the 1st quarter. BNP Paribas Arbitrage SA now owns 2,415 shares of the technology company’s stock worth $117,000 after buying an additional 2,183 shares during the last quarter. Finally, Municipal Employees Retirement System of Michigan purchased a new position in shares of Forrester Research in the 4th quarter worth about $131,000. Hedge funds and other institutional investors own 55.97% of the company’s stock.

About Forrester Research

Forrester Research, Inc operates as an independent research, data, and advisory services company. It operates through Research, Product, and Project Consulting segments. Its primary syndicated research product is Research, which offers clients with access to its syndicated research designed to inform their strategic decision-making.

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