Forrester Research (NASDAQ:FORR) Raised to Buy at Wall Street Zen

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

A number of other equities research analysts have also issued reports on FORR. Zacks Research raised Forrester Research from a “strong sell” rating to a “hold” rating in a research report on Monday, January 12th. Weiss Ratings reaffirmed a “sell (e+)” rating on shares of Forrester Research in a report on Monday, December 29th. Two equities 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 has a consensus rating of “Reduce”.

Forrester Research Stock Down 0.1%

Forrester Research stock opened at $7.27 on Friday. The firm has a market capitalization of $138.13 million, a P/E ratio of -1.61, a P/E/G ratio of 0.65 and a beta of 0.93. The company has a current ratio of 1.06, a quick ratio of 1.06 and a debt-to-equity ratio of 0.22. Forrester Research has a twelve month low of $6.60 and a twelve month high of $15.26. The stock’s fifty day simple moving average is $7.62 and its 200-day simple moving average is $8.65.

Hedge Funds Weigh In On Forrester Research

Several hedge funds have recently added to or reduced their stakes in the stock. GAMMA Investing LLC lifted its position in shares of Forrester Research by 2,589.5% during the 3rd quarter. GAMMA Investing LLC now owns 3,066 shares of the technology company’s stock worth $32,000 after buying an additional 2,952 shares during the last quarter. CWM LLC raised its stake in Forrester Research by 279.6% during the 2nd quarter. CWM LLC now owns 4,244 shares of the technology company’s stock worth $42,000 after acquiring an additional 3,126 shares in the last quarter. Versant Capital Management Inc lifted its position in Forrester Research by 300.3% in the third quarter. Versant Capital Management Inc now owns 4,616 shares of the technology company’s stock valued at $49,000 after acquiring an additional 3,463 shares during the last quarter. BNP Paribas Financial Markets lifted its position in Forrester Research by 402.0% in the third quarter. BNP Paribas Financial Markets now owns 6,190 shares of the technology company’s stock valued at $66,000 after acquiring an additional 4,957 shares during the last quarter. Finally, Vanguard Personalized Indexing Management LLC acquired a new position in Forrester Research in the second quarter valued at $104,000. 55.20% of the stock is currently owned by hedge funds and other institutional investors.

Forrester Research Company Profile

Forrester Research, Inc is a leading global research and advisory firm that provides insights and guidance to business and technology leaders. Founded in 1983 and headquartered in Cambridge, Massachusetts, the company offers a wide range of services designed to help clients understand market dynamics, evaluate technology investments and develop customer-centric strategies. Forrester’s core offerings include syndicated research reports, bespoke advisory services, consulting engagements and data-driven analytics.

Through its extensive research practice, Forrester produces in-depth analyses of emerging technologies, industry trends and best practices across sectors such as information technology, marketing, customer experience and digital business.