Forrester Research (NASDAQ:FORR) Upgraded at Sidoti

Sidoti upgraded shares of Forrester Research (NASDAQ:FORR) to a hold rating in a research note published on Wednesday morning,Zacks.com reports.

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

Forrester Research Price Performance

Shares of NASDAQ FORR opened at $13.22 on Wednesday. The stock has a market capitalization of $251.18 million, a price-to-earnings ratio of -37.77, a PEG 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 firm’s 50 day simple moving average is $15.34 and its 200-day simple moving average is $16.61. The company has a debt-to-equity ratio of 0.15, a current ratio of 0.98 and a quick ratio of 0.98.

Institutional Investors Weigh In On Forrester Research

Institutional investors have recently added to or reduced their stakes in the stock. FMR LLC grew its stake in Forrester Research by 138.7% in the 3rd quarter. FMR LLC now owns 2,535 shares of the technology company’s stock valued at $46,000 after acquiring an additional 1,473 shares during the period. Tower Research Capital LLC TRC grew its stake in 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 period. Aquatic Capital Management LLC lifted its holdings in Forrester Research by 63.6% in the 4th quarter. Aquatic Capital Management LLC now owns 5,563 shares of the technology company’s stock valued at $87,000 after purchasing an additional 2,163 shares in the last quarter. Wells Fargo & Company MN lifted its holdings in Forrester Research by 27.8% in the 4th quarter. Wells Fargo & Company MN now owns 6,880 shares of the technology company’s stock valued at $108,000 after purchasing an additional 1,497 shares in the last quarter. Finally, SG Americas Securities LLC purchased a new position in Forrester Research in the 4th quarter valued at $111,000. Institutional investors and hedge funds own 55.20% of the company’s stock.

About Forrester Research

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.