Forrester Research, Inc. (NASDAQ:FORR – Get Free Report) saw a large decline in short interest during the month of June. As of June 15th, there was short interest totalling 437,700 shares, a decline of 6.1% from the May 31st total of 466,000 shares. Based on an average daily volume of 119,200 shares, the days-to-cover ratio is presently 3.7 days. Currently, 3.8% of the company’s stock are sold short.
Forrester Research Stock Down 0.7 %
NASDAQ FORR traded down $0.12 on Wednesday, hitting $17.18. 48,817 shares of the stock traded hands, compared to its average volume of 144,029. The stock has a 50-day moving average of $17.84 and a 200 day moving average of $20.92. Forrester Research has a twelve month low of $16.14 and a twelve month high of $32.79. The company has a market capitalization of $328.31 million, a P/E ratio of 572.67, a price-to-earnings-growth ratio of 1.22 and a beta of 0.91. The company has a current ratio of 0.91, a quick ratio of 0.91 and a debt-to-equity ratio of 0.15.
Forrester Research (NASDAQ:FORR – Get Free Report) last posted its quarterly earnings results on Tuesday, April 30th. The technology company reported ($0.03) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.09 by ($0.12). The firm had revenue of $100.08 million for the quarter, compared to analyst estimates of $104.21 million. Forrester Research had a net margin of 0.10% and a return on equity of 9.30%. As a group, analysts expect that Forrester Research will post 1.04 earnings per share for the current fiscal year.
Institutional Inflows and Outflows
Analyst Ratings Changes
Separately, StockNews.com raised shares of Forrester Research from a “hold” rating to a “buy” rating in a report on Thursday, June 27th.
Read Our Latest Report on Forrester Research
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.
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