Forrester Research, Inc. (NASDAQ:FORR) was upgraded by equities research analysts at BidaskClub from a “hold” rating to a “buy” rating in a note issued to investors on Friday.

Separately, Zacks Investment Research raised shares of Forrester Research from a “sell” rating to a “hold” rating in a research note on Monday, August 14th.

Forrester Research (NASDAQ:FORR) opened at 40.60 on Friday. Forrester Research has a 52-week low of $34.95 and a 52-week high of $44.40. The company’s 50 day moving average is $40.17 and its 200 day moving average is $39.26. The firm has a market cap of $719.96 million, a P/E ratio of 41.43 and a beta of 0.42.

Forrester Research (NASDAQ:FORR) last posted its quarterly earnings data on Wednesday, July 26th. The technology company reported $0.34 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.27 by $0.07. Forrester Research had a net margin of 5.49% and a return on equity of 13.00%. The company had revenue of $89.70 million during the quarter, compared to analyst estimates of $87.51 million. During the same quarter last year, the firm posted $0.46 EPS. The business’s revenue for the quarter was up 2.2% on a year-over-year basis. Equities research analysts forecast that Forrester Research will post $1.18 EPS for the current fiscal year.

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In other Forrester Research news, Director Gretchen Teichgraeber sold 1,000 shares of the company’s stock in a transaction dated Tuesday, August 1st. The shares were sold at an average price of $41.25, for a total transaction of $41,250.00. Following the completion of the sale, the director now directly owns 10,270 shares of the company’s stock, valued at $423,637.50. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, Director Michael Welles sold 12,388 shares of the company’s stock in a transaction dated Wednesday, July 12th. The shares were sold at an average price of $40.53, for a total transaction of $502,085.64. Following the sale, the director now directly owns 17,824 shares of the company’s stock, valued at $722,406.72. The disclosure for this sale can be found here. Insiders have sold 36,180 shares of company stock valued at $1,462,012 over the last ninety days. Insiders own 44.30% of the company’s stock.

A number of hedge funds have recently bought and sold shares of FORR. Municipal Employees Retirement System of Michigan raised its stake in Forrester Research by 1.8% in the first quarter. Municipal Employees Retirement System of Michigan now owns 4,460 shares of the technology company’s stock worth $177,000 after buying an additional 80 shares during the period. Arizona State Retirement System raised its stake in Forrester Research by 1.9% in the first quarter. Arizona State Retirement System now owns 5,230 shares of the technology company’s stock worth $208,000 after buying an additional 100 shares during the period. Schwab Charles Investment Management Inc. raised its stake in Forrester Research by 0.4% in the second quarter. Schwab Charles Investment Management Inc. now owns 38,685 shares of the technology company’s stock worth $1,515,000 after buying an additional 171 shares during the period. The Manufacturers Life Insurance Company raised its stake in Forrester Research by 3.5% in the second quarter. The Manufacturers Life Insurance Company now owns 8,211 shares of the technology company’s stock worth $322,000 after buying an additional 277 shares during the period. Finally, Seizert Capital Partners LLC raised its stake in Forrester Research by 5.2% in the second quarter. Seizert Capital Partners LLC now owns 6,834 shares of the technology company’s stock worth $268,000 after buying an additional 335 shares during the period. 54.68% of the stock is owned by institutional investors.

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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