Forrester Research, Inc. (NASDAQ:FORR) shares passed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $37.32 and traded as high as $43.74. Forrester Research shares last traded at $41.83, with a volume of 21,900 shares trading hands.

A number of research analysts recently commented on the company. BidaskClub raised Forrester Research from a “sell” rating to a “hold” rating in a report on Wednesday, January 6th. Zacks Investment Research downgraded Forrester Research from a “buy” rating to a “hold” rating in a report on Monday, January 4th. Three research analysts have rated the stock with a hold rating and one has issued a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and an average target price of $46.00.

The company has a debt-to-equity ratio of 0.56, a quick ratio of 0.70 and a current ratio of 0.70. The business has a fifty day simple moving average of $42.59 and a 200 day simple moving average of $37.32. The company has a market cap of $793.26 million, a P/E ratio of 63.38, a P/E/G ratio of 5.99 and a beta of 1.02.

Forrester Research (NASDAQ:FORR) last released its earnings results on Thursday, October 29th. The technology company reported $0.24 EPS for the quarter, topping analysts’ consensus estimates of ($0.28) by $0.52. Forrester Research had a return on equity of 7.50% and a net margin of 2.75%. The company had revenue of $108.58 million for the quarter, compared to the consensus estimate of $102.50 million. Equities research analysts expect that Forrester Research, Inc. will post 0.56 EPS for the current year.

In other Forrester Research news, insider Carrie Johnson sold 871 shares of the stock in a transaction that occurred on Tuesday, November 24th. The stock was sold at an average price of $43.95, for a total transaction of $38,280.45. Following the transaction, the insider now owns 3,039 shares of the company’s stock, valued at approximately $133,564.05. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, Director Gretchen Teichgraeber sold 2,000 shares of the stock in a transaction that occurred on Tuesday, November 24th. The stock was sold at an average price of $44.00, for a total value of $88,000.00. Following the sale, the director now owns 22,103 shares in the company, valued at $972,532. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 34,654 shares of company stock worth $1,441,813. 42.40% of the stock is currently owned by company insiders.

Several institutional investors have recently made changes to their positions in FORR. Bank of Montreal Can raised its position in shares of Forrester Research by 160.0% during the 2nd quarter. Bank of Montreal Can now owns 1,578 shares of the technology company’s stock worth $51,000 after purchasing an additional 971 shares during the period. BNP Paribas Arbitrage SA raised its position in shares of Forrester Research by 213.5% during the 3rd quarter. BNP Paribas Arbitrage SA now owns 2,743 shares of the technology company’s stock worth $90,000 after purchasing an additional 1,868 shares during the period. Louisiana State Employees Retirement System acquired a new stake in shares of Forrester Research during the 4th quarter worth approximately $214,000. American International Group Inc. raised its position in shares of Forrester Research by 4.5% during the 2nd quarter. American International Group Inc. now owns 7,715 shares of the technology company’s stock worth $247,000 after purchasing an additional 333 shares during the period. Finally, WINTON GROUP Ltd acquired a new stake in shares of Forrester Research during the 3rd quarter worth approximately $336,000. Institutional investors and hedge funds own 48.05% of the company’s stock.

Forrester Research Company Profile (NASDAQ:FORR)

Forrester Research, Inc operates as an independent research, data, and advisory services company in the United States and internationally. It operates through Products, Research, and SiriusDecisions segments. Its primary syndicated research product is Research, which offers clients with access to its research designed to inform their strategic decision-making.

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