Somewhat Favorable Press Coverage Somewhat Unlikely to Affect Forrester Research (FORR) Stock Price

Media coverage about Forrester Research (NASDAQ:FORR) has been trending somewhat positive this week, Accern Sentiment Analysis reports. The research firm scores the sentiment of press coverage by reviewing more than twenty million blog and news sources in real-time. Accern ranks coverage of publicly-traded companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Forrester Research earned a news sentiment score of 0.08 on Accern’s scale. Accern also assigned news coverage about the technology company an impact score of 44.8645490230354 out of 100, indicating that recent press coverage is somewhat unlikely to have an effect on the company’s share price in the next few days.

Here are some of the media stories that may have impacted Accern’s analysis:

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Shares of Forrester Research (NASDAQ:FORR) opened at $43.35 on Friday. Forrester Research has a 1 year low of $36.95 and a 1 year high of $47.75. The stock has a market cap of $782.03, a PE ratio of 52.23, a price-to-earnings-growth ratio of 3.41 and a beta of 0.46.

Forrester Research (NASDAQ:FORR) last posted its quarterly earnings results on Wednesday, February 7th. The technology company reported $0.32 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.35 by ($0.03). Forrester Research had a net margin of 4.48% and a return on equity of 11.28%. The business had revenue of $90.38 million for the quarter, compared to analysts’ expectations of $84.85 million. During the same quarter in the previous year, the company earned $0.38 earnings per share. The business’s quarterly revenue was up 8.3% on a year-over-year basis. analysts forecast that Forrester Research will post 1.06 EPS for the current fiscal year.

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, March 21st. Shareholders of record on Wednesday, March 7th will be given a dividend of $0.20 per share. This represents a $0.80 annualized dividend and a yield of 1.85%. This is a positive change from Forrester Research’s previous quarterly dividend of $0.19. The ex-dividend date is Tuesday, March 6th. Forrester Research’s dividend payout ratio is presently 96.39%.

FORR has been the subject of several research reports. BidaskClub lowered shares of Forrester Research from a “strong-buy” rating to a “buy” rating in a research report on Tuesday, December 12th. Zacks Investment Research lowered shares of Forrester Research from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, December 26th.

In other Forrester Research news, Director Robert Galford sold 12,000 shares of the company’s stock in a transaction dated Wednesday, March 14th. The shares were sold at an average price of $42.53, for a total transaction of $510,360.00. Following the completion of the sale, the director now directly owns 32,609 shares in the company, valued at $1,386,860.77. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, Director Gretchen Teichgraeber sold 7,368 shares of the company’s stock in a transaction dated Tuesday, February 27th. The shares were sold at an average price of $41.53, for a total transaction of $305,993.04. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 22,021 shares of company stock valued at $928,026. Company insiders own 44.30% of the company’s stock.

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About Forrester Research

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.

Insider Buying and Selling by Quarter for Forrester Research (NASDAQ:FORR)

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