O Shares Investment Advisers LLC decreased its stake in Forrester Research, Inc. (NASDAQ:FORR) by 10.7% in the first quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 6,266 shares of the technology company’s stock after selling 752 shares during the quarter. O Shares Investment Advisers LLC’s holdings in Forrester Research were worth $303,000 as of its most recent filing with the Securities & Exchange Commission.
Several other large investors also recently added to or reduced their stakes in FORR. Morgan Stanley raised its holdings in Forrester Research by 6.3% during the third quarter. Morgan Stanley now owns 55,893 shares of the technology company’s stock worth $2,565,000 after purchasing an additional 3,332 shares in the last quarter. Quantamental Technologies LLC acquired a new stake in Forrester Research during the fourth quarter worth approximately $27,000. Arizona State Retirement System raised its holdings in Forrester Research by 7.3% during the fourth quarter. Arizona State Retirement System now owns 15,751 shares of the technology company’s stock worth $704,000 after purchasing an additional 1,068 shares in the last quarter. Rhumbline Advisers raised its holdings in Forrester Research by 21.4% during the fourth quarter. Rhumbline Advisers now owns 29,505 shares of the technology company’s stock worth $1,319,000 after purchasing an additional 5,194 shares in the last quarter. Finally, LS Investment Advisors LLC raised its holdings in Forrester Research by 325.4% during the fourth quarter. LS Investment Advisors LLC now owns 1,174 shares of the technology company’s stock worth $52,000 after purchasing an additional 898 shares in the last quarter. Institutional investors and hedge funds own 56.09% of the company’s stock.
A number of analysts have weighed in on FORR shares. Maxim Group reissued a “buy” rating and set a $62.00 price objective on shares of Forrester Research in a report on Wednesday, April 24th. BidaskClub cut shares of Forrester Research from a “hold” rating to a “sell” rating in a report on Friday, April 19th. Barrington Research reissued a “hold” rating on shares of Forrester Research in a report on Wednesday, May 29th. Zacks Investment Research cut shares of Forrester Research from a “hold” rating to a “sell” rating in a report on Wednesday, February 20th. Finally, TheStreet cut shares of Forrester Research from an “a-” rating to a “c+” rating in a report on Monday, June 3rd. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and two have issued a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and an average target price of $56.00.
Shares of Forrester Research stock opened at $46.07 on Friday. The firm has a market capitalization of $848.84 million, a PE ratio of 54.85 and a beta of 0.66. Forrester Research, Inc. has a 12 month low of $36.19 and a 12 month high of $51.75. The company has a debt-to-equity ratio of 1.44, a quick ratio of 0.66 and a current ratio of 0.66.
Forrester Research (NASDAQ:FORR) last announced its earnings results on Tuesday, April 30th. The technology company reported ($0.73) EPS for the quarter, beating analysts’ consensus estimates of ($0.76) by $0.03. The business had revenue of $100.65 million for the quarter, compared to analysts’ expectations of $98.00 million. Forrester Research had a net margin of 1.00% and a return on equity of 2.61%. As a group, equities research analysts expect that Forrester Research, Inc. will post -0.52 EPS for the current fiscal year.
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About Forrester Research
Forrester Research, Inc operates as an independent research, data, and advisory services company. It operates through Research, Product, and Project Consulting segments. Its primary syndicated research product is Research, which offers clients with access to its syndicated research designed to inform their strategic decision-making.
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