Forrester Research’s (FORR) Hold Rating Reiterated at Barrington Research

Forrester Research (NASDAQ:FORR)‘s stock had its “hold” rating reaffirmed by research analysts at Barrington Research in a note issued to investors on Thursday.

A number of other analysts also recently commented on the stock. BidaskClub upgraded shares of Forrester Research from a “strong sell” rating to a “sell” rating in a report on Tuesday, November 13th. ValuEngine upgraded shares of Forrester Research from a “hold” rating to a “buy” rating in a report on Wednesday, November 7th. Finally, Zacks Investment Research upgraded shares of Forrester Research from a “sell” rating to a “hold” rating in a report on Monday, October 1st.

FORR stock opened at $46.74 on Thursday. Forrester Research has a 52 week low of $36.19 and a 52 week high of $50.00. The stock has a market cap of $866.44 million, a price-to-earnings ratio of 56.31, a P/E/G ratio of 4.25 and a beta of 0.54.

Forrester Research (NASDAQ:FORR) last released its earnings results on Wednesday, October 24th. The technology company reported $0.33 EPS for the quarter, missing analysts’ consensus estimates of $0.36 by ($0.03). Forrester Research had a return on equity of 8.50% and a net margin of 3.46%. The business had revenue of $84.89 million during the quarter, compared to the consensus estimate of $83.52 million. On average, sell-side analysts anticipate that Forrester Research will post 0.93 earnings per share for the current fiscal year.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in FORR. BlackRock Inc. raised its holdings in shares of Forrester Research by 6.8% in the 3rd quarter. BlackRock Inc. now owns 1,485,725 shares of the technology company’s stock worth $68,194,000 after purchasing an additional 94,937 shares in the last quarter. Massachusetts Financial Services Co. MA raised its holdings in shares of Forrester Research by 18.9% in the 2nd quarter. Massachusetts Financial Services Co. MA now owns 465,864 shares of the technology company’s stock worth $19,543,000 after purchasing an additional 74,037 shares in the last quarter. United Services Automobile Association raised its holdings in shares of Forrester Research by 17.5% in the 2nd quarter. United Services Automobile Association now owns 301,849 shares of the technology company’s stock worth $12,663,000 after purchasing an additional 45,000 shares in the last quarter. Renaissance Technologies LLC raised its holdings in shares of Forrester Research by 5.1% in the 2nd quarter. Renaissance Technologies LLC now owns 733,500 shares of the technology company’s stock worth $30,770,000 after purchasing an additional 35,700 shares in the last quarter. Finally, TD Asset Management Inc. purchased a new position in shares of Forrester Research in the second quarter worth approximately $1,376,000. Institutional investors and hedge funds own 58.67% of the company’s stock.

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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