Zurcher Kantonalbank Zurich Cantonalbank lifted its stake in Forrester Research, Inc. (NASDAQ:FORR) by 303.8% during the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 848 shares of the technology company’s stock after buying an additional 638 shares during the quarter. Zurcher Kantonalbank Zurich Cantonalbank’s holdings in Forrester Research were worth $27,000 as of its most recent filing with the Securities & Exchange Commission.
Several other hedge funds and other institutional investors also recently bought and sold shares of the company. State of Alaska Department of Revenue raised its stake in shares of Forrester Research by 127.5% in the third quarter. State of Alaska Department of Revenue now owns 7,991 shares of the technology company’s stock worth $256,000 after buying an additional 4,478 shares during the period. Macquarie Group Ltd. bought a new position in shares of Forrester Research in the second quarter worth about $249,000. Nuveen Asset Management LLC bought a new position in shares of Forrester Research in the second quarter worth about $4,392,000. Citadel Advisors LLC raised its stake in shares of Forrester Research by 22.1% in the second quarter. Citadel Advisors LLC now owns 64,074 shares of the technology company’s stock worth $3,013,000 after buying an additional 11,604 shares during the period. Finally, D. E. Shaw & Co. Inc. raised its stake in shares of Forrester Research by 2.9% in the second quarter. D. E. Shaw & Co. Inc. now owns 16,082 shares of the technology company’s stock worth $756,000 after buying an additional 451 shares during the period. 53.93% of the stock is currently owned by hedge funds and other institutional investors.
Several analysts recently issued reports on FORR shares. Zacks Investment Research cut Forrester Research from a “buy” rating to a “hold” rating in a research report on Thursday, October 31st. BidaskClub upgraded Forrester Research from a “sell” rating to a “hold” rating in a research report on Friday. ValuEngine upgraded Forrester Research from a “hold” rating to a “buy” rating in a research report on Wednesday, October 16th. Barrington Research reiterated a “hold” rating on shares of Forrester Research in a research report on Monday, October 21st. Finally, Sidoti began coverage on Forrester Research in a report on Wednesday, August 28th. They set a “buy” rating and a $55.00 price target for the company. Three equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. Forrester Research presently has a consensus rating of “Buy” and a consensus target price of $51.00.
Shares of Forrester Research stock traded down $0.06 on Monday, reaching $36.11. The company had a trading volume of 900 shares, compared to its average volume of 55,576. The firm has a market cap of $671.58 million, a price-to-earnings ratio of 42.99 and a beta of 0.72. The company has a debt-to-equity ratio of 1.31, a current ratio of 0.64 and a quick ratio of 0.64. The firm’s 50-day moving average price is $33.96 and its two-hundred day moving average price is $41.38. Forrester Research, Inc. has a 1 year low of $30.76 and a 1 year high of $51.75.
Forrester Research (NASDAQ:FORR) last announced its earnings results on Thursday, October 24th. The technology company reported $0.34 EPS for the quarter, topping the Zacks’ consensus estimate of $0.29 by $0.05. The firm had revenue of $108.60 million during the quarter, compared to analysts’ expectations of $107.21 million. Forrester Research had a negative return on equity of 6.12% and a negative net margin of 2.08%. As a group, analysts anticipate that Forrester Research, Inc. will post -0.7 EPS for the current year.
In related news, Director Neil Bradford bought 3,040 shares of the company’s stock in a transaction dated Tuesday, August 20th. The stock was purchased at an average price of $32.63 per share, for a total transaction of $99,195.20. Following the acquisition, the director now owns 8,809 shares in the company, valued at $287,437.67. The purchase was disclosed in a filing with the SEC, which is available at the SEC website. 43.40% of the stock is currently owned by insiders.
Forrester Research Profile
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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