Several brokerages have updated their recommendations and price targets on shares of Forrester Research (NASDAQ: FORR) in the last few weeks:
- 11/8/2019 – Forrester Research was upgraded by analysts at BidaskClub from a “sell” rating to a “hold” rating.
- 10/31/2019 – Forrester Research was downgraded by analysts at Zacks Investment Research from a “buy” rating to a “hold” rating. According to Zacks, “Forrester Research, Inc. is a global research and advisory firm serving professionals in 13 key roles across three distinct client segments. Their clients face progressively complex business and technology decisions every day. To help them understand, strategize, and act upon opportunities brought by change, Forrester provides proprietary research, consumer and business data, custom consulting, events and online communities, and peer-to-peer executive programs. They guide leaders in business technology, marketing and strategy, and the technology industry through independent fact-based insight, ensuring their business success today and tomorrow. “
- 10/29/2019 – Forrester Research was upgraded by analysts at Zacks Investment Research from a “hold” rating to a “buy” rating. They now have a $39.00 price target on the stock. According to Zacks, “Forrester Research, Inc. is a global research and advisory firm serving professionals in 13 key roles across three distinct client segments. Their clients face progressively complex business and technology decisions every day. To help them understand, strategize, and act upon opportunities brought by change, Forrester provides proprietary research, consumer and business data, custom consulting, events and online communities, and peer-to-peer executive programs. They guide leaders in business technology, marketing and strategy, and the technology industry through independent fact-based insight, ensuring their business success today and tomorrow. “
- 10/25/2019 – Forrester Research was downgraded by analysts at Zacks Investment Research from a “buy” rating to a “hold” rating. According to Zacks, “Forrester Research, Inc. is a global research and advisory firm serving professionals in 13 key roles across three distinct client segments. Their clients face progressively complex business and technology decisions every day. To help them understand, strategize, and act upon opportunities brought by change, Forrester provides proprietary research, consumer and business data, custom consulting, events and online communities, and peer-to-peer executive programs. They guide leaders in business technology, marketing and strategy, and the technology industry through independent fact-based insight, ensuring their business success today and tomorrow. “
- 10/21/2019 – Forrester Research had its “hold” rating reaffirmed by analysts at Barrington Research.
- 10/16/2019 – Forrester Research was upgraded by analysts at BidaskClub from a “strong sell” rating to a “sell” rating.
- 10/16/2019 – Forrester Research was upgraded by analysts at ValuEngine from a “hold” rating to a “buy” rating.
- 10/9/2019 – Forrester Research was upgraded by analysts at Zacks Investment Research from a “hold” rating to a “buy” rating. They now have a $35.00 price target on the stock. According to Zacks, “Forrester Research, Inc. is a global research and advisory firm serving professionals in 13 key roles across three distinct client segments. Their clients face progressively complex business and technology decisions every day. To help them understand, strategize, and act upon opportunities brought by change, Forrester provides proprietary research, consumer and business data, custom consulting, events and online communities, and peer-to-peer executive programs. They guide leaders in business technology, marketing and strategy, and the technology industry through independent fact-based insight, ensuring their business success today and tomorrow. “
Forrester Research stock opened at $36.17 on Monday. The company has a debt-to-equity ratio of 1.31, a quick ratio of 0.64 and a current ratio of 0.64. The business’s 50-day simple moving average is $33.96 and its two-hundred day simple moving average is $41.38. The company has a market cap of $671.58 million, a PE ratio of 43.06 and a beta of 0.72. Forrester Research, Inc. has a fifty-two week low of $30.76 and a fifty-two week high of $51.75.
Forrester Research (NASDAQ:FORR) last posted its quarterly earnings results on Thursday, October 24th. The technology company reported $0.34 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.29 by $0.05. The business had revenue of $108.60 million for the quarter, compared to the consensus estimate 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 predict that Forrester Research, Inc. will post -0.7 EPS for the current fiscal year.
In other news, Director Neil Bradford purchased 3,040 shares of the company’s stock in a transaction on Tuesday, August 20th. The shares were acquired at an average price of $32.63 per share, for a total transaction of $99,195.20. Following the purchase, the director now owns 8,809 shares in the company, valued at $287,437.67. The acquisition was disclosed in a filing with the SEC, which is available through the SEC website. 43.40% of the stock is currently owned by insiders.
Institutional investors have recently bought and sold shares of the business. Nuveen Asset Management LLC purchased a new stake in shares of Forrester Research in the second quarter worth about $4,392,000. GW&K Investment Management LLC boosted its stake in shares of Forrester Research by 41.9% in the third quarter. GW&K Investment Management LLC now owns 154,898 shares of the technology company’s stock worth $4,978,000 after buying an additional 45,724 shares during the last quarter. BlackRock Inc. boosted its stake in shares of Forrester Research by 2.7% in the second quarter. BlackRock Inc. now owns 1,638,798 shares of the technology company’s stock worth $77,072,000 after buying an additional 42,795 shares during the last quarter. Renaissance Technologies LLC boosted its stake in shares of Forrester Research by 5.3% in the second quarter. Renaissance Technologies LLC now owns 839,018 shares of the technology company’s stock worth $39,459,000 after buying an additional 42,418 shares during the last quarter. Finally, Jacobs Levy Equity Management Inc. purchased a new stake in shares of Forrester Research in the second quarter worth about $1,916,000. Institutional investors and hedge funds own 53.93% of the company’s stock.
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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