Forrester Research (NASDAQ:FORR) Lowered to Strong Sell Rating by Zacks Research

Forrester Research (NASDAQ:FORR) was downgraded by investment analysts at Zacks Research from a “hold” rating to a “strong sell” rating in a research report issued on Thursday,Zacks.com reports.

FORR has been the subject of a number of other reports. Wall Street Zen downgraded shares of Forrester Research from a “buy” rating to a “hold” rating in a report on Saturday, October 11th. Weiss Ratings reiterated a “sell (d-)” rating on shares of Forrester Research in a report on Wednesday, October 8th. One analyst has rated the stock with a Hold rating and two have assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Sell”.

Forrester Research Stock Performance

NASDAQ:FORR opened at $9.31 on Thursday. The company has a market capitalization of $177.45 million, a P/E ratio of -1.98, a price-to-earnings-growth ratio of 0.83 and a beta of 0.96. Forrester Research has a twelve month low of $8.45 and a twelve month high of $17.65. The company has a current ratio of 1.09, a quick ratio of 1.09 and a debt-to-equity ratio of 0.22. The firm has a 50-day moving average price of $9.69 and a two-hundred day moving average price of $9.93.

Institutional Investors Weigh In On Forrester Research

Several hedge funds have recently modified their holdings of FORR. GAMMA Investing LLC boosted its position in shares of Forrester Research by 2,589.5% in the third quarter. GAMMA Investing LLC now owns 3,066 shares of the technology company’s stock worth $32,000 after acquiring an additional 2,952 shares during the last quarter. Public Employees Retirement System of Ohio boosted its position in shares of Forrester Research by 189.3% in the second quarter. Public Employees Retirement System of Ohio now owns 4,050 shares of the technology company’s stock worth $40,000 after acquiring an additional 2,650 shares during the last quarter. CWM LLC boosted its position in shares of Forrester Research by 279.6% in the second quarter. CWM LLC now owns 4,244 shares of the technology company’s stock worth $42,000 after acquiring an additional 3,126 shares during the last quarter. Vanguard Personalized Indexing Management LLC acquired a new position in Forrester Research during the second quarter valued at approximately $104,000. Finally, Marshall Wace LLP acquired a new position in Forrester Research during the second quarter valued at approximately $131,000. 55.20% of the stock is owned by institutional investors and hedge funds.

Forrester Research Company Profile

Forrester Research, Inc operates as an independent research and advisory company in the United States and internationally. The company operates in three segments: Research, Consulting, and Events. The Research segment primary subscription research services include Forrester Decisions, Forrester Research, and SiriusDecisions Research, which are designed to provide business and technology leaders with a proven path to growth through customer obsession.