Nierenberg Investment Management Company LLC bought a new position in shares of Forrester Research, Inc. (NASDAQ:FORR – Free Report) during the second quarter, HoldingsChannel reports. The firm bought 131,110 shares of the technology company’s stock, valued at approximately $1,102,635,000. Forrester Research makes up about 0.5% of Nierenberg Investment Management Company LLC’s holdings, making the stock its 20th biggest holding.
A number of other large investors have also modified their holdings of FORR. BNP Paribas Financial Markets boosted its position in shares of Forrester Research by 402.0% during the 3rd quarter. BNP Paribas Financial Markets now owns 6,190 shares of the technology company’s stock valued at $66,000 after purchasing an additional 4,957 shares in the last quarter. Versant Capital Management Inc grew its holdings in Forrester Research by 63.2% in the 2nd quarter. Versant Capital Management Inc now owns 8,360 shares of the technology company’s stock valued at $70,000 after buying an additional 3,237 shares during the last quarter. Strs Ohio bought a new position in Forrester Research during the fourth quarter valued at about $90,000. Inscription Capital LLC acquired a new position in Forrester Research in the fourth quarter worth about $91,000. Finally, Occudo Quantitative Strategies LP acquired a new position in Forrester Research in the fourth quarter valued at about $93,000. Institutional investors and hedge funds own 55.20% of the company’s stock.
Forrester Research Trading Up 4.0%
Forrester Research stock opened at $11.76 on Thursday. The company has a debt-to-equity ratio of 0.29, a quick ratio of 1.06 and a current ratio of 1.06. The stock has a market capitalization of $223.91 million, a P/E ratio of -5.23, a PEG ratio of 2.13 and a beta of 0.93. Forrester Research, Inc. has a 52 week low of $4.88 and a 52 week high of $12.33. The stock has a 50-day simple moving average of $9.56 and a 200 day simple moving average of $7.44.
Wall Street Analyst Weigh In
Separately, Weiss Ratings raised Forrester Research from a “sell (e+)” rating to a “sell (d-)” rating in a report on Tuesday, July 28th. One investment analyst has rated the stock with a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, Forrester Research currently has a consensus rating of “Reduce”.
Check Out Our Latest Research Report on Forrester Research
Forrester Research Profile
Forrester Research, Inc is a leading global research and advisory firm that provides insights and guidance to business and technology leaders. Founded in 1983 and headquartered in Cambridge, Massachusetts, the company offers a wide range of services designed to help clients understand market dynamics, evaluate technology investments and develop customer-centric strategies. Forrester’s core offerings include syndicated research reports, bespoke advisory services, consulting engagements and data-driven analytics.
Through its extensive research practice, Forrester produces in-depth analyses of emerging technologies, industry trends and best practices across sectors such as information technology, marketing, customer experience and digital business.
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