Forrester Research, Inc. (NASDAQ:FORR) Short Interest Update

Forrester Research, Inc. (NASDAQ:FORR) was the target of a significant growth in short interest during the month of September. As of September 30th, there was short interest totalling 256,200 shares, a growth of 6.3% from the September 15th total of 241,100 shares. Based on an average trading volume of 81,200 shares, the short-interest ratio is currently 3.2 days. Currently, 2.3% of the shares of the company are sold short.

Forrester Research Price Performance

NASDAQ FORR traded up $0.26 on Thursday, reaching $16.52. The company’s stock had a trading volume of 83,911 shares, compared to its average volume of 120,804. Forrester Research has a twelve month low of $15.79 and a twelve month high of $29.00. The company has a debt-to-equity ratio of 0.15, a quick ratio of 0.91 and a current ratio of 0.91. The firm’s 50 day moving average is $17.81 and its two-hundred day moving average is $18.11. The stock has a market cap of $315.65 million, a PE ratio of 550.67, a PEG ratio of 1.27 and a beta of 0.87.

Forrester Research (NASDAQ:FORR) last issued its earnings results on Tuesday, July 30th. The technology company reported $0.47 earnings per share for the quarter, missing analysts’ consensus estimates of $0.56 by ($0.09). The business had revenue of $121.83 million for the quarter, compared to the consensus estimate of $121.21 million. Forrester Research had a return on equity of 6.52% and a net margin of 0.32%. As a group, sell-side analysts predict that Forrester Research will post 0.95 EPS for the current year.

Insider Transactions at Forrester Research

In other Forrester Research news, insider Ryan Darrah sold 3,895 shares of the firm’s stock in a transaction that occurred on Monday, August 5th. The shares were sold at an average price of $18.26, for a total value of $71,122.70. Following the sale, the insider now owns 19,640 shares in the company, valued at approximately $358,626.40. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Insiders own 39.20% of the company’s stock.

Institutional Trading of Forrester Research

Several institutional investors and hedge funds have recently bought and sold shares of the stock. Point72 DIFC Ltd boosted its position in shares of Forrester Research by 62.4% in the second quarter. Point72 DIFC Ltd now owns 1,713 shares of the technology company’s stock worth $29,000 after buying an additional 658 shares during the period. PNC Financial Services Group Inc. grew its stake in Forrester Research by 52.3% during the 4th quarter. PNC Financial Services Group Inc. now owns 1,553 shares of the technology company’s stock valued at $42,000 after acquiring an additional 533 shares in the last quarter. State Board of Administration of Florida Retirement System acquired a new position in shares of Forrester Research in the 1st quarter valued at about $186,000. Paloma Partners Management Co acquired a new position in shares of Forrester Research in the 1st quarter valued at about $222,000. Finally, Quantbot Technologies LP purchased a new stake in shares of Forrester Research in the first quarter worth approximately $223,000. Institutional investors and hedge funds own 55.20% of the company’s stock.

Analysts Set New Price Targets

Separately, StockNews.com cut shares of Forrester Research from a “buy” rating to a “hold” rating in a research note on Tuesday, October 1st.

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.