Forrester Research Inc. (FORR) Hits New 1-Year High at $38.60
Forrester Research Inc. (NASDAQ:FORR)’s share price reached a new 52-week high during mid-day trading on Thursday . The stock traded as high as $38.60 and last traded at $38.58, with a volume of 18,400 shares changing hands. The stock had previously closed at $37.92.
Several equities analysts have recently issued reports on FORR shares. Zacks Investment Research lowered shares of Forrester Research from a “buy” rating to a “hold” rating in a report on Monday, March 21st. TheStreet upgraded shares of Forrester Research from a “hold” rating to a “buy” rating in a report on Monday, April 18th. Finally, Barrington Research restated a “market perform” rating on shares of Forrester Research in a report on Wednesday, June 22nd.
The stock has a market capitalization of $684.70 million and a P/E ratio of 51.91. The firm has a 50-day moving average price of $37.23 and a 200 day moving average price of $33.51.
Forrester Research (NASDAQ:FORR) last posted its quarterly earnings data on Wednesday, April 27th. The company reported $0.18 earnings per share for the quarter, hitting the Zacks’ consensus estimate of $0.18. During the same period last year, the company earned $0.18 earnings per share. The firm earned $77.40 million during the quarter, compared to analysts’ expectations of $76.43 million. The business’s revenue for the quarter was up 2.9% compared to the same quarter last year. Equities research analysts anticipate that Forrester Research Inc. will post $1.19 earnings per share for the current year.
The business also recently announced a quarterly dividend, which was paid on Wednesday, June 22nd. Shareholders of record on Wednesday, June 8th were paid a $0.18 dividend. The ex-dividend date was Monday, June 6th. This represents a $0.72 dividend on an annualized basis and a yield of 1.87%.
A hedge fund recently raised its stake in Forrester Research stock. Morgan Stanley increased its position in Forrester Research Inc. (NASDAQ:FORR) by 6,336.8% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 92,626 shares of the company’s stock after buying an additional 91,187 shares during the period. Morgan Stanley owned approximately 0.52% of Forrester Research worth $2,638,000 as of its most recent filing with the SEC.
Forrester Research, Inc (Forrester) is a global independent research, data, and advisory services firm. The Company offers research, data, advisory and related services that are thematic, prescriptive, and executable, and that provide a perspective on the changing business environment. Its segments include Research, Product and Project Consulting.
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