Forrester Research Inc. (FORR) Hits New 52-Week High at $38.60
Forrester Research Inc. (NASDAQ:FORR) reached a new 52-week high on Thursday . The stock traded as high as $38.60 and last traded at $38.58, with a volume of 18,400 shares trading hands. The stock had previously closed at $37.92.
Several equities research analysts recently weighed in on the stock. Zacks Investment Research upgraded shares of Forrester Research from a “hold” rating to a “buy” rating and set a $37.00 target price for the company in a research note on Tuesday, March 22nd. TheStreet upgraded shares of Forrester Research from a “hold” rating to a “buy” rating in a research note on Monday, April 18th. Finally, Barrington Research reiterated a “market perform” rating on shares of Forrester Research in a research note on Wednesday, June 22nd.
The firm has a market capitalization of $683.27 million and a PE ratio of 51.80. The company has a 50-day moving average price of $37.15 and a 200 day moving average price of $33.41.
Forrester Research (NASDAQ:FORR) last issued its quarterly earnings results on Wednesday, April 27th. The company reported $0.18 EPS for the quarter, hitting the consensus estimate of $0.18. The business had revenue of $77.40 million for the quarter, compared to the consensus estimate of $76.43 million. The company’s quarterly revenue was up 2.9% compared to the same quarter last year. During the same period last year, the firm earned $0.18 earnings per share. On average, equities analysts expect that Forrester Research Inc. will post $1.19 EPS for the current year.
The firm also recently declared a quarterly dividend, which was paid on Wednesday, June 22nd. Shareholders of record on Wednesday, June 8th were given a dividend of $0.18 per share. The ex-dividend date was Monday, June 6th. This represents a $0.72 annualized dividend and a yield of 1.88%.
A hedge fund recently raised its stake in Forrester Research stock. Dimensional Fund Advisors LP raised its stake in Forrester Research Inc. (NASDAQ:FORR) by 2.1% during the fourth quarter, according to its most recent filing with the SEC. The fund owned 677,226 shares of the company’s stock after buying an additional 13,728 shares during the period. Dimensional Fund Advisors LP owned about 3.82% of Forrester Research worth $19,288,000 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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