Somewhat Positive Media Coverage Somewhat Unlikely to Impact Forrester Research (FORR) Stock Price

Press coverage about Forrester Research (NASDAQ:FORR) has trended somewhat positive this week, Accern Sentiment reports. The research group ranks the sentiment of media coverage by monitoring more than twenty million news and blog sources in real-time. Accern ranks coverage of companies on a scale of -1 to 1, with scores closest to one being the most favorable. Forrester Research earned a news impact score of 0.04 on Accern’s scale. Accern also assigned news stories about the technology company an impact score of 46.4076272867111 out of 100, indicating that recent media coverage is somewhat unlikely to have an impact on the stock’s share price in the immediate future.

These are some of the media headlines that may have effected Accern Sentiment Analysis’s analysis:

FORR has been the subject of several recent research reports. BidaskClub cut Forrester Research from a “buy” rating to a “hold” rating in a research report on Friday, April 13th. Barrington Research reissued a “hold” rating on shares of Forrester Research in a research report on Friday, April 27th. Finally, Zacks Investment Research cut Forrester Research from a “hold” rating to a “sell” rating in a research report on Thursday, May 3rd.

NASDAQ FORR traded up $0.25 during trading hours on Tuesday, hitting $42.55. 704 shares of the company traded hands, compared to its average volume of 44,363. Forrester Research has a twelve month low of $36.95 and a twelve month high of $47.75. The stock has a market capitalization of $753.53 million, a PE ratio of 51.27, a price-to-earnings-growth ratio of 3.33 and a beta of 0.34.

Forrester Research (NASDAQ:FORR) last issued its quarterly earnings results on Thursday, April 26th. The technology company reported ($0.01) EPS for the quarter, missing the consensus estimate of $0.06 by ($0.07). Forrester Research had a net margin of 3.07% and a return on equity of 7.62%. The company had revenue of $77.75 million for the quarter, compared to analyst estimates of $78.51 million. sell-side analysts forecast that Forrester Research will post 1.05 earnings per share for the current fiscal year.

The business also recently declared a quarterly dividend, which will be paid on Wednesday, June 27th. Investors of record on Wednesday, June 13th will be given a dividend of $0.20 per share. The ex-dividend date is Tuesday, June 12th. This represents a $0.80 annualized dividend and a yield of 1.88%. Forrester Research’s dividend payout ratio (DPR) is presently 96.39%.

In other news, Director Gretchen Teichgraeber sold 7,368 shares of the firm’s stock in a transaction that occurred on Tuesday, February 27th. The stock was sold at an average price of $41.53, for a total value of $305,993.04. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director George Hornig sold 646 shares of the firm’s stock in a transaction that occurred on Thursday, March 1st. The shares were sold at an average price of $40.70, for a total value of $26,292.20. The disclosure for this sale can be found here. Insiders have sold 30,121 shares of company stock valued at $1,273,167 over the last three months. Insiders own 43.50% of the company’s stock.

About Forrester Research

Forrester Research, Inc operates as an independent research, data, and advisory services company. It operates through Research, Product, and Project Consulting segments. Its primary syndicated research product is Research, which offers clients with access to its syndicated research designed to inform their strategic decision-making.

Insider Buying and Selling by Quarter for Forrester Research (NASDAQ:FORR)

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