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

Headlines about Forrester Research (NASDAQ:FORR) have been trending somewhat positive recently, according to Accern Sentiment Analysis. Accern identifies negative and positive press coverage by monitoring more than 20 million blog and news sources in real time. Accern ranks coverage of companies on a scale of negative one to one, with scores nearest to one being the most favorable. Forrester Research earned a daily sentiment score of 0.05 on Accern’s scale. Accern also gave media headlines about the technology company an impact score of 46.9072217245653 out of 100, indicating that recent press coverage is somewhat unlikely to have an effect on the company’s share price in the immediate future.

Here are some of the media headlines that may have impacted Accern’s analysis:

Several equities analysts recently commented on FORR shares. BidaskClub lowered Forrester Research from a “buy” rating to a “hold” rating in a report on Saturday, January 6th. Zacks Investment Research lowered Forrester Research from a “strong-buy” rating to a “hold” rating in a report on Tuesday, December 26th.

Forrester Research (NASDAQ:FORR) opened at $43.00 on Tuesday. The company has a market capitalization of $766.70, a price-to-earnings ratio of 51.81, a P/E/G ratio of 3.34 and a beta of 0.46. Forrester Research has a twelve month low of $36.95 and a twelve month high of $47.75.

Forrester Research (NASDAQ:FORR) last posted its earnings results on Wednesday, February 7th. The technology company reported $0.32 EPS for the quarter, missing the consensus estimate of $0.35 by ($0.03). The business had revenue of $90.38 million during the quarter, compared to analysts’ expectations of $84.85 million. Forrester Research had a net margin of 4.48% and a return on equity of 11.47%. The business’s quarterly revenue was up 8.3% compared to the same quarter last year. During the same period last year, the company earned $0.38 EPS. analysts anticipate that Forrester Research will post 1.06 earnings per share for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, March 21st. Investors of record on Wednesday, March 7th will be issued a $0.20 dividend. This represents a $0.80 annualized dividend and a yield of 1.86%. The ex-dividend date is Tuesday, March 6th. This is a positive change from Forrester Research’s previous quarterly dividend of $0.19. Forrester Research’s dividend payout ratio is 96.39%.

In related news, Director Gretchen Teichgraeber sold 1,000 shares of the stock in a transaction on Friday, December 15th. The stock was sold at an average price of $45.00, for a total value of $45,000.00. Following the transaction, the director now owns 8,770 shares of the company’s stock, valued at $394,650. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director George Hornig sold 646 shares of the stock in a transaction 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 sold 11,021 shares of company stock worth $462,666 in the last three months. 44.30% of the stock is currently owned by corporate insiders.

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About Forrester Research

Forrester Research, Inc (Forrester) is an 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.

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

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