Forrester Research (NASDAQ:FORR) Receiving Somewhat Positive Media Coverage, Report Finds

News articles about Forrester Research (NASDAQ:FORR) have trended somewhat positive this week, according to Accern. The research firm identifies positive and negative press coverage by monitoring more than twenty million blog and news sources. Accern ranks coverage of companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Forrester Research earned a news sentiment score of 0.12 on Accern’s scale. Accern also assigned press coverage about the technology company an impact score of 46.9878506260463 out of 100, indicating that recent press coverage is somewhat unlikely to have an effect on the stock’s share price in the immediate future.

Here are some of the headlines that may have effected Accern Sentiment’s rankings:

Forrester Research (NASDAQ FORR) traded down 2.02% during midday trading on Friday, hitting $38.80. 246,034 shares of the stock were exchanged. The company’s 50 day moving average is $40.08 and its 200 day moving average is $39.27. Forrester Research has a 1-year low of $34.95 and a 1-year high of $44.40. The company has a market capitalization of $688.04 million, a P/E ratio of 39.59 and a beta of 0.42.

Forrester Research (NASDAQ:FORR) last issued its earnings results on Wednesday, July 26th. The technology company reported $0.34 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.27 by $0.07. Forrester Research had a return on equity of 13.00% and a net margin of 5.49%. The business had revenue of $89.70 million during the quarter, compared to analysts’ expectations of $87.51 million. During the same period in the prior year, the business earned $0.46 EPS. The business’s revenue for the quarter was up 2.2% compared to the same quarter last year. Analysts predict that Forrester Research will post $1.18 earnings per share for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Wednesday, September 20th. Shareholders of record on Wednesday, September 6th will be issued a $0.19 dividend. This represents a $0.76 annualized dividend and a dividend yield of 1.96%. The ex-dividend date of this dividend is Tuesday, September 5th. Forrester Research’s dividend payout ratio is 77.55%.

FORR has been the subject of a number of recent analyst reports. BidaskClub raised shares of Forrester Research from a “buy” rating to a “strong-buy” rating in a research report on Monday, July 24th. Zacks Investment Research lowered shares of Forrester Research from a “hold” rating to a “sell” rating in a research report on Tuesday, August 1st.

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In other news, Director Henk Broeders sold 11,300 shares of the business’s stock in a transaction on Monday, August 7th. The stock was sold at an average price of $41.00, for a total value of $463,300.00. Following the completion of the transaction, the director now directly owns 28,762 shares of the company’s stock, valued at approximately $1,179,242. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, insider Michael Morhardt sold 2,880 shares of the business’s stock in a transaction on Thursday, June 8th. The stock was sold at an average price of $38.70, for a total value of $111,456.00. Following the completion of the transaction, the insider now directly owns 5,176 shares of the company’s stock, valued at $200,311.20. The disclosure for this sale can be found here. Over the last three months, insiders sold 36,180 shares of company stock valued at $1,462,012. Corporate insiders own 46.60% of the company’s stock.

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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