Barrington Believes Forrester Research (NASDAQ: FORR) Won’t Stop Here

Barrington analyst Vincent Colicchio maintained a Buy rating on Forrester Research (FORRResearch Report) on September 8 and set a price target of $54.00. The company’s shares closed last Tuesday at $46.48, close to its 52-week high of $48.87.

According to TipRanks.com, Colicchio is a 5-star analyst with an average return of 19.7% and a 67.9% success rate. Colicchio covers the Technology sector, focusing on stocks such as Exlservice Holdings, Insight Enterprises, and HealthStream.

Forrester Research has an analyst consensus of Moderate Buy, with a price target consensus of $54.00.

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Forrester Research’s market cap is currently $890.9M and has a P/E ratio of 81.80. The company has a Price to Book ratio of -7.79.

Based on the recent corporate insider activity of 54 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of FORR in relation to earlier this year.

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Forrester Research, Inc. engages in the provision of research, data, and advisory services. It operates through the following segments: Research, Product, and Project Consulting. The Research segment includes research personnel who are responsible for writing the research and performing the webinars and inquiries for the company’s research and connect products. The Product segment consists of product management organization that is responsible for product pricing, packaging and the launch of new products. The Project Consulting segment comprises of consultants that delivers project consulting services. The company was founded by George F. Colony on July 7, 1983 and is headquartered in Cambridge, MA.