National Bankshares Raises VerticalScope (TSE:FORA) Price Target to C$13.00

VerticalScope (TSE:FORA) had its price objective upped by research analysts at National Bankshares from C$11.50 to C$13.00 in a report issued on Thursday,BayStreet.CA reports. National Bankshares’ price target points to a potential upside of 54.03% from the company’s previous close.

A number of other brokerages have also commented on FORA. TD Securities upped their price target on shares of VerticalScope from C$16.00 to C$17.00 and gave the company a “buy” rating in a research note on Thursday. CIBC downgraded VerticalScope from an “outperform” rating to a “neutral” rating and decreased their target price for the company from C$12.00 to C$9.00 in a research report on Tuesday, October 15th. Royal Bank of Canada lifted their price target on VerticalScope from C$15.00 to C$16.00 in a report on Thursday. Finally, Raymond James upped their price objective on VerticalScope from C$11.50 to C$13.00 in a report on Wednesday.

VerticalScope Trading Down 6.2 %

FORA stock opened at C$8.44 on Thursday. The stock has a market cap of C$157.15 million, a price-to-earnings ratio of 120.57 and a beta of -0.02. The company has a fifty day moving average price of C$8.28 and a two-hundred day moving average price of C$8.67. VerticalScope has a one year low of C$4.01 and a one year high of C$11.00. The company has a debt-to-equity ratio of 63.66, a current ratio of 1.80 and a quick ratio of 0.79.

Insider Activity at VerticalScope

In other VerticalScope news, Senior Officer Christopher Michael Goodridge purchased 5,000 shares of the stock in a transaction dated Wednesday, September 11th. The stock was bought at an average price of C$8.54 per share, with a total value of C$42,700.00. Also, Director Rob Laidlaw acquired 10,000 shares of the company’s stock in a transaction that occurred on Monday, October 21st. The shares were acquired at an average price of C$7.73 per share, with a total value of C$77,258.00. Insiders sold a total of 79,900 shares of company stock valued at $727,906 over the last quarter. 37.10% of the stock is owned by corporate insiders.

About VerticalScope

VerticalScope Holdings Inc, a technology company, operates a cloud-based digital community platform for online enthusiast communities in the United States, Canada, the United Kingdom, and internationally. The company provides digital advertising services comprising direct advertising campaigns serve primarily in original equipment manufacturers, retailers, and insurance providers; programmatic advertising which includes the monetization of display and video impressions, and private marketplace and programmatic guaranteed advertising; and custom content solutions that manages and produces branded content for advertisers, including product reviews, articles, e-mail features, and short videos; and provides e-commerce solutions.