VerticalScope (TSE:FORA) Price Target Raised to C$13.00

VerticalScope (TSE:FORA) had its price target lifted by Raymond James from C$11.50 to C$13.00 in a research note released on Wednesday,BayStreet.CA reports.

Other research analysts also recently issued reports about the company. TD Securities boosted their price target on VerticalScope from C$15.00 to C$16.00 in a report on Friday, August 9th. CIBC cut shares of 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 note on Tuesday, October 15th.

VerticalScope Stock Down 6.2 %

TSE:FORA opened at C$8.44 on Wednesday. The company has a debt-to-equity ratio of 63.66, a current ratio of 1.80 and a quick ratio of 0.79. The company’s fifty day moving average price is C$8.28 and its 200-day moving average price is C$8.67. VerticalScope has a 1-year low of C$4.01 and a 1-year high of C$11.00. The firm has a market capitalization of C$157.15 million, a P/E ratio of 120.57 and a beta of -0.02.

Insider Activity

In related news, Senior Officer Christopher Michael Goodridge bought 5,000 shares of the company’s stock in a transaction dated Wednesday, September 11th. The shares were acquired at an average price of C$8.54 per share, for a total transaction of C$42,700.00. Also, Director Rob Laidlaw sold 50,000 shares of the company’s stock in a transaction dated Thursday, August 22nd. The stock was sold at an average price of C$9.00, for a total transaction of C$450,000.00. Insiders sold 79,900 shares of company stock worth $727,906 over the last three months. 37.10% of the stock is currently owned by corporate insiders.

VerticalScope Company Profile

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.