VerticalScope (TSE:FORA) Price Target Raised to C$10.00

VerticalScope (TSE:FORA) had its price objective raised by CIBC from C$9.00 to C$10.00 in a research note published on Thursday morning,BayStreet.CA reports.

Several other equities analysts also recently commented on FORA. National Bankshares upped their price objective on VerticalScope from C$11.50 to C$13.00 in a research report on Thursday. Royal Bank of Canada increased their price target on VerticalScope from C$15.00 to C$16.00 in a research note on Thursday. TD Securities upped their target price on VerticalScope from C$16.00 to C$17.00 and gave the company a “buy” rating in a research report on Thursday. Finally, Raymond James upped their price objective on VerticalScope from C$11.50 to C$13.00 in a research report on Wednesday.

VerticalScope Stock Down 6.2 %

Shares of TSE:FORA opened at C$8.44 on Thursday. The company has a 50-day moving average price of C$8.28 and a 200 day moving average price of C$8.68. VerticalScope has a 12 month low of C$4.01 and a 12 month high of C$11.00. The company 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 current ratio of 1.80, a quick ratio of 0.79 and a debt-to-equity ratio of 63.66.

Insider Buying and Selling

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