Royal Bank of Canada Forecasts Strong Price Appreciation for VerticalScope (TSE:FORA) Stock

VerticalScope (TSE:FORA) had its target price hoisted by Royal Bank of Canada from C$15.00 to C$16.00 in a research report sent to investors on Thursday morning,BayStreet.CA reports.

A number of other brokerages also recently issued reports on FORA. Raymond James boosted their price target on shares of VerticalScope from C$11.50 to C$13.00 in a research report on Wednesday, November 13th. TD Securities boosted their price objective on VerticalScope from C$16.00 to C$17.00 and gave the company a “buy” rating in a research note on Thursday. Finally, CIBC downgraded VerticalScope from an “outperform” rating to a “neutral” rating and lowered their target price for the stock from C$12.00 to C$9.00 in a report on Tuesday, October 15th.

VerticalScope Stock Performance

Shares of VerticalScope 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. VerticalScope has a twelve month low of C$4.01 and a twelve month high of C$11.00. The company’s fifty day moving average is C$8.28 and its 200 day moving average is C$8.69. The company has a quick ratio of 0.79, a current ratio of 1.80 and a debt-to-equity ratio of 63.66.

Insider Activity at VerticalScope

In other news, Senior Officer Christopher Michael Goodridge acquired 5,000 shares of the business’s stock in a transaction dated Wednesday, September 11th. The stock was purchased at an average cost of C$8.54 per share, for a total transaction of C$42,700.00. Also, Director Rob Laidlaw sold 29,500 shares of the business’s stock in a transaction that occurred on Monday, September 23rd. The stock was sold at an average price of C$9.30, for a total value of C$274,350.00. In the last ninety days, insiders sold 79,900 shares of company stock worth $727,906. Corporate insiders own 37.10% of the company’s stock.

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.