TD Securities Lowers VerticalScope (TSE:FORA) Price Target to C$15.00

VerticalScope (TSE:FORA) had its price objective cut by equities research analysts at TD Securities from C$18.00 to C$15.00 in a report released on Tuesday,BayStreet.CA reports. The firm presently has a “buy” rating on the stock. TD Securities’ price target points to a potential upside of 188.46% from the company’s current price.

A number of other research analysts have also recently commented on the company. CIBC boosted their price objective on VerticalScope from C$10.00 to C$17.00 in a research note on Monday, February 10th. Cormark upped their price target on VerticalScope from C$14.00 to C$19.00 in a report on Friday, March 14th. National Bankshares lifted their price objective on shares of VerticalScope from C$13.00 to C$15.00 and gave the company an “outperform” rating in a research note on Friday, March 14th. Royal Bank of Canada upped their target price on shares of VerticalScope from C$16.00 to C$17.00 in a research note on Thursday, January 30th. Finally, Raymond James boosted their price objective on shares of VerticalScope from C$13.00 to C$14.50 and gave the stock an “outperform” rating in a report on Friday, March 14th. Two research analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. According to data from MarketBeat.com, VerticalScope has an average rating of “Moderate Buy” and an average target price of C$14.00.

VerticalScope Trading Down 31.7 %

Shares of FORA opened at C$5.20 on Tuesday. The stock’s fifty day simple moving average is C$10.91 and its 200 day simple moving average is C$9.99. VerticalScope has a twelve month low of C$4.76 and a twelve month high of C$14.75. The company has a current ratio of 1.65, a quick ratio of 0.79 and a debt-to-equity ratio of 55.19. The firm has a market capitalization of C$81.93 million, a P/E ratio of 29.28 and a beta of -0.02.

Insider Activity

In other news, Senior Officer Brandon Seibel sold 12,500 shares of the stock in a transaction on Monday, January 20th. The stock was sold at an average price of C$11.00, for a total value of C$137,500.00. Also, Director Rob Laidlaw sold 8,500 shares of VerticalScope stock in a transaction dated Thursday, January 23rd. The shares were sold at an average price of C$12.62, for a total transaction of C$107,270.00. Over the last ninety days, insiders sold 22,250 shares of company stock valued at $259,820. 37.10% of the stock is currently owned by insiders.

About VerticalScope

VerticalScope is a technology company that has built and operates a cloud-based digital platform for online enthusiast communities in high-consumer spending categories. VerticalScope’s mission is to enable people with common interests to connect, explore their passions and share knowledge about the things they love.