VerticalScope (TSE:FORA) Price Target Raised to C$17.00 at TD Securities

VerticalScope (TSE:FORA) had its target price hoisted by TD Securities from C$16.00 to C$17.00 in a research note issued to investors on Thursday,BayStreet.CA reports. The brokerage presently has a “buy” rating on the stock. TD Securities’ target price would indicate a potential upside of 101.42% from the stock’s current price.

FORA has been the subject of several other research reports. Raymond James increased their price objective on shares of VerticalScope from C$11.50 to C$13.00 in a research report on Wednesday. CIBC lowered shares of VerticalScope from an “outperform” rating to a “neutral” rating and lowered their price target for the company from C$12.00 to C$9.00 in a report on Tuesday, October 15th.

VerticalScope Trading Down 6.2 %

Shares of FORA opened at C$8.44 on Thursday. The company has a debt-to-equity ratio of 63.66, a current ratio of 1.80 and a quick ratio of 0.79. VerticalScope has a 12 month low of C$4.01 and a 12 month high of C$11.00. The stock has a market cap of C$157.15 million, a PE ratio of 120.57 and a beta of -0.02. The stock’s 50-day moving average is C$8.28 and its two-hundred day moving average is C$8.67.

Insider Buying and Selling at VerticalScope

In other news, Director Rob Laidlaw purchased 10,000 shares of the firm’s stock in a transaction that occurred on Monday, October 21st. The stock was acquired at an average cost of C$7.73 per share, for a total transaction of C$77,258.00. Also, 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 cost of C$8.54 per share, with a total value of C$42,700.00. Insiders have sold a total of 79,900 shares of company stock valued at $727,906 in the last three months. 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.