VerticalScope (TSE:FORA) Stock Price Expected to Rise, Canaccord Genuity Group Analyst Says

VerticalScope (TSE:FORA) had its price target raised by Canaccord Genuity Group from C$14.00 to C$17.00 in a research report released on Thursday,BayStreet.CA reports.

FORA has been the subject of several other research reports. National Bankshares increased their price objective on shares of VerticalScope from C$11.50 to C$13.00 in a research note on Thursday. Raymond James upped their price target on VerticalScope from C$11.50 to C$13.00 in a research note on Wednesday. CIBC raised their price objective on VerticalScope from C$9.00 to C$10.00 in a research report on Thursday. Royal Bank of Canada boosted their price target on shares of VerticalScope from C$15.00 to C$16.00 in a research report on Thursday. Finally, TD Securities raised their price target on VerticalScope from C$16.00 to C$17.00 and gave the stock a “buy” rating in a research report on Thursday.

VerticalScope Stock Performance

Shares of FORA stock opened at C$8.44 on Thursday. The firm has a market capitalization of C$157.15 million, a PE ratio of 120.57 and a beta of -0.02. The company has a quick ratio of 0.79, a current ratio of 1.80 and a debt-to-equity ratio of 63.66. 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 52 week low of C$4.01 and a 52 week high of C$11.00.

Insider Buying and Selling

In other VerticalScope news, Director Rob Laidlaw sold 50,000 shares of the company’s stock in a transaction on Thursday, August 22nd. The stock was sold at an average price of C$9.00, for a total transaction of C$450,000.00. Also, Senior Officer Christopher Michael Goodridge bought 5,000 shares of the business’s stock in a transaction on Wednesday, September 11th. The stock was bought at an average price of C$8.54 per share, for a total transaction of C$42,700.00. Insiders have sold a total of 79,900 shares of company stock valued at $727,906 over the last quarter. 37.10% of the stock is 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.