VerticalScope (TSE:FORA) Given New C$15.00 Price Target at TD Securities

VerticalScope (TSE:FORA) had its price objective decreased by stock analysts at TD Securities from C$18.00 to C$15.00 in a research report issued to clients and investors on Tuesday,BayStreet.CA reports. The firm currently has a “buy” rating on the stock. TD Securities’ price objective would indicate a potential upside of 86.80% from the stock’s current price.

Other analysts also recently issued reports about the company. National Bankshares increased their price target on VerticalScope from C$13.00 to C$15.00 and gave the stock an “outperform” rating in a report on Friday, March 14th. Royal Bank of Canada lifted their price objective on shares of VerticalScope from C$16.00 to C$17.00 in a report on Thursday, January 30th. CIBC raised their price target on shares of VerticalScope from C$10.00 to C$17.00 in a research report on Monday, February 10th. Raymond James lifted their price target on VerticalScope from C$13.00 to C$14.50 and gave the company an “outperform” rating in a research note on Friday, March 14th. Finally, Cormark increased their price objective on VerticalScope from C$14.00 to C$19.00 in a research note on Friday, March 14th.

VerticalScope Price Performance

FORA stock traded down C$0.03 during midday trading on Tuesday, reaching C$8.03. 79,651 shares of the stock were exchanged, compared to its average volume of 55,181. The company has a fifty day moving average price of C$11.36 and a 200 day moving average price of C$10.08. VerticalScope has a 52 week low of C$6.80 and a 52 week high of C$14.75. The company has a debt-to-equity ratio of 55.19, a current ratio of 1.65 and a quick ratio of 0.79. The stock has a market capitalization of C$126.52 million, a PE ratio of 45.21 and a beta of -0.02.

Insider Activity

In related news, Senior Officer Brandon Seibel sold 12,500 shares of the company’s stock in a transaction that occurred on Monday, January 20th. The shares were sold at an average price of C$11.00, for a total transaction of C$137,500.00. Also, Director Rob Laidlaw sold 3,300 shares of VerticalScope stock in a transaction that occurred on Wednesday, January 8th. The shares were sold at an average price of C$10.76, for a total transaction of C$35,501.40. Insiders sold a total of 25,550 shares of company stock valued at $295,321 in the last ninety days. 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.