VerticalScope Holdings Inc. (TSE:FORA) Stock Rated “Hold” by Sell-Side Brokerages

Shares of VerticalScope Holdings Inc. (TSE:FORA) have earned an average recommendation of “Hold” from the six brokerages that are presently covering the firm, Marketbeat Ratings reports. Five investment analysts have rated the stock with a hold rating and one has issued a buy rating on the company. The average 12 month price objective among brokers that have issued ratings on the stock in the last year is C$3.38.

FORA has been the topic of several recent research reports. ATB Cormark Capital Markets lowered shares of VerticalScope from a “speculative buy” rating to a “sector perform” rating and lowered their price target for the company from C$5.00 to C$3.00 in a research note on Friday. TD reduced their price objective on shares of VerticalScope from C$3.00 to C$2.25 and set a “hold” rating for the company in a research note on Thursday. National Bank Financial reduced their price objective on shares of VerticalScope from C$4.25 to C$3.00 and set a “sector perform” rating for the company in a research note on Thursday. Finally, Raymond James Financial decreased their price objective on VerticalScope from C$5.00 to C$4.00 and set an “outperform” rating for the company in a report on Friday, August 14th.

VerticalScope Stock Up 0.9%

Shares of TSE FORA traded up C$0.02 during midday trading on Friday, reaching C$2.18. The company’s stock had a trading volume of 5,810 shares, compared to its average volume of 12,514. The company has a current ratio of 1.65, a quick ratio of 0.79 and a debt-to-equity ratio of 46.11. VerticalScope has a fifty-two week low of C$2.04 and a fifty-two week high of C$3.49. The stock has a market capitalization of C$47.60 million, a price-to-earnings ratio of -6.06 and a beta of 0.83. The stock has a 50 day simple moving average of C$2.79 and a 200-day simple moving average of C$2.80.

VerticalScope (TSE:FORA) last announced its quarterly earnings data on Tuesday, November 10th. The company reported C$0.01 EPS for the quarter. VerticalScope had a negative net margin of 14.06% and a negative return on equity of 10.41%. The business had revenue of C$18.66 million for the quarter. Equities research analysts predict that VerticalScope will post 0.37 earnings per share for the current year.

VerticalScope Company Profile

Founded in 1999 and headquartered in Toronto, Ontario, 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. Through targeted acquisitions and development, VerticalScope has built a portfolio of over 1,200 online communities and approximately 100 million monthly active users.