Brokerages Set VerticalScope Holdings Inc. (TSE:FORA) PT at C$12.10

VerticalScope Holdings Inc. (TSE:FORA) has earned an average recommendation of “Moderate Buy” from the six analysts that are presently covering the firm, MarketBeat.com reports. Two investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. The average 12-month target price among analysts that have issued ratings on the stock in the last year is C$12.10.

A number of equities research analysts recently weighed in on the company. Beacon Securities dropped their price target on VerticalScope from C$19.50 to C$12.00 and set a “buy” rating on the stock in a research note on Wednesday, April 9th. TD Securities cut shares of VerticalScope from a “buy” rating to a “hold” rating and cut their target price for the stock from C$15.00 to C$6.00 in a research note on Wednesday, April 9th. Raymond James decreased their price target on shares of VerticalScope from C$14.50 to C$9.00 in a research note on Wednesday, April 9th. Canaccord Genuity Group cut their price objective on shares of VerticalScope from C$17.00 to C$10.00 in a research report on Wednesday, April 9th. Finally, Cormark upped their target price on VerticalScope from C$14.00 to C$19.00 in a research report on Friday, March 14th.

VerticalScope Price Performance

Shares of TSE FORA opened at C$4.85 on Tuesday. VerticalScope has a twelve month low of C$4.50 and a twelve month high of C$14.75. The company has a market cap of C$76.41 million, a PE ratio of 27.30 and a beta of -0.02. The business’s 50 day moving average price is C$7.83 and its two-hundred day moving average price is C$9.56. The company has a quick ratio of 0.79, a current ratio of 1.65 and a debt-to-equity ratio of 55.19.

Insider Activity

In other news, Director Rob Laidlaw acquired 61,225 shares of the business’s stock in a transaction that occurred on Friday, April 11th. The stock was acquired at an average price of C$4.90 per share, with a total value of C$300,002.50. Over the last ninety days, insiders acquired 62,000 shares of company stock worth $303,871. Corporate insiders own 37.10% of the company’s stock.

VerticalScope Company Profile

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.