VerticalScope Holdings Inc. (TSE:FORA) Given Average Recommendation of “Hold” by Brokerages

VerticalScope Holdings Inc. (TSE:FORA) has earned an average rating of “Hold” from the seven ratings firms that are presently covering the firm, Marketbeat reports. Four equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company. The average 12-month price objective among analysts that have covered the stock in the last year is C$10.45.

A number of equities analysts recently weighed in on the company. Raymond James reduced their price target on VerticalScope from C$14.50 to C$9.00 in a report on Wednesday, April 9th. Cormark upped their target price on VerticalScope from C$14.00 to C$19.00 in a research note on Friday, March 14th. National Bankshares reduced their target price on VerticalScope from C$9.00 to C$8.00 and set a “sector perform” rating for the company in a research note on Thursday, May 22nd. CIBC reduced their target price on VerticalScope from C$6.00 to C$5.00 in a research note on Thursday, May 22nd. Finally, Royal Bank of Canada downgraded VerticalScope from an “outperform” rating to a “sector perform” rating and reduced their target price for the stock from C$9.00 to C$6.00 in a research note on Thursday, May 22nd.

VerticalScope Stock Performance

Shares of TSE FORA opened at C$4.03 on Friday. The company has a market capitalization of C$63.49 million, a PE ratio of 22.69 and a beta of -0.02. The company has a debt-to-equity ratio of 55.19, a quick ratio of 0.79 and a current ratio of 1.65. The company’s fifty day moving average price is C$5.67 and its 200 day moving average price is C$9.14. VerticalScope has a 1 year low of C$3.97 and a 1 year high of C$14.75.

Insider Buying and Selling at VerticalScope

In related news, Director Rob Laidlaw bought 61,225 shares of the company’s stock in a transaction on Friday, April 11th. The stock was bought at an average cost of C$4.90 per share, for a total transaction of C$300,002.50. Insiders purchased a total of 62,000 shares of company stock worth $303,871 in the last three months. 37.10% of the stock is owned by corporate insiders.

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.