VerticalScope (TSE:FORA) Given New C$4.50 Price Target at TD Securities

VerticalScope (TSE:FORA) had its price target cut by TD Securities from C$6.00 to C$4.50 in a research report sent to investors on Thursday,BayStreet.CA reports. They currently have a hold rating on the stock.

Several other research firms have also recently issued reports on FORA. Beacon Securities dropped their target price on VerticalScope from C$19.50 to C$12.00 and set a “buy” rating on the stock in a research report on Wednesday, April 9th. National Bankshares decreased their price target on VerticalScope from C$9.00 to C$8.00 and set a “sector perform” rating on the stock in a research note on Thursday. Canaccord Genuity Group decreased their price target on VerticalScope from C$10.00 to C$6.00 and set a “speculative buy” rating on the stock in a research note on Thursday. CIBC lowered VerticalScope from an “outperform” rating to a “neutral” rating and decreased their price target for the stock from C$17.00 to C$6.00 in a research note on Thursday, April 10th. Finally, Raymond James reduced their target price on VerticalScope from C$14.50 to C$9.00 in a research note on Wednesday, April 9th. Four investment analysts have rated the stock with a hold rating and three have given a buy rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus target price of C$10.45.

VerticalScope Stock Performance

TSE FORA opened at C$4.25 on Thursday. The company has a current ratio of 1.65, a quick ratio of 0.79 and a debt-to-equity ratio of 55.19. The business’s 50 day moving average is C$6.09 and its two-hundred day moving average is C$9.24. VerticalScope has a 12-month low of C$4.00 and a 12-month high of C$14.75. The stock has a market capitalization of C$66.96 million, a price-to-earnings ratio of 23.93 and a beta of -0.02.

Insider Transactions at VerticalScope

In other news, Director Rob Laidlaw acquired 61,225 shares of the company’s stock in a transaction dated Friday, April 11th. The stock was acquired at an average cost of C$4.90 per share, for a total transaction of C$300,002.50. Insiders bought a total of 62,000 shares of company stock worth $303,871 in the last ninety days. 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.