VerticalScope (TSE:FORA) Price Target Raised to C$13.00

VerticalScope (TSE:FORA) had its price objective increased by National Bankshares from C$11.50 to C$13.00 in a report issued on Thursday morning,BayStreet.CA reports.

Several other analysts also recently issued reports on the company. CIBC downgraded VerticalScope from an “outperform” rating to a “neutral” rating and reduced their price objective for the company from C$12.00 to C$9.00 in a research report on Tuesday, October 15th. TD Securities lifted their price target on shares of VerticalScope from C$16.00 to C$17.00 and gave the company a “buy” rating in a research report on Thursday. Royal Bank of Canada increased their price objective on shares of VerticalScope from C$15.00 to C$16.00 in a research report on Thursday. Finally, Raymond James raised their price objective on VerticalScope from C$11.50 to C$13.00 in a research note on Wednesday.

VerticalScope Trading Down 6.2 %

Shares of VerticalScope stock opened at C$8.44 on Thursday. The company has a current ratio of 1.80, a quick ratio of 0.79 and a debt-to-equity ratio of 63.66. The stock has a market cap of C$157.15 million, a PE ratio of 120.57 and a beta of -0.02. VerticalScope has a 12-month low of C$4.01 and a 12-month high of C$11.00. The company has a 50-day moving average of C$8.28 and a two-hundred day moving average of C$8.68.

Insider Transactions at VerticalScope

In other news, Senior Officer Christopher Michael Goodridge acquired 5,000 shares of the company’s stock in a transaction dated Wednesday, September 11th. The shares were bought at an average price of C$8.54 per share, with a total value of C$42,700.00. Also, Director Rob Laidlaw sold 50,000 shares of the company’s stock in a transaction on Thursday, August 22nd. The shares were sold at an average price of C$9.00, for a total value of C$450,000.00. In the last ninety days, insiders have sold 79,900 shares of company stock worth $727,906. 37.10% of the stock is currently owned by company insiders.

VerticalScope Company Profile

VerticalScope Holdings Inc, a technology company, operates a cloud-based digital community platform for online enthusiast communities in the United States, Canada, the United Kingdom, and internationally. The company provides digital advertising services comprising direct advertising campaigns serve primarily in original equipment manufacturers, retailers, and insurance providers; programmatic advertising which includes the monetization of display and video impressions, and private marketplace and programmatic guaranteed advertising; and custom content solutions that manages and produces branded content for advertisers, including product reviews, articles, e-mail features, and short videos; and provides e-commerce solutions.