VerticalScope (TSE:FORA) Price Target Raised to C$16.00

VerticalScope (TSE:FORA) had its target price increased by Royal Bank of Canada from C$15.00 to C$16.00 in a research note issued to investors on Thursday morning,BayStreet.CA reports.

Several other research firms have also recently weighed in on FORA. Raymond James raised their target price on shares of VerticalScope from C$11.50 to C$13.00 in a research note on Wednesday. CIBC cut VerticalScope from an “outperform” rating to a “neutral” rating and dropped their price objective for the company from C$12.00 to C$9.00 in a report on Tuesday, October 15th. Finally, TD Securities upped their target price on VerticalScope from C$16.00 to C$17.00 and gave the stock a “buy” rating in a research note on Thursday.

VerticalScope Stock Performance

Shares of FORA stock opened at C$8.44 on Thursday. The company’s fifty day simple moving average is C$8.28 and its 200-day simple moving average is C$8.68. VerticalScope has a 12 month low of C$4.01 and a 12 month high of C$11.00. The company has a quick ratio of 0.79, a current ratio of 1.80 and a debt-to-equity ratio of 63.66. The firm has a market cap of C$157.15 million, a PE ratio of 120.57 and a beta of -0.02.

Insider Activity at VerticalScope

In other VerticalScope news, Senior Officer Christopher Michael Goodridge acquired 5,000 shares of the stock in a transaction on Wednesday, September 11th. The shares were purchased at an average price of C$8.54 per share, for a total transaction of C$42,700.00. Also, Director Rob Laidlaw sold 50,000 shares of the stock in a transaction that occurred on Thursday, August 22nd. The stock was sold at an average price of C$9.00, for a total value of C$450,000.00. Insiders sold 79,900 shares of company stock worth $727,906 over the last three months. Company insiders own 37.10% of the company’s stock.

About VerticalScope

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.