VerticalScope (TSE:FORA) Stock Price Expected to Rise, CIBC Analyst Says

VerticalScope (TSE:FORA) had its price objective raised by research analysts at CIBC from C$9.00 to C$10.00 in a report issued on Thursday,BayStreet.CA reports. CIBC’s target price would indicate a potential upside of 18.48% from the company’s previous close.

A number of other research analysts have also weighed in on FORA. Raymond James raised their price target on shares of VerticalScope from C$11.50 to C$13.00 in a research report on Wednesday. TD Securities boosted 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. Royal Bank of Canada upped their target price on VerticalScope from C$15.00 to C$16.00 in a report on Thursday. Finally, National Bankshares lifted their price target on VerticalScope from C$11.50 to C$13.00 in a report on Thursday.

VerticalScope Trading Down 6.2 %

TSE FORA 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 business has a fifty day simple moving average of C$8.28 and a 200 day simple moving average of C$8.67. VerticalScope has a 12 month low of C$4.01 and a 12 month high of C$11.00. The firm has a market capitalization of C$157.15 million, a P/E ratio of 120.57 and a beta of -0.02.

Insider Buying and Selling at VerticalScope

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

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.