VerticalScope (TSE:FORA) Price Target Raised to C$15.00

VerticalScope (TSE:FORA) had its price target lifted by analysts at National Bankshares from C$13.00 to C$15.00 in a report issued on Friday,BayStreet.CA reports. The brokerage currently has an “outperform” rating on the stock. National Bankshares’ price target would indicate a potential upside of 50.00% from the stock’s previous close.

A number of other analysts also recently issued reports on the stock. Royal Bank of Canada boosted their price objective on shares of VerticalScope from C$16.00 to C$17.00 in a report on Thursday, January 30th. Cormark increased their price objective on shares of VerticalScope from C$14.00 to C$19.00 in a research report on Friday. Eight Capital raised their price target on shares of VerticalScope from C$15.00 to C$18.00 in a report on Monday, December 2nd. CIBC raised their price target on shares of VerticalScope from C$10.00 to C$17.00 in a research report on Monday, February 10th. Finally, TD Securities lifted their price objective on shares of VerticalScope from C$17.00 to C$18.00 and gave the stock a “buy” rating in a research report on Friday. One analyst has rated the stock with a hold rating and four have given a buy rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of C$16.94.

VerticalScope Trading Down 1.0 %

Shares of TSE FORA traded down C$0.10 during midday trading on Friday, reaching C$10.00. 63,919 shares of the stock were exchanged, compared to its average volume of 48,891. The business has a 50-day simple moving average of C$12.02 and a two-hundred day simple moving average of C$10.01. The company has a market capitalization of C$157.55 million, a price-to-earnings ratio of 56.30 and a beta of -0.02. VerticalScope has a 12 month low of C$6.80 and a 12 month high of C$14.75. The company has a debt-to-equity ratio of 55.19, a current ratio of 1.65 and a quick ratio of 0.79.

Insider Buying and Selling

In other VerticalScope news, Senior Officer Brandon Seibel sold 12,500 shares of the business’s stock in a transaction dated Monday, January 20th. The shares were sold at an average price of C$11.00, for a total value of C$137,500.00. Also, Director Rob Laidlaw sold 8,500 shares of the company’s stock in a transaction that occurred on Thursday, January 23rd. The shares were sold at an average price of C$12.62, for a total value of C$107,270.00. Over the last 90 days, insiders have sold 25,550 shares of company stock worth $295,321. Insiders own 37.10% of the company’s stock.

About VerticalScope

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.