Canaccord Genuity Group Issues Positive Forecast for VerticalScope (TSE:FORA) Stock Price

VerticalScope (TSE:FORA) had its target price lifted by analysts at Canaccord Genuity Group from C$14.00 to C$17.00 in a report issued on Thursday,BayStreet.CA reports. Canaccord Genuity Group’s target price would indicate a potential upside of 88.26% from the stock’s previous close.

FORA has been the topic of several other research reports. Raymond James upped their price objective on shares of VerticalScope from C$11.50 to C$13.00 in a research note on Wednesday. CIBC lifted their price objective on VerticalScope from C$9.00 to C$10.00 in a research report on Thursday. National Bankshares raised their price target on VerticalScope from C$11.50 to C$13.00 in a research note on Thursday. TD Securities boosted their price target on VerticalScope from C$16.00 to C$17.00 and gave the company a “buy” rating in a research note on Thursday. Finally, Royal Bank of Canada raised their price objective on shares of VerticalScope from C$15.00 to C$16.00 in a research report on Thursday.

VerticalScope Stock Up 1.6 %

VerticalScope stock traded up C$0.14 during mid-day trading on Thursday, hitting C$9.03. The company’s stock had a trading volume of 152,767 shares, compared to its average volume of 23,131. The company has a debt-to-equity ratio of 63.66, a current ratio of 1.80 and a quick ratio of 0.79. VerticalScope has a 52-week low of C$4.01 and a 52-week high of C$11.00. The firm’s 50 day moving average is C$8.26 and its 200 day moving average is C$8.67. The company has a market cap of C$168.14 million, a PE ratio of 129.00 and a beta of -0.02.

Insider Transactions at VerticalScope

In other VerticalScope news, Senior Officer Christopher Michael Goodridge acquired 5,000 shares of VerticalScope stock in a transaction dated Wednesday, September 11th. The stock was bought at an average cost of C$8.54 per share, with a total value of C$42,700.00. In other VerticalScope news, Director Rob Laidlaw acquired 10,000 shares of VerticalScope stock in a transaction on Monday, October 21st. The shares were bought at an average price of C$7.73 per share, with a total value of C$77,258.00. Also, Senior Officer Christopher Michael Goodridge purchased 5,000 shares of the business’s stock in a transaction that occurred on Wednesday, September 11th. The stock was acquired at an average cost of C$8.54 per share, with a total value of C$42,700.00. In the last quarter, insiders have sold 79,900 shares of company stock valued at $727,906. 37.10% of the stock is owned by corporate insiders.

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.