TD Securities Forecasts Strong Price Appreciation for VerticalScope (TSE:FORA) Stock

VerticalScope (TSE:FORA) had its price objective lifted by TD Securities from C$16.00 to C$17.00 in a research note issued to investors on Thursday,BayStreet.CA reports. They currently have a buy rating on the stock.

A number of other equities research analysts also recently weighed in on FORA. CIBC downgraded VerticalScope from an “outperform” rating to a “neutral” rating and decreased their price objective for the company from C$12.00 to C$9.00 in a report on Tuesday, October 15th. Raymond James increased their price objective on VerticalScope from C$11.50 to C$13.00 in a research note on Wednesday, November 13th.

VerticalScope Stock Down 6.2 %

TSE FORA opened at C$8.44 on Thursday. VerticalScope has a twelve month low of C$4.01 and a twelve month high of C$11.00. The company has a debt-to-equity ratio of 63.66, a quick ratio of 0.79 and a current ratio of 1.80. The stock has a market cap of C$157.15 million, a PE ratio of 120.57 and a beta of -0.02. The firm has a 50-day simple moving average of C$8.28 and a 200 day simple moving average of C$8.69.

Insiders Place Their Bets

In related news, 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 transaction of C$450,000.00. Also, 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, for a total transaction of C$42,700.00. In the last three months, insiders have sold 79,900 shares of company stock worth $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.