VerticalScope (TSE:FORA) Trading Up 1.2% – Should You Buy?

VerticalScope Holdings Inc. (TSE:FORA) shares traded up 1.2% during trading on Monday . The stock traded as high as C$10.25 and last traded at C$10.24. 18,636 shares were traded during trading, a decline of 29% from the average session volume of 26,395 shares. The stock had previously closed at C$10.12.

Wall Street Analysts Forecast Growth

A number of research analysts recently weighed in on the stock. Royal Bank of Canada raised their target price on shares of VerticalScope from C$15.00 to C$16.00 in a research report on Thursday, November 14th. CIBC upped their target price on VerticalScope from C$9.00 to C$10.00 in a report on Thursday, November 14th. Eight Capital raised their price target on VerticalScope from C$15.00 to C$18.00 in a research note on Monday, December 2nd. Raymond James upped their price objective on VerticalScope from C$11.50 to C$13.00 in a research note on Wednesday, November 13th. Finally, TD Securities raised their target price on shares of VerticalScope from C$16.00 to C$17.00 and gave the company a “buy” rating in a research note on Thursday, November 14th.

VerticalScope Stock Performance

The company has a debt-to-equity ratio of 63.66, a current ratio of 1.80 and a quick ratio of 0.79. The stock has a 50-day moving average price of C$9.21 and a 200-day moving average price of C$8.88. The company has a market capitalization of C$190.67 million, a price-to-earnings ratio of 146.29 and a beta of -0.02.

Insider Buying and Selling at VerticalScope

In other news, Director Rob Laidlaw purchased 10,000 shares of the company’s stock in a transaction that occurred on Monday, October 21st. The stock was acquired at an average cost of C$7.73 per share, with a total value of C$77,258.00. Also, Senior Officer Christopher Michael Goodridge acquired 12,500 shares of the firm’s stock in a transaction on Friday, November 15th. The stock was purchased at an average cost of C$8.70 per share, for a total transaction of C$108,750.00. 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.