VerticalScope (TSE:FORA) Reaches New 1-Year High on Analyst Upgrade

VerticalScope Holdings Inc. (TSE:FORA)’s share price reached a new 52-week high during trading on Monday after CIBC raised their price target on the stock from C$10.00 to C$17.00. The company traded as high as C$13.92 and last traded at C$13.91, with a volume of 33117 shares traded. The stock had previously closed at C$13.42.

FORA has been the subject of several other research reports. TD Securities upped their target price on shares of VerticalScope from C$16.00 to C$17.00 and gave the stock a “buy” rating in a research report on Thursday, November 14th. National Bankshares increased their price objective on VerticalScope from C$11.50 to C$13.00 in a report on Thursday, November 14th. Eight Capital lifted their target price on VerticalScope from C$15.00 to C$18.00 in a research note on Monday, December 2nd. Raymond James increased their price target on VerticalScope from C$11.50 to C$13.00 in a research note on Wednesday, November 13th. Finally, Canaccord Genuity Group lifted their price objective on shares of VerticalScope from C$14.00 to C$17.00 in a research note on Thursday, November 14th.

Insider Buying and Selling at VerticalScope

In other VerticalScope news, Director Rob Laidlaw sold 8,500 shares of the business’s stock in a transaction on Thursday, January 23rd. The shares were sold at an average price of C$12.62, for a total transaction of C$107,270.00. Also, Senior Officer Christopher Michael Goodridge bought 12,500 shares of the firm’s stock in a transaction that occurred on Friday, November 15th. The shares were acquired at an average price of C$8.70 per share, with a total value of C$108,750.00. Insiders sold 26,400 shares of company stock valued at $304,926 in the last quarter. Company insiders own 37.10% of the company’s stock.

VerticalScope Stock Performance

The firm has a market capitalization of C$253.60 million, a price-to-earnings ratio of 194.57 and a beta of -0.02. The firm’s 50-day moving average price is C$11.14 and its two-hundred day moving average price is C$9.43. The company has a debt-to-equity ratio of 63.66, a quick ratio of 0.79 and a current ratio of 1.80.

VerticalScope Company Profile

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.