Cormark Boosts VerticalScope (TSE:FORA) Price Target to C$19.00

VerticalScope (TSE:FORA) had its price objective boosted by equities research analysts at Cormark from C$14.00 to C$19.00 in a research report issued to clients and investors on Friday,BayStreet.CA reports. Cormark’s price objective would indicate a potential upside of 91.53% from the stock’s current price.

Other equities analysts have also issued reports about the company. National Bankshares boosted their target price on VerticalScope from C$11.50 to C$13.00 in a research report on Thursday, November 14th. Royal Bank of Canada upped their price target on VerticalScope from C$16.00 to C$17.00 in a research report on Thursday, January 30th. Canaccord Genuity Group upped their price target on VerticalScope from C$14.00 to C$17.00 in a research report on Thursday, November 14th. Eight Capital upped their price objective on VerticalScope from C$15.00 to C$18.00 in a research note on Monday, December 2nd. Finally, TD Securities upped their price objective on VerticalScope from C$17.00 to C$18.00 and gave the stock a “buy” rating in a research note on Friday.

VerticalScope Stock Performance

Shares of TSE:FORA opened at C$9.92 on Friday. The stock has a market capitalization of C$156.29 million, a P/E ratio of 55.85 and a beta of -0.02. VerticalScope has a 1-year low of C$6.80 and a 1-year high of C$14.75. The business has a 50-day moving average price of C$12.00 and a two-hundred day moving average price of C$10.03. The company has a current ratio of 1.65, a quick ratio of 0.79 and a debt-to-equity ratio of 55.19.

Insider Transactions at VerticalScope

In related news, Director Rob Laidlaw sold 3,300 shares of the stock in a transaction on Wednesday, January 8th. The stock was sold at an average price of C$10.76, for a total value of C$35,501.40. Also, Senior Officer Brandon Seibel sold 12,500 shares of the stock in a transaction on Monday, January 20th. The shares were sold at an average price of C$11.00, for a total value of C$137,500.00. Insiders have sold a total of 25,550 shares of company stock worth $295,321 in the last 90 days. Corporate insiders own 37.10% of the company’s stock.

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.