VerticalScope (TSE:FORA) Stock Price Expected to Rise, National Bankshares Analyst Says

VerticalScope (TSE:FORA) had its price objective hoisted by stock analysts at National Bankshares from C$13.00 to C$15.00 in a report issued on Friday,BayStreet.CA reports. The firm currently has an “outperform” rating on the stock. National Bankshares’ target price would indicate a potential upside of 51.21% from the company’s current price.

A number of other research firms have also commented on FORA. Canaccord Genuity Group increased their price target on VerticalScope from C$14.00 to C$17.00 in a research report on Thursday, November 14th. Cormark increased their price target on VerticalScope from C$14.00 to C$19.00 in a research report on Friday. CIBC increased their price target on VerticalScope from C$10.00 to C$17.00 in a research report on Monday, February 10th. TD Securities increased their price target on VerticalScope from C$17.00 to C$18.00 and gave the stock a “buy” rating in a research report on Friday. Finally, Raymond James increased their price objective on VerticalScope from C$13.00 to C$14.50 and gave the company an “outperform” rating in a research report on Friday.

VerticalScope Stock Down 1.8 %

TSE FORA opened at C$9.92 on Friday. The firm has a market cap of C$156.29 million, a PE ratio of 55.85 and a beta of -0.02. VerticalScope has a one year low of C$6.80 and a one year high of C$14.75. The stock’s 50 day simple moving average is C$12.00 and its 200 day simple moving average is C$10.03. The company has a debt-to-equity ratio of 55.19, a current ratio of 1.65 and a quick ratio of 0.79.

Insider Buying and Selling at VerticalScope

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