VerticalScope (TSE:FORA) Price Target Raised to C$13.00

VerticalScope (TSE:FORA) had its target price hoisted by National Bankshares from C$11.50 to C$13.00 in a research report sent to investors on Thursday morning,BayStreet.CA reports.

A number of other research firms also recently issued reports on FORA. TD Securities upped their price target 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. Raymond James increased their price target on shares of VerticalScope from C$11.50 to C$13.00 in a report on Wednesday, November 13th. CIBC cut VerticalScope from an “outperform” rating to a “neutral” rating and reduced their price objective for the stock from C$12.00 to C$9.00 in a research note on Tuesday, October 15th. Finally, Royal Bank of Canada lifted their target price on VerticalScope from C$15.00 to C$16.00 in a report on Thursday.

VerticalScope Stock Performance

Shares of TSE FORA opened at C$8.44 on Thursday. The company has a market cap of C$157.15 million, a P/E ratio of 120.57 and a beta of -0.02. The firm’s fifty day moving average is C$8.28 and its two-hundred day moving average is C$8.69. 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 has a 52-week low of C$4.01 and a 52-week high of C$11.00.

Insider Transactions at VerticalScope

In other VerticalScope news, Director Rob Laidlaw sold 50,000 shares of the company’s stock in a transaction on Thursday, August 22nd. The shares were sold at an average price of C$9.00, for a total value of C$450,000.00. Also, Senior Officer Christopher Michael Goodridge purchased 5,000 shares of VerticalScope stock in a transaction that occurred on Wednesday, September 11th. The shares were bought at an average price of C$8.54 per share, with a total value of C$42,700.00. Over the last 90 days, insiders have sold 79,900 shares of company stock worth $727,906. 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.