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

VerticalScope (TSE:FORA) had its price objective increased by CIBC from C$9.00 to C$10.00 in a research note released on Thursday morning,BayStreet.CA reports.

A number of other brokerages have also recently issued reports on FORA. Raymond James raised their target price on shares of VerticalScope from C$11.50 to C$13.00 in a report on Wednesday, November 13th. TD Securities upped their price objective on VerticalScope from C$16.00 to C$17.00 and gave the stock a “buy” rating in a research note on Thursday. National Bankshares boosted their price target on shares of VerticalScope from C$11.50 to C$13.00 in a report on Thursday. Finally, Royal Bank of Canada lifted their price objective on shares of VerticalScope from C$15.00 to C$16.00 in a research report on Thursday.

VerticalScope Stock Down 6.2 %

Shares of VerticalScope stock opened at C$8.44 on Thursday. The company has a quick ratio of 0.79, a current ratio of 1.80 and a debt-to-equity ratio of 63.66. The business has a 50-day moving average price of C$8.28 and a 200 day moving average price of C$8.69. VerticalScope has a fifty-two week low of C$4.01 and a fifty-two week high of C$11.00. The firm has a market cap of C$157.15 million, a P/E ratio of 120.57 and a beta of -0.02.

Insider Activity at VerticalScope

In related news, Director Rob Laidlaw acquired 10,000 shares of the business’s stock in a transaction on Monday, October 21st. The shares were purchased at an average price of C$7.73 per share, for a total transaction of C$77,258.00. Also, Senior Officer Christopher Michael Goodridge bought 5,000 shares of the firm’s stock in a transaction on Wednesday, September 11th. The stock was purchased at an average price of C$8.54 per share, with a total value of C$42,700.00. Insiders have sold 79,900 shares of company stock worth $727,906 over the last quarter. 37.10% of the stock is currently owned by company insiders.

VerticalScope Company Profile

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.