Royal Bank of Canada Issues Positive Forecast for VerticalScope (TSE:FORA) Stock Price

VerticalScope (TSE:FORA) had its price objective lifted by Royal Bank of Canada from C$15.00 to C$16.00 in a research report sent to investors on Thursday,BayStreet.CA reports.

A number of other equities analysts have also recently issued reports on the company. TD Securities increased their target price on VerticalScope from C$16.00 to C$17.00 and gave the stock a “buy” rating in a report on Thursday. Raymond James raised their target price on shares of VerticalScope from C$11.50 to C$13.00 in a research note on Wednesday, November 13th. Finally, CIBC downgraded shares of VerticalScope from an “outperform” rating to a “neutral” rating and decreased their price objective for the company from C$12.00 to C$9.00 in a research report on Tuesday, October 15th.

VerticalScope Price Performance

Shares of FORA stock opened at C$8.44 on Thursday. The firm’s 50 day moving average is C$8.28 and its 200-day moving average is C$8.69. The firm has a market capitalization of C$157.15 million, a price-to-earnings ratio of 120.57 and a beta of -0.02. VerticalScope has a 1 year low of C$4.01 and a 1 year high of C$11.00. The company has a current ratio of 1.80, a quick ratio of 0.79 and a debt-to-equity ratio of 63.66.

Insider Activity

In related news, Director Rob Laidlaw sold 50,000 shares of the company’s stock in a transaction dated Thursday, August 22nd. The shares were sold at an average price of C$9.00, for a total transaction of C$450,000.00. 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 cost of C$8.54 per share, for a total transaction of C$42,700.00. Over the last 90 days, insiders sold 79,900 shares of company stock valued at $727,906. 37.10% of the stock is owned by company insiders.

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.