Canaccord Genuity Group Forecasts Strong Price Appreciation for VerticalScope (TSE:FORA) Stock

VerticalScope (TSE:FORA) had its target price boosted by Canaccord Genuity Group from C$14.00 to C$17.00 in a report published on Thursday morning,BayStreet.CA reports.

FORA has been the topic of a number of other reports. Royal Bank of Canada upped their target price on shares of VerticalScope from C$15.00 to C$16.00 in a report on Thursday. Raymond James upped their price objective on VerticalScope from C$11.50 to C$13.00 in a research note on Wednesday, November 13th. TD Securities lifted their target price on VerticalScope from C$16.00 to C$17.00 and gave the stock a “buy” rating in a research note on Thursday. CIBC increased their price target on VerticalScope from C$9.00 to C$10.00 in a research note on Thursday. Finally, National Bankshares lifted their price objective on shares of VerticalScope from C$11.50 to C$13.00 in a research report on Thursday.

VerticalScope Price Performance

TSE:FORA opened at C$8.44 on Thursday. The stock has a market capitalization of C$157.15 million, a PE 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 firm has a fifty day simple moving average of C$8.28 and a 200 day simple moving average of C$8.69. 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 Transactions at VerticalScope

In other news, Senior Officer Christopher Michael Goodridge bought 5,000 shares of the company’s stock in a transaction dated Wednesday, September 11th. The stock was bought at an average cost of C$8.54 per share, for a total transaction of C$42,700.00. Also, Director Rob Laidlaw purchased 10,000 shares of the business’s stock in a transaction dated Monday, October 21st. The shares were purchased at an average cost of C$7.73 per share, with a total value of C$77,258.00. Over the last 90 days, insiders sold 79,900 shares of company stock valued at $727,906. 37.10% of the stock is currently owned by corporate 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.