Raymond James Forecasts Strong Price Appreciation for VerticalScope (TSE:FORA) Stock

VerticalScope (TSE:FORA) had its price objective hoisted by stock analysts at Raymond James from C$13.00 to C$14.50 in a research note issued on Friday,BayStreet.CA reports. The brokerage presently has an “outperform” rating on the stock. Raymond James’ price target would suggest a potential upside of 46.17% from the stock’s previous close.

A number of other equities analysts also recently issued reports on FORA. National Bankshares upped their price target on VerticalScope from C$11.50 to C$13.00 in a report on Thursday, November 14th. Royal Bank of Canada upped their price target on VerticalScope from C$16.00 to C$17.00 in a research note on Thursday, January 30th. CIBC upped their price target on VerticalScope from C$10.00 to C$17.00 in a research note on Monday, February 10th. Cormark increased their price objective on VerticalScope from C$14.00 to C$19.00 in a research report on Friday. Finally, Canaccord Genuity Group increased their price objective on VerticalScope from C$14.00 to C$17.00 in a research report on Thursday, November 14th.

VerticalScope Stock Performance

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

Insider Activity at VerticalScope

In related news, Senior Officer Brandon Seibel sold 12,500 shares of the 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 8,500 shares of the stock in a transaction on Thursday, January 23rd. The shares were sold at an average price of C$12.62, for a total value of C$107,270.00. Insiders have sold a total of 25,550 shares of company stock valued at $295,321 over the last quarter. Insiders own 37.10% of the company’s stock.

About VerticalScope

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.