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

VerticalScope (TSE:FORA) had its price objective hoisted by equities researchers at National Bankshares from C$11.50 to C$13.00 in a report issued on Thursday,BayStreet.CA reports. National Bankshares’ target price would indicate a potential upside of 54.03% from the stock’s current price.

FORA has been the topic of a number of other reports. Royal Bank of Canada raised their price objective on shares of VerticalScope from C$15.00 to C$16.00 in a report on Thursday. Raymond James boosted their price target on VerticalScope from C$11.50 to C$13.00 in a report on Wednesday. CIBC downgraded VerticalScope from an “outperform” rating to a “neutral” rating and decreased their price objective for the stock from C$12.00 to C$9.00 in a report on Tuesday, October 15th. Finally, TD Securities boosted their target price on VerticalScope from C$16.00 to C$17.00 and gave the company a “buy” rating in a research note on Thursday.

VerticalScope Price Performance

TSE FORA opened at C$8.44 on Thursday. 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. The business has a 50 day simple moving average of C$8.28 and a 200 day simple moving average of C$8.67. The stock has a market cap of C$157.15 million, a price-to-earnings ratio of 120.57 and a beta of -0.02.

Insider Activity at VerticalScope

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