VerticalScope (TSE:FORA) Price Target Raised to C$13.00 at Raymond James

VerticalScope (TSE:FORA) had its price objective upped by Raymond James from C$11.50 to C$13.00 in a report published on Wednesday morning,BayStreet.CA reports.

Several other research analysts also recently weighed in on the company. CIBC downgraded VerticalScope from an “outperform” rating to a “neutral” rating and cut their price target for the company from C$12.00 to C$9.00 in a report on Tuesday, October 15th. TD Securities increased their price target on VerticalScope from C$15.00 to C$16.00 in a report on Friday, August 9th.

VerticalScope Trading Down 6.2 %

TSE:FORA opened at C$8.44 on Wednesday. VerticalScope has a 52-week low of C$4.01 and a 52-week high of C$11.00. 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 stock has a fifty day simple moving average of C$8.28 and a 200-day simple moving average of C$8.68. The company has a market capitalization of C$157.15 million, a PE ratio of 120.57 and a beta of -0.02.

Insider Buying and Selling

In related news, Senior Officer Christopher Michael Goodridge purchased 5,000 shares of the business’s stock in a transaction that occurred on Wednesday, September 11th. The shares were acquired at an average price of C$8.54 per share, with a total value of C$42,700.00. Also, Director Rob Laidlaw sold 29,500 shares of VerticalScope stock in a transaction dated Monday, September 23rd. The shares were sold at an average price of C$9.30, for a total transaction of C$274,350.00. Over the last quarter, insiders sold 79,900 shares of company stock worth $727,906. Insiders own 37.10% of the company’s stock.

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.