VerticalScope (TSE:FORA) Given New C$17.00 Price Target at TD Securities

VerticalScope (TSE:FORA) had its price objective upped by TD Securities from C$16.00 to C$17.00 in a report released on Thursday,BayStreet.CA reports. The firm currently has a buy rating on the stock.

A number of other analysts also recently issued reports on FORA. Raymond James lifted their price objective on shares of VerticalScope from C$11.50 to C$13.00 in a report on Wednesday, November 13th. CIBC lowered VerticalScope from an “outperform” rating to a “neutral” rating and lowered their price target for the company from C$12.00 to C$9.00 in a research report on Tuesday, October 15th.

VerticalScope Stock Down 6.2 %

VerticalScope stock opened at C$8.44 on Thursday. VerticalScope has a 1-year low of C$4.01 and a 1-year high of C$11.00. The firm has a 50 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. 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.

Insider Buying and Selling at VerticalScope

In related news, Director Rob Laidlaw sold 50,000 shares of the stock in a transaction dated Thursday, August 22nd. The stock was sold at an average price of C$9.00, for a total transaction of C$450,000.00. Also, Senior Officer Christopher Michael Goodridge purchased 5,000 shares of VerticalScope stock in a transaction on Wednesday, September 11th. The stock was bought at an average price of C$8.54 per share, for a total transaction of C$42,700.00. Over the last ninety days, insiders sold 79,900 shares of company stock valued at $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.