VerticalScope (TSE:FORA) Price Target Raised to C$15.00 at National Bankshares

VerticalScope (TSE:FORA) had its price objective hoisted by equities research analysts at National Bankshares from C$13.00 to C$15.00 in a report released on Friday,BayStreet.CA reports. The brokerage currently has an “outperform” rating on the stock. National Bankshares’ target price indicates a potential upside of 51.21% from the stock’s previous close.

Several other equities analysts have also recently weighed in on FORA. Canaccord Genuity Group raised their price objective on VerticalScope from C$14.00 to C$17.00 in a report on Thursday, November 14th. CIBC raised their price objective on VerticalScope from C$10.00 to C$17.00 in a report on Monday, February 10th. Eight Capital raised their price objective on VerticalScope from C$15.00 to C$18.00 in a report on Monday, December 2nd. Raymond James lifted their price target on VerticalScope from C$13.00 to C$14.50 and gave the stock an “outperform” rating in a report on Friday. Finally, TD Securities lifted their price target on VerticalScope from C$17.00 to C$18.00 and gave the stock a “buy” rating in a report on Friday.

VerticalScope Price Performance

Shares of TSE FORA opened at C$9.92 on Friday. The stock has a market capitalization of C$156.29 million, a price-to-earnings ratio of 55.85 and a beta of -0.02. The business has a 50-day moving average of C$12.00 and a 200-day moving average of C$10.03. The company has a debt-to-equity ratio of 55.19, a current ratio of 1.65 and a quick ratio of 0.79. VerticalScope has a fifty-two week low of C$6.80 and a fifty-two week high of C$14.75.

Insiders Place Their Bets

In other VerticalScope news, Senior Officer Brandon Seibel sold 12,500 shares of the firm’s stock in a transaction that occurred on Monday, January 20th. The shares were sold at an average price of C$11.00, for a total transaction of C$137,500.00. Also, Director Rob Laidlaw sold 3,300 shares of the firm’s stock in a transaction that occurred on Wednesday, January 8th. The stock was sold at an average price of C$10.76, for a total transaction of C$35,501.40. Insiders sold 25,550 shares of company stock worth $295,321 over the last three months. 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.