VerticalScope (TSE:FORA) Price Target Raised to C$14.50

VerticalScope (TSE:FORA) had its price target upped by Raymond James from C$13.00 to C$14.50 in a research note issued to investors on Friday,BayStreet.CA reports. Raymond James currently has an outperform rating on the stock.

FORA has been the subject of a number of other reports. TD Securities lifted their price target on shares of VerticalScope from C$17.00 to C$18.00 and gave the company a “buy” rating in a research report on Friday. National Bankshares lifted their price objective on VerticalScope from C$11.50 to C$13.00 in a research note on Thursday, November 14th. CIBC increased their target price on VerticalScope from C$10.00 to C$17.00 in a research note on Monday, February 10th. Royal Bank of Canada boosted their price target on shares of VerticalScope from C$16.00 to C$17.00 in a research note on Thursday, January 30th. Finally, Canaccord Genuity Group raised their price objective on shares of VerticalScope from C$14.00 to C$17.00 in a research note on Thursday, November 14th.

VerticalScope Stock Performance

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

Insider Buying and Selling at VerticalScope

In related news, Director Rob Laidlaw sold 3,300 shares of the business’s stock in a transaction on Wednesday, January 8th. The shares were sold at an average price of C$10.76, for a total transaction of C$35,501.40. Also, Senior Officer Brandon Seibel sold 12,500 shares of the firm’s stock in a transaction on Monday, January 20th. The shares were sold at an average price of C$11.00, for a total value of C$137,500.00. Insiders have sold 25,550 shares of company stock valued at $295,321 in the last quarter. Corporate 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.