VerticalScope (TSE:FORA) Price Target Raised to C$19.00

VerticalScope (TSE:FORA) had its price target lifted by Cormark from C$14.00 to C$19.00 in a research report released on Friday,BayStreet.CA reports.

A number of other equities research analysts also recently issued reports on the company. Canaccord Genuity Group boosted their price target on VerticalScope from C$14.00 to C$17.00 in a research note on Thursday, November 14th. Eight Capital upped their target price on shares of VerticalScope from C$15.00 to C$18.00 in a report on Monday, December 2nd. CIBC lifted their price target on shares of VerticalScope from C$10.00 to C$17.00 in a research note on Monday, February 10th. TD Securities upped their price objective on VerticalScope from C$17.00 to C$18.00 and gave the stock a “buy” rating in a research note on Friday. Finally, National Bankshares raised their price target on VerticalScope from C$11.50 to C$13.00 in a report on Thursday, November 14th.

VerticalScope Price Performance

Shares of FORA opened at C$9.92 on Friday. The firm has a fifty day simple moving average of C$12.00 and a two-hundred day simple moving average of C$10.03. The firm has a market cap of C$156.29 million, a PE ratio of 55.85 and a beta of -0.02. The company has a current ratio of 1.65, a quick ratio of 0.79 and a debt-to-equity ratio of 55.19. VerticalScope has a 1-year low of C$6.80 and a 1-year high of C$14.75.

Insider Buying and Selling

In other news, Senior Officer Brandon Seibel sold 12,500 shares of the company’s stock in a transaction dated Monday, January 20th. The shares were sold at an average price of C$11.00, for a total value of C$137,500.00. Also, Director Rob Laidlaw sold 8,500 shares of the firm’s stock in a transaction dated Thursday, January 23rd. The stock was sold at an average price of C$12.62, for a total transaction of C$107,270.00. In the last ninety days, insiders sold 25,550 shares of company stock valued at $295,321. Company insiders own 37.10% of the company’s stock.

VerticalScope Company Profile

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.