Canaccord Genuity Group Issues Positive Forecast for VerticalScope (TSE:FORA) Stock Price

VerticalScope (TSE:FORA) had its target price lifted by Canaccord Genuity Group from C$14.00 to C$17.00 in a research note issued to investors on Thursday,BayStreet.CA reports. Canaccord Genuity Group’s target price would suggest a potential upside of 101.42% from the stock’s current price.

FORA has been the topic of several other research reports. CIBC lifted their target price on VerticalScope from C$9.00 to C$10.00 in a research note on Thursday. National Bankshares boosted their target price on shares of VerticalScope from C$11.50 to C$13.00 in a report on Thursday. Raymond James upped their target price on shares of VerticalScope from C$11.50 to C$13.00 in a research report on Wednesday. TD Securities lifted their price target on shares of VerticalScope from C$16.00 to C$17.00 and gave the company a “buy” rating in a report on Thursday. Finally, Royal Bank of Canada boosted their price target on shares of VerticalScope from C$15.00 to C$16.00 in a research note on Thursday.

VerticalScope Price Performance

TSE:FORA opened at C$8.44 on Thursday. The business’s 50-day simple moving average is C$8.28 and its two-hundred day simple moving average is C$8.67. VerticalScope has a 52 week low of C$4.01 and a 52 week high of C$11.00. The stock has a market cap of C$157.15 million, a PE ratio of 120.57 and a beta of -0.02. The company has a quick ratio of 0.79, a current ratio of 1.80 and a debt-to-equity ratio of 63.66.

Insider Buying and Selling

In related news, Senior Officer Christopher Michael Goodridge acquired 5,000 shares of VerticalScope stock in a transaction on Wednesday, September 11th. The shares were bought at an average cost of C$8.54 per share, with a total value of C$42,700.00. Also, Director Rob Laidlaw sold 29,500 shares of the firm’s stock in a transaction that occurred on Monday, September 23rd. The shares were sold at an average price of C$9.30, for a total value of C$274,350.00. Over the last 90 days, insiders have 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.