Royal Bank of Canada Boosts VerticalScope (TSE:FORA) Price Target to C$16.00

VerticalScope (TSE:FORA) had its price target hoisted by Royal Bank of Canada from C$15.00 to C$16.00 in a report released on Thursday,BayStreet.CA reports.

Other equities analysts have also recently issued research reports about the stock. Raymond James boosted their price target on shares of VerticalScope from C$11.50 to C$13.00 in a research note on Wednesday. CIBC lowered VerticalScope from an “outperform” rating to a “neutral” rating and dropped their price target for the stock from C$12.00 to C$9.00 in a research note on Tuesday, October 15th. Finally, 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 research report on Thursday.

VerticalScope Price Performance

Shares of TSE:FORA opened at C$8.44 on Thursday. The company has a current ratio of 1.80, a quick ratio of 0.79 and a debt-to-equity ratio of 63.66. VerticalScope has a 12 month low of C$4.01 and a 12 month high of C$11.00. The stock has a market cap of C$157.15 million, a P/E ratio of 120.57 and a beta of -0.02. The company has a 50 day moving average of C$8.28 and a 200 day moving average of C$8.68.

Insider Activity at VerticalScope

In other VerticalScope news, Director Rob Laidlaw sold 50,000 shares of the company’s stock in a transaction that occurred on Thursday, August 22nd. The shares were 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 the business’s 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. Insiders have sold 79,900 shares of company stock valued at $727,906 over the last ninety days. 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.