VerticalScope (TSE:FORA) Price Target Raised to C$10.00

VerticalScope (TSE:FORA) had its target price boosted by CIBC from C$9.00 to C$10.00 in a research report sent to investors on Thursday morning,BayStreet.CA reports.

A number of other research firms have also commented on FORA. Royal Bank of Canada lifted their price target on shares of VerticalScope from C$15.00 to C$16.00 in a research report on Thursday. TD Securities boosted their target price on shares of VerticalScope from C$16.00 to C$17.00 and gave the stock a “buy” rating in a research report on Thursday. National Bankshares raised their price target on VerticalScope from C$11.50 to C$13.00 in a research report on Thursday. Finally, Raymond James boosted their price objective on VerticalScope from C$11.50 to C$13.00 in a research report on Wednesday, November 13th.

VerticalScope Stock Performance

Shares of TSE FORA opened at C$8.44 on Thursday. The business’s 50-day simple moving average is C$8.28 and its 200-day simple moving average is C$8.69. The company has a debt-to-equity ratio of 63.66, a quick ratio of 0.79 and a current ratio of 1.80. VerticalScope has a 52 week low of C$4.01 and a 52 week high of C$11.00. The firm has a market cap of C$157.15 million, a price-to-earnings ratio of 120.57 and a beta of -0.02.

Insider Activity at VerticalScope

In related news, Senior Officer Christopher Michael Goodridge acquired 5,000 shares of the stock in a transaction dated Wednesday, September 11th. The shares were bought at an average cost of C$8.54 per share, for a total transaction of C$42,700.00. Also, Director Rob Laidlaw purchased 10,000 shares of the firm’s stock in a transaction that occurred on Monday, October 21st. The stock was bought at an average cost of C$7.73 per share, for a total transaction of C$77,258.00. Over the last 90 days, insiders sold 79,900 shares of company stock worth $727,906. Company 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.