VerticalScope (TSE:FORA) Stock Price Expected to Rise, National Bankshares Analyst Says

VerticalScope (TSE:FORA) had its price target lifted by National Bankshares from C$11.50 to C$13.00 in a research report report published on Thursday,BayStreet.CA reports.

Several other brokerages have also issued reports on FORA. Royal Bank of Canada upped their price target on VerticalScope from C$15.00 to C$16.00 in a research note on Thursday. TD Securities upped their target price 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. CIBC cut shares of VerticalScope from an “outperform” rating to a “neutral” rating and lowered their price target for the stock from C$12.00 to C$9.00 in a research report on Tuesday, October 15th. Finally, Raymond James boosted their price target on shares of VerticalScope from C$11.50 to C$13.00 in a research note on Wednesday.

VerticalScope Trading Down 4.9 %

FORA stock traded down C$0.44 during trading on Thursday, hitting C$8.56. The company had a trading volume of 137,053 shares, compared to its average volume of 23,707. The firm has a 50-day moving average price of C$8.27 and a 200-day moving average price of C$8.67. VerticalScope has a 12 month low of C$4.01 and a 12 month high of C$11.00. The company has a quick ratio of 0.79, a current ratio of 1.80 and a debt-to-equity ratio of 63.66. The stock has a market cap of C$159.39 million, a price-to-earnings ratio of 128.57 and a beta of -0.02.

Insider Activity at VerticalScope

In other VerticalScope news, Senior Officer Christopher Michael Goodridge purchased 5,000 shares of the stock in a transaction on Wednesday, September 11th. The stock was bought at an average cost of C$8.54 per share, for a total transaction of C$42,700.00. Also, Director Rob Laidlaw sold 50,000 shares of the firm’s stock in a transaction dated Thursday, August 22nd. The stock was sold at an average price of C$9.00, for a total value of C$450,000.00. Insiders have sold 79,900 shares of company stock worth $727,906 in the last ninety days. 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.