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

VerticalScope (TSE:FORA) had its price target raised by National Bankshares from C$13.00 to C$15.00 in a report published on Friday morning,BayStreet.CA reports. National Bankshares currently has an outperform rating on the stock.

Several other research firms have also recently issued reports on FORA. CIBC increased their price objective on shares of VerticalScope from C$10.00 to C$17.00 in a report on Monday, February 10th. Royal Bank of Canada increased their price target on VerticalScope from C$16.00 to C$17.00 in a research note on Thursday, January 30th. TD Securities boosted 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. Cormark raised their target price on VerticalScope from C$14.00 to C$19.00 in a research note on Friday. Finally, Raymond James lifted their target price on VerticalScope from C$13.00 to C$14.50 and gave the stock an “outperform” rating in a report on Friday.

VerticalScope Stock Performance

FORA stock opened at C$9.92 on Friday. The company has a 50-day simple moving average of C$12.00 and a 200 day simple moving average of C$10.03. The company has a market capitalization of C$156.29 million, a P/E ratio of 55.85 and a beta of -0.02. The company has a quick ratio of 0.79, a current ratio of 1.65 and a debt-to-equity ratio of 55.19. VerticalScope has a fifty-two week low of C$6.80 and a fifty-two week high of C$14.75.

Insider Buying and Selling

In other VerticalScope news, Senior Officer Brandon Seibel sold 12,500 shares of the business’s stock in a transaction on Monday, January 20th. The shares were sold at an average price of C$11.00, for a total transaction of C$137,500.00. Also, Director Rob Laidlaw sold 3,300 shares of the stock in a transaction on Wednesday, January 8th. The shares were sold at an average price of C$10.76, for a total value of C$35,501.40. Insiders have sold 25,550 shares of company stock worth $295,321 in the last three months. 37.10% of the stock is currently owned by insiders.

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.