VerticalScope (TSE:FORA) Price Target Raised to C$18.00

VerticalScope (TSE:FORA) had its target price raised by TD Securities from C$17.00 to C$18.00 in a research report report published on Friday morning,BayStreet.CA reports. TD Securities currently has a buy rating on the stock.

A number of other equities analysts have also recently issued reports on FORA. National Bankshares upped their price objective on shares of VerticalScope from C$11.50 to C$13.00 in a research report on Thursday, November 14th. Canaccord Genuity Group upped their price target on shares of VerticalScope from C$14.00 to C$17.00 in a report on Thursday, November 14th. Eight Capital increased their price target on VerticalScope from C$15.00 to C$18.00 in a research note on Monday, December 2nd. CIBC boosted their price objective on VerticalScope from C$10.00 to C$17.00 in a research report on Monday, February 10th. Finally, Royal Bank of Canada increased their target price on VerticalScope from C$16.00 to C$17.00 in a research report on Thursday, January 30th.

VerticalScope Price Performance

VerticalScope stock opened at C$9.92 on Friday. The stock has a fifty day moving average of C$12.00 and a 200-day moving average of C$10.03. The stock 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 debt-to-equity ratio of 55.19, a quick ratio of 0.79 and a current ratio of 1.65. VerticalScope has a 52 week low of C$6.80 and a 52 week high of C$14.75.

Insider Transactions at VerticalScope

In other VerticalScope news, Senior Officer Brandon Seibel sold 12,500 shares of the stock in a transaction that occurred on Monday, January 20th. The stock was 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 firm’s stock in a transaction that occurred on Wednesday, January 8th. The stock was sold at an average price of C$10.76, for a total transaction of C$35,501.40. Insiders sold a total of 25,550 shares of company stock worth $295,321 over the last three months. 37.10% of the stock is owned by company 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.