VerticalScope (TSE:FORA) Given New C$19.00 Price Target at Cormark

VerticalScope (TSE:FORA) had its target price hoisted by Cormark from C$14.00 to C$19.00 in a research report released on Friday,BayStreet.CA reports.

FORA has been the topic of several other reports. CIBC lifted their price objective on shares of VerticalScope from C$10.00 to C$17.00 in a report on Monday, February 10th. Canaccord Genuity Group lifted their price target on VerticalScope from C$14.00 to C$17.00 in a report on Thursday, November 14th. Royal Bank of Canada upped their price objective on VerticalScope from C$16.00 to C$17.00 in a research note on Thursday, January 30th. National Bankshares lifted their target price on VerticalScope from C$11.50 to C$13.00 in a research note on Thursday, November 14th. Finally, TD Securities boosted their target price on shares of VerticalScope from C$17.00 to C$18.00 and gave the stock a “buy” rating in a report on Friday.

VerticalScope Stock Down 1.8 %

Shares of VerticalScope stock opened at C$9.92 on Friday. VerticalScope has a 1 year low of C$6.80 and a 1 year high of C$14.75. The company has a debt-to-equity ratio of 55.19, a current ratio of 1.65 and a quick ratio of 0.79. The stock has a market cap of C$156.29 million, a price-to-earnings ratio of 55.85 and a beta of -0.02. The firm’s 50-day moving average is C$12.00 and its two-hundred day moving average is C$10.03.

Insider Buying and Selling at VerticalScope

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

About VerticalScope

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.