Canaccord Genuity Group Forecasts Strong Price Appreciation for VerticalScope (TSE:FORA) Stock

VerticalScope (TSE:FORA) had its target price raised by Canaccord Genuity Group from C$14.00 to C$17.00 in a research note issued to investors on Thursday morning,BayStreet.CA reports.

Other equities analysts have also issued reports about the stock. TD Securities lifted their target price on shares of VerticalScope from C$16.00 to C$17.00 and gave the company a “buy” rating in a report on Thursday. Royal Bank of Canada boosted their target price on VerticalScope from C$15.00 to C$16.00 in a report on Thursday. CIBC increased their target price on VerticalScope from C$9.00 to C$10.00 in a research note on Thursday. Raymond James upped their price target on shares of VerticalScope from C$11.50 to C$13.00 in a research note on Wednesday. Finally, National Bankshares increased their price objective on shares of VerticalScope from C$11.50 to C$13.00 in a research report on Thursday.

VerticalScope Stock Down 4.9 %

Shares of VerticalScope stock traded down C$0.44 during trading on Thursday, hitting C$8.56. The company’s stock had a trading volume of 137,053 shares, compared to its average volume of 23,707. VerticalScope has a 52 week low of C$4.01 and a 52 week high of C$11.00. The company has a debt-to-equity ratio of 63.66, a quick ratio of 0.79 and a current ratio of 1.80. The company has a fifty day simple moving average of C$8.27 and a two-hundred day simple moving average of C$8.67. The company has a market capitalization of C$159.39 million, a PE ratio of 128.57 and a beta of -0.02.

Insider Activity at VerticalScope

In other VerticalScope news, Director Rob Laidlaw sold 50,000 shares of the company’s stock in a transaction dated Thursday, August 22nd. The shares were sold at an average price of C$9.00, for a total transaction of C$450,000.00. Also, Senior Officer Christopher Michael Goodridge purchased 5,000 shares of VerticalScope stock in a transaction dated Wednesday, September 11th. The stock was bought at an average price of C$8.54 per share, with a total value of C$42,700.00. Insiders have sold 79,900 shares of company stock valued at $727,906 over the last ninety days. Insiders own 37.10% of the company’s stock.

About VerticalScope

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.