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

VerticalScope (TSE:FORA) had its price objective boosted by Eight Capital from C$15.00 to C$18.00 in a research note published on Monday morning,BayStreet.CA reports.

Other analysts have also issued reports about the company. CIBC boosted their price objective on VerticalScope from C$9.00 to C$10.00 in a research note on Thursday, November 14th. Canaccord Genuity Group boosted their price objective on VerticalScope from C$14.00 to C$17.00 in a research note on Thursday, November 14th. TD Securities boosted their price objective on VerticalScope from C$16.00 to C$17.00 and gave the company a “buy” rating in a research note on Thursday, November 14th. National Bankshares boosted their price objective on VerticalScope from C$11.50 to C$13.00 in a research note on Thursday, November 14th. Finally, Raymond James boosted their price objective on VerticalScope from C$11.50 to C$13.00 in a research note on Wednesday, November 13th.

VerticalScope Stock Up 2.7 %

FORA stock opened at C$10.42 on Monday. The stock’s fifty day simple moving average is C$8.35 and its two-hundred day simple moving average is C$8.72. The company has a current ratio of 1.80, a quick ratio of 0.79 and a debt-to-equity ratio of 63.66. VerticalScope has a 1-year low of C$4.01 and a 1-year high of C$11.00. The stock has a market cap of C$194.02 million, a P/E ratio of 148.86 and a beta of -0.02.

Insider Transactions at VerticalScope

In related news, Senior Officer Christopher Michael Goodridge acquired 12,500 shares of the stock in a transaction on Friday, November 15th. The stock was acquired at an average price of C$8.70 per share, for a total transaction of C$108,750.00. Also, Director Rob Laidlaw acquired 10,000 shares of the stock in a transaction on Monday, October 21st. The shares were bought at an average price of C$7.73 per share, with a total value of C$77,258.00. In the last quarter, insiders bought 27,500 shares of company stock valued at $228,708. Corporate 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.