VerticalScope (TSE:FORA) Price Target Raised to C$19.00 at Cormark

VerticalScope (TSE:FORA) had its price objective raised by Cormark from C$14.00 to C$19.00 in a research note published on Friday morning,BayStreet.CA reports.

Several other research analysts have also commented on FORA. National Bankshares upped their price objective on shares of VerticalScope from C$11.50 to C$13.00 in a report on Thursday, November 14th. Eight Capital upped their target price on shares of VerticalScope from C$15.00 to C$18.00 in a research report on Monday, December 2nd. Royal Bank of Canada upped their target price on shares of VerticalScope from C$16.00 to C$17.00 in a research report on Thursday, January 30th. CIBC upped their target price on shares of VerticalScope from C$10.00 to C$17.00 in a research report on Monday, February 10th. Finally, TD Securities upped their target price on shares of VerticalScope from C$17.00 to C$18.00 and gave the stock a “buy” rating in a research report on Friday. One equities research analyst has rated the stock with a hold rating and four have issued a buy rating to the stock. According to MarketBeat, VerticalScope presently has a consensus rating of “Moderate Buy” and an average price target of C$16.94.

VerticalScope Stock Down 1.8 %

Shares of TSE FORA opened at C$9.92 on Friday. The company has a current ratio of 1.65, a quick ratio of 0.79 and a debt-to-equity ratio of 55.19. VerticalScope has a 12 month low of C$6.80 and a 12 month high of C$14.75. The firm has a market capitalization of C$156.29 million, a PE ratio of 55.85 and a beta of -0.02. The firm has a fifty day simple moving average of C$12.02 and a two-hundred day simple moving average of C$10.01.

Insider Activity at VerticalScope

In other news, Senior Officer Brandon Seibel sold 12,500 shares of the firm’s stock in a transaction dated 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 firm’s stock in a transaction dated Wednesday, January 8th. The shares were sold at an average price of C$10.76, for a total transaction of C$35,501.40. In the last ninety days, insiders have sold 25,550 shares of company stock valued at $295,321. 37.10% of the stock is 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.