VerticalScope (TSE:FORA) Given New C$17.00 Price Target at TD Securities

VerticalScope (TSE:FORA) had its price objective boosted by TD Securities from C$16.00 to C$17.00 in a report issued on Thursday,BayStreet.CA reports. The brokerage presently has a “buy” rating on the stock. TD Securities’ price target suggests a potential upside of 88.26% from the stock’s current price.

A number of other research analysts have also commented on FORA. CIBC lowered shares of VerticalScope from an “outperform” rating to a “neutral” rating and lowered their price objective for the company from C$12.00 to C$9.00 in a research note on Tuesday, October 15th. Raymond James lifted their price target on VerticalScope from C$11.50 to C$13.00 in a research report on Wednesday.

VerticalScope Price Performance

FORA traded up C$0.14 on Thursday, reaching C$9.03. The company had a trading volume of 152,767 shares, compared to its average volume of 23,131. The company has a market capitalization of C$168.14 million, a P/E ratio of 129.43 and a beta of -0.02. The company has a current ratio of 1.80, a quick ratio of 0.79 and a debt-to-equity ratio of 63.66. The company has a fifty day moving average of C$8.26 and a 200-day moving average of C$8.67. VerticalScope has a one year low of C$4.01 and a one year high of C$11.00.

Insiders Place Their Bets

In related news, Senior Officer Christopher Michael Goodridge acquired 5,000 shares of the stock in a transaction that occurred on Wednesday, September 11th. The shares were purchased at an average cost of C$8.54 per share, with a total value of C$42,700.00. In other news, Director Rob Laidlaw sold 29,500 shares of VerticalScope stock in a transaction dated Monday, September 23rd. The stock was sold at an average price of C$9.30, for a total transaction of C$274,350.00. Also, Senior Officer Christopher Michael Goodridge purchased 5,000 shares of the stock in a transaction that occurred on Wednesday, September 11th. The stock was purchased at an average cost of C$8.54 per share, with a total value of C$42,700.00. In the last ninety days, insiders sold 79,900 shares of company stock worth $727,906. 37.10% of the stock is currently owned by company insiders.

VerticalScope Company Profile

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.