VerticalScope (TSE:FORA) Given New C$10.00 Price Target at CIBC

VerticalScope (TSE:FORA) had its price target upped by CIBC from C$9.00 to C$10.00 in a research note published on Thursday morning,BayStreet.CA reports.

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

VerticalScope Trading Down 4.9 %

FORA stock traded down C$0.44 during midday trading on Thursday, hitting C$8.56. The stock had a trading volume of 137,053 shares, compared to its average volume of 23,707. 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 business has a fifty day moving average price of C$8.27 and a two-hundred day moving average price of C$8.67. VerticalScope has a 1-year low of C$4.01 and a 1-year high of C$11.00. The firm has a market cap of C$159.39 million, a P/E ratio of 128.57 and a beta of -0.02.

Insider Buying and Selling at VerticalScope

In other VerticalScope news, Senior Officer Christopher Michael Goodridge bought 5,000 shares of the firm’s stock in a transaction dated Wednesday, September 11th. The stock was bought at an average cost of C$8.54 per share, with a total value of C$42,700.00. Also, Director Rob Laidlaw sold 29,500 shares of the firm’s stock in a transaction dated Monday, September 23rd. The shares were sold at an average price of C$9.30, for a total transaction of C$274,350.00. Over the last quarter, insiders sold 79,900 shares of company stock valued at $727,906. Company insiders own 37.10% of the company’s stock.

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.