VerticalScope (TSE:FORA) Price Target Raised to C$17.00 at TD Securities

VerticalScope (TSE:FORA) had its price objective increased by TD Securities from C$16.00 to C$17.00 in a research note published on Thursday morning,BayStreet.CA reports. TD Securities currently has a buy rating on the stock.

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

VerticalScope Stock Performance

Shares of TSE FORA traded down C$0.44 during midday trading on Thursday, reaching C$8.56. 137,053 shares of the stock were exchanged, compared to its average volume of 23,707. The firm has a market cap of C$159.39 million, a price-to-earnings ratio of 128.57 and a beta of -0.02. VerticalScope has a twelve month low of C$4.01 and a twelve month high of C$11.00. The firm has a 50-day simple moving average of C$8.27 and a two-hundred day simple moving average of C$8.67. The company has a quick ratio of 0.79, a current ratio of 1.80 and a debt-to-equity ratio of 63.66.

Insiders Place Their Bets

In other VerticalScope news, Senior Officer Christopher Michael Goodridge acquired 5,000 shares of the business’s 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. Also, Director Rob Laidlaw sold 50,000 shares of the firm’s stock in a transaction dated Thursday, August 22nd. The stock was sold at an average price of C$9.00, for a total value of C$450,000.00. Insiders sold 79,900 shares of company stock valued at $727,906 in the last three months. 37.10% of the stock is currently owned by insiders.

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.