Brokerages Set VerticalScope Holdings Inc. (TSE:FORA) Target Price at C$10.45

VerticalScope Holdings Inc. (TSE:FORA) has received an average rating of “Hold” from the seven ratings firms that are covering the firm, Marketbeat Ratings reports. Four investment analysts have rated the stock with a hold recommendation and three have issued a buy recommendation on the company. The average 12 month price target among analysts that have updated their coverage on the stock in the last year is C$10.45.

A number of research firms have recently commented on FORA. National Bankshares dropped their price objective on shares of VerticalScope from C$9.00 to C$8.00 and set a “sector perform” rating for the company in a research note on Thursday, May 22nd. Cormark increased their target price on shares of VerticalScope from C$14.00 to C$19.00 in a research report on Friday, March 14th. Raymond James Financial dropped their target price on shares of VerticalScope from C$14.50 to C$9.00 in a research report on Wednesday, April 9th. Canaccord Genuity Group dropped their target price on shares of VerticalScope from C$10.00 to C$6.00 and set a “speculative buy” rating for the company in a research report on Thursday, May 22nd. Finally, Beacon Securities dropped their target price on shares of VerticalScope from C$19.50 to C$12.00 and set a “buy” rating for the company in a research report on Wednesday, April 9th.

Insider Activity

In other news, Senior Officer Christopher Michael Goodridge acquired 25,000 shares of VerticalScope stock in a transaction that occurred on Thursday, June 5th. The shares were purchased at an average cost of C$4.00 per share, for a total transaction of C$100,000.00. Also, Director Rob Laidlaw acquired 61,225 shares of VerticalScope stock in a transaction that occurred on Friday, April 11th. The shares were purchased at an average price of C$4.90 per share, for a total transaction of C$300,002.50. In the last three months, insiders acquired 87,000 shares of company stock worth $403,871. 37.10% of the stock is currently owned by insiders.

VerticalScope Price Performance

TSE:FORA opened at C$3.95 on Wednesday. The firm has a market cap of C$62.23 million, a price-to-earnings ratio of 22.24 and a beta of -0.02. The company has a current ratio of 1.65, a quick ratio of 0.79 and a debt-to-equity ratio of 55.19. The company’s 50-day moving average is C$4.42 and its two-hundred day moving average is C$8.55. VerticalScope has a 12-month low of C$3.85 and a 12-month high of C$14.75.

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.