Analysts Set VerticalScope Holdings Inc. (TSE:FORA) PT at C$12.10

Shares of VerticalScope Holdings Inc. (TSE:FORA) have been assigned a consensus rating of “Moderate Buy” from the six brokerages that are presently covering the stock, Marketbeat Ratings reports. Two analysts have rated the stock with a hold recommendation and four have issued a buy recommendation on the company. The average 1-year target price among analysts that have updated their coverage on the stock in the last year is C$12.10.

Several research analysts have issued reports on the stock. Raymond James lowered their price target on shares of VerticalScope from C$14.50 to C$9.00 in a report on Wednesday, April 9th. CIBC lowered shares of VerticalScope from an “outperform” rating to a “neutral” rating and lowered their price target for the stock from C$17.00 to C$6.00 in a report on Thursday, April 10th. National Bankshares raised their price target on shares of VerticalScope from C$13.00 to C$15.00 and gave the stock an “outperform” rating in a report on Friday, March 14th. Cormark raised their price target on shares of VerticalScope from C$14.00 to C$19.00 in a report on Friday, March 14th. Finally, Canaccord Genuity Group lowered their price target on shares of VerticalScope from C$17.00 to C$10.00 in a report on Wednesday, April 9th.

VerticalScope Price Performance

Shares of FORA opened at C$4.61 on Tuesday. The business has a 50-day moving average of C$8.13 and a 200-day moving average of C$9.58. The company has a debt-to-equity ratio of 55.19, a current ratio of 1.65 and a quick ratio of 0.79. The company has a market capitalization of C$72.63 million, a price-to-earnings ratio of 25.95 and a beta of -0.02. VerticalScope has a 1 year low of C$4.50 and a 1 year high of C$14.75.

Insider Activity

In other VerticalScope news, Director Rob Laidlaw purchased 61,225 shares of the firm’s stock in a transaction on Friday, April 11th. The stock was acquired at an average price of C$4.90 per share, for a total transaction of C$300,002.50. Insiders purchased 62,000 shares of company stock worth $303,871 in the last quarter. 37.10% of the stock is owned by corporate insiders.

About VerticalScope

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.