VerticalScope Holdings Inc. (TSE:FORA) Receives C$12.10 Consensus Target Price from Brokerages

VerticalScope Holdings Inc. (TSE:FORA) has been given an average recommendation of “Moderate Buy” by the six research firms that are currently covering the firm, MarketBeat reports. Two investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. The average twelve-month price target among brokers that have issued ratings on the stock in the last year is C$12.10.

Several research firms recently issued reports on FORA. CIBC downgraded VerticalScope from an “outperform” rating to a “neutral” rating and reduced their price target for the company from C$17.00 to C$6.00 in a research note on Thursday, April 10th. TD Securities downgraded VerticalScope from a “buy” rating to a “hold” rating and reduced their price target for the company from C$15.00 to C$6.00 in a research note on Wednesday, April 9th. Royal Bank of Canada reduced their price target on VerticalScope from C$10.00 to C$9.00 and set an “outperform” rating for the company in a research note on Tuesday. Raymond James dropped their price objective on VerticalScope from C$14.50 to C$9.00 in a report on Wednesday, April 9th. Finally, Cormark lifted their price objective on VerticalScope from C$14.00 to C$19.00 in a report on Friday, March 14th.

Insider Transactions at VerticalScope

In other VerticalScope news, Director Rob Laidlaw purchased 61,225 shares of the stock in a transaction dated Friday, April 11th. The stock was bought at an average price of C$4.90 per share, with a total value of C$300,002.50. In the last quarter, insiders acquired 62,000 shares of company stock valued at $303,871. Corporate insiders own 37.10% of the company’s stock.

VerticalScope Stock Performance

FORA opened at C$4.61 on Tuesday. The business has a fifty day simple moving average of C$8.13 and a 200 day simple moving average of C$9.58. The company has a market capitalization of C$72.63 million, a PE 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. The company has a debt-to-equity ratio of 55.19, a current ratio of 1.65 and a quick ratio of 0.79.

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.