National Bankshares Has Lowered Expectations for VerticalScope (TSE:FORA) Stock Price

VerticalScope (TSE:FORA) had its price target lowered by equities research analysts at National Bankshares from C$9.00 to C$8.00 in a report issued on Thursday,BayStreet.CA reports. The brokerage presently has a “sector perform” rating on the stock. National Bankshares’ target price suggests a potential upside of 100.00% from the stock’s previous close.

Other analysts have also issued reports about the stock. Raymond James lowered their price target on shares of VerticalScope from C$14.50 to C$9.00 in a research report on Wednesday, April 9th. Canaccord Genuity Group reduced their price objective on shares of VerticalScope from C$17.00 to C$10.00 in a research note on Wednesday, April 9th. Cormark upped their price objective on shares of VerticalScope from C$14.00 to C$19.00 in a research note on Friday, March 14th. Beacon Securities reduced their price objective on shares of VerticalScope from C$19.50 to C$12.00 and set a “buy” rating on the stock in a research note on Wednesday, April 9th. Finally, Royal Bank of Canada reduced their price objective on shares of VerticalScope from C$10.00 to C$9.00 and set an “outperform” rating on the stock in a research note on Tuesday, April 29th. Four investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. According to data from MarketBeat, VerticalScope presently has a consensus rating of “Hold” and an average target price of C$10.45.

VerticalScope Stock Down 5.9%

FORA stock opened at C$4.00 on Thursday. The company’s 50 day simple moving average is C$5.98 and its 200-day simple moving average is C$9.21. The firm has a market capitalization of C$63.02 million, a PE ratio of 22.52 and a beta of -0.02. VerticalScope has a 12 month low of C$3.97 and a 12 month 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.

Insiders Place Their Bets

In related news, Director Rob Laidlaw purchased 61,225 shares of the business’s stock in a transaction on Friday, April 11th. The shares were bought at an average price of C$4.90 per share, with a total value of C$300,002.50. Insiders have purchased a total of 62,000 shares of company stock valued at $303,871 over the last quarter. Company insiders own 37.10% of the company’s stock.

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.