VerticalScope Holdings Inc. (TSE:FORA) Receives C$10.45 Average PT from Analysts

Shares of VerticalScope Holdings Inc. (TSE:FORA) have earned an average rating of “Hold” from the seven analysts that are covering the firm, Marketbeat Ratings reports. Four investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. The average twelve-month price objective among brokerages that have covered the stock in the last year is C$10.45.

FORA has been the subject of a number of research analyst reports. Cormark increased their target price on VerticalScope from C$14.00 to C$19.00 in a report on Friday, March 14th. Royal Bank of Canada lowered VerticalScope from an “outperform” rating to a “sector perform” rating and lowered their price target for the stock from C$9.00 to C$6.00 in a research report on Thursday, May 22nd. Raymond James lowered their price target on VerticalScope from C$14.50 to C$9.00 in a research report on Wednesday, April 9th. TD Securities lowered their price target on VerticalScope from C$6.00 to C$4.50 and set a “hold” rating for the company in a research report on Thursday, May 22nd. Finally, Beacon Securities lowered their price target on 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.

VerticalScope Trading Up 3.5%

Shares of TSE:FORA opened at C$4.14 on Friday. The business’s 50-day moving average is C$5.87 and its 200 day moving average is C$9.21. VerticalScope has a 1 year low of C$3.97 and a 1 year high of C$14.75. The firm has a market capitalization of C$65.23 million, a P/E ratio of 23.31 and a beta of -0.02. The company has a debt-to-equity ratio of 55.19, a current ratio of 1.65 and a quick ratio of 0.79.

Insider Activity at VerticalScope

In other VerticalScope news, Director Rob Laidlaw bought 61,225 shares of the company’s stock in a transaction on Friday, April 11th. The shares were bought at an average price of C$4.90 per share, for a total transaction of C$300,002.50. Insiders have purchased 62,000 shares of company stock worth $303,871 in 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.