TD Securities Cuts VerticalScope (TSE:FORA) Price Target to C$3.00

VerticalScope (TSE:FORA) had its target price cut by TD Securities from C$4.00 to C$3.00 in a research note published on Thursday,BayStreet.CA reports. They currently have a hold rating on the stock.

FORA has been the topic of several other research reports. Canadian Imperial Bank of Commerce upped their price target on VerticalScope from C$4.00 to C$4.50 in a report on Monday, November 10th. National Bank Financial reduced their price target on shares of VerticalScope from C$5.50 to C$4.50 and set a “sector perform” rating for the company in a research report on Wednesday, January 28th. Finally, Raymond James Financial cut their target price on shares of VerticalScope from C$7.50 to C$5.00 and set an “outperform” rating on the stock in a research note on Wednesday. Three investment analysts have rated the stock with a Buy rating and four have given a Hold rating to the stock. Based on data from MarketBeat.com, VerticalScope currently has an average rating of “Hold” and a consensus price target of C$7.50.

VerticalScope Trading Up 10.8%

Shares of VerticalScope stock opened at C$3.49 on Thursday. The company has a current ratio of 2.62, a quick ratio of 0.79 and a debt-to-equity ratio of 60.61. The company has a 50-day moving average of C$2.95 and a two-hundred day moving average of C$3.17. VerticalScope has a 12-month low of C$2.40 and a 12-month high of C$11.60. The stock has a market cap of C$75.07 million, a PE ratio of -14.54 and a beta of 0.41.

VerticalScope (TSE:FORA) last released its earnings results on Tuesday, March 3rd. The company reported C($0.22) EPS for the quarter. The business had revenue of C$20.22 million for the quarter. VerticalScope had a negative net margin of 13.83% and a negative return on equity of 10.35%. On average, research analysts anticipate that VerticalScope will post 0.3740942 EPS for the current fiscal year.

VerticalScope Company Profile

VerticalScope Holdings Inc is a technology company that operates a cloud-based digital community platform comprising hyper-focused apps, forums, marketplaces, editorial, and e-commerce rating and brand review websites.