Canaccord Genuity Group Forecasts Strong Price Appreciation for VerticalScope (TSE:FORA) Stock

VerticalScope (TSE:FORA) had its price target lifted by Canaccord Genuity Group from C$14.00 to C$17.00 in a note issued to investors on Thursday,BayStreet.CA reports. Canaccord Genuity Group’s target price points to a potential upside of 101.42% from the company’s current price.

FORA has been the topic of a number of other research reports. National Bankshares raised their price target on shares of VerticalScope from C$11.50 to C$13.00 in a report on Thursday. TD Securities raised their target price on shares of VerticalScope from C$16.00 to C$17.00 and gave the stock a “buy” rating in a report on Thursday. CIBC lifted their target price on shares of VerticalScope from C$9.00 to C$10.00 in a research report on Thursday. Raymond James increased their price target on VerticalScope from C$11.50 to C$13.00 in a report on Wednesday. Finally, Royal Bank of Canada lifted their price objective on VerticalScope from C$15.00 to C$16.00 in a report on Thursday.

VerticalScope Trading Down 6.2 %

Shares of TSE:FORA opened at C$8.44 on Thursday. The company has a debt-to-equity ratio of 63.66, a current ratio of 1.80 and a quick ratio of 0.79. VerticalScope has a 1 year low of C$4.01 and a 1 year high of C$11.00. The company has a market cap of C$157.15 million, a P/E ratio of 120.57 and a beta of -0.02. The stock’s fifty day moving average price is C$8.28 and its 200-day moving average price is C$8.67.

Insider Buying and Selling at VerticalScope

In other news, Director Rob Laidlaw sold 50,000 shares of the business’s stock in a transaction on Thursday, August 22nd. The shares were sold at an average price of C$9.00, for a total transaction of C$450,000.00. Also, Senior Officer Christopher Michael Goodridge bought 5,000 shares of the firm’s stock in a transaction that occurred on Wednesday, September 11th. The stock was bought at an average cost of C$8.54 per share, for a total transaction of C$42,700.00. Over the last ninety days, insiders sold 79,900 shares of company stock valued at $727,906. Insiders own 37.10% of the company’s stock.

About VerticalScope

VerticalScope Holdings Inc, a technology company, operates a cloud-based digital community platform for online enthusiast communities in the United States, Canada, the United Kingdom, and internationally. The company provides digital advertising services comprising direct advertising campaigns serve primarily in original equipment manufacturers, retailers, and insurance providers; programmatic advertising which includes the monetization of display and video impressions, and private marketplace and programmatic guaranteed advertising; and custom content solutions that manages and produces branded content for advertisers, including product reviews, articles, e-mail features, and short videos; and provides e-commerce solutions.