VerticalScope (TSE:FORA) Given New C$16.00 Price Target at Royal Bank of Canada

VerticalScope (TSE:FORA) had its price target lifted by investment analysts at Royal Bank of Canada from C$15.00 to C$16.00 in a report issued on Thursday,BayStreet.CA reports. Royal Bank of Canada’s target price suggests a potential upside of 89.57% from the stock’s previous close.

A number of other analysts have also issued reports on the company. Raymond James raised their target price on VerticalScope from C$11.50 to C$13.00 in a report on Wednesday. TD Securities raised their price objective on shares of VerticalScope from C$16.00 to C$17.00 and gave the stock a “buy” rating in a research note on Thursday. Finally, CIBC cut shares of VerticalScope from an “outperform” rating to a “neutral” rating and cut their target price for the company from C$12.00 to C$9.00 in a research note on Tuesday, October 15th.

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 quick ratio of 0.79 and a current ratio of 1.80. The stock’s 50-day moving average is C$8.28 and its 200-day moving average is C$8.67. The company has a market cap of C$157.15 million, a P/E ratio of 120.57 and a beta of -0.02. VerticalScope has a 52-week low of C$4.01 and a 52-week high of C$11.00.

Insider Activity

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