VerticalScope (TSE:FORA) Price Target Raised to C$13.00 at National Bankshares

VerticalScope (TSE:FORA) had its price target raised by National Bankshares from C$11.50 to C$13.00 in a research note published on Thursday,BayStreet.CA reports.

Several other research analysts have also recently weighed in on FORA. Raymond James boosted their price target on shares of VerticalScope from C$11.50 to C$13.00 in a research report on Wednesday, November 13th. Royal Bank of Canada lifted their price target on shares of VerticalScope from C$15.00 to C$16.00 in a research report on Thursday. CIBC lowered VerticalScope from an “outperform” rating to a “neutral” rating and lowered their price objective for the stock from C$12.00 to C$9.00 in a research report on Tuesday, October 15th. Finally, TD Securities lifted their target price on VerticalScope from C$16.00 to C$17.00 and gave the company a “buy” rating in a research report on Thursday.

VerticalScope Price Performance

Shares of TSE FORA opened at C$8.44 on Thursday. The firm has a 50-day simple moving average of C$8.28 and a 200-day simple moving average of C$8.69. The company has a quick ratio of 0.79, a current ratio of 1.80 and a debt-to-equity ratio of 63.66. The stock has a market capitalization of C$157.15 million, a price-to-earnings 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 purchased 10,000 shares of the business’s stock in a transaction that occurred on Monday, October 21st. The stock was purchased at an average cost of C$7.73 per share, with a total value of C$77,258.00. Also, Senior Officer Christopher Michael Goodridge bought 5,000 shares of the business’s stock in a transaction dated Wednesday, September 11th. The shares were acquired at an average cost of C$8.54 per share, with a total value of C$42,700.00. Insiders have sold 79,900 shares of company stock valued at $727,906 in the last ninety days. 37.10% of the stock is currently owned by company insiders.

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.