Canaccord Genuity Group Issues Positive Forecast for VerticalScope (TSE:FORA) Stock Price

VerticalScope (TSE:FORA) had its target price boosted by Canaccord Genuity Group from C$14.00 to C$17.00 in a report released on Thursday morning,BayStreet.CA reports.

A number of other brokerages have also recently weighed in on FORA. National Bankshares raised their price objective on VerticalScope from C$11.50 to C$13.00 in a report on Thursday. Raymond James lifted their price target on shares of VerticalScope from C$11.50 to C$13.00 in a research note on Wednesday. TD Securities upped their price objective on shares of VerticalScope from C$16.00 to C$17.00 and gave the company a “buy” rating in a research note on Thursday. CIBC increased their target price on shares of VerticalScope from C$9.00 to C$10.00 in a report on Thursday. Finally, Royal Bank of Canada boosted their price target on shares of VerticalScope from C$15.00 to C$16.00 in a research note on Thursday.

VerticalScope Price Performance

FORA traded down C$0.44 during trading on Thursday, reaching C$8.56. The stock had a trading volume of 137,053 shares, compared to its average volume of 23,707. 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 business has a 50-day moving average of C$8.27 and a 200-day moving average of C$8.67. VerticalScope has a one year low of C$4.01 and a one year high of C$11.00. The stock has a market cap of C$159.39 million, a PE ratio of 128.57 and a beta of -0.02.

Insider Buying and Selling

In other VerticalScope news, Director Rob Laidlaw acquired 10,000 shares of the business’s stock in a transaction dated Monday, October 21st. The shares were purchased at an average cost of C$7.73 per share, for a total transaction of C$77,258.00. 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 shares were acquired at an average price of C$8.54 per share, with a total value of C$42,700.00. Insiders have sold a total of 79,900 shares of company stock valued at $727,906 over the last three months. 37.10% of the stock is owned by company insiders.

VerticalScope Company Profile

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.