VerticalScope (TSE:FORA) Stock Price Expected to Rise, TD Securities Analyst Says

VerticalScope (TSE:FORA) had its target price boosted by equities researchers at TD Securities from C$16.00 to C$17.00 in a report released on Thursday,BayStreet.CA reports. The brokerage currently has a “buy” rating on the stock. TD Securities’ price objective indicates a potential upside of 88.26% from the company’s previous close.

Other research analysts have also issued reports about the company. Raymond James upped their price target on VerticalScope from C$11.50 to C$13.00 in a report on Wednesday. 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 Stock Performance

Shares of TSE:FORA traded up C$0.14 during midday trading on Thursday, hitting C$9.03. The company’s stock had a trading volume of 152,767 shares, compared to its average volume of 23,131. 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 simple moving average is C$8.26 and its 200 day simple moving average is C$8.67. The stock has a market capitalization of C$168.14 million, a price-to-earnings ratio of 129.43 and a beta of -0.02. VerticalScope has a fifty-two week low of C$4.01 and a fifty-two 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. In other VerticalScope news, Director Rob Laidlaw sold 50,000 shares of VerticalScope stock in a transaction that occurred on Thursday, August 22nd. The stock was sold at an average price of C$9.00, for a total transaction of C$450,000.00. Also, Senior Officer Christopher Michael Goodridge acquired 5,000 shares of the stock in a transaction dated Wednesday, September 11th. The stock was bought 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.