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

by · The Cerbat Gem

VerticalScope (TSE:FORA – Get Free Report) had its price target increased by equities researchers at TD Securities from C$17.00 to C$18.00 in a report issued on Friday,BayStreet.CA reports. The brokerage presently has a “buy” rating on the stock. TD Securities’ price objective would suggest a potential upside of 80.00% from the stock’s current price.

FORA has been the topic of several other reports. Canaccord Genuity Group boosted their target price on VerticalScope from C$14.00 to C$17.00 in a report on Thursday, November 14th. CIBC increased their price target on VerticalScope from C$10.00 to C$17.00 in a research note on Monday, February 10th. Eight Capital raised their price objective on VerticalScope from C$15.00 to C$18.00 in a research note on Monday, December 2nd. National Bankshares lifted their price target on VerticalScope from C$11.50 to C$13.00 in a report on Thursday, November 14th. Finally, Royal Bank of Canada raised their price objective on VerticalScope from C$16.00 to C$17.00 in a research report on Thursday, January 30th. One research analyst has rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of C$16.94.

Get Our Latest Stock Report on VerticalScope

VerticalScope Trading Down 1.0 %

VerticalScope stock traded down C$0.10 during trading hours on Friday, reaching C$10.00. The company had a trading volume of 63,919 shares, compared to its average volume of 48,891. The company has a debt-to-equity ratio of 55.19, a current ratio of 1.65 and a quick ratio of 0.79. VerticalScope has a 12-month low of C$6.80 and a 12-month high of C$14.75. The firm has a market cap of C$157.55 million, a price-to-earnings ratio of 56.30 and a beta of -0.02. The company has a 50-day moving average price of C$12.02 and a 200 day moving average price of C$10.01.

Insider Transactions at VerticalScope

In other VerticalScope news, Director Rob Laidlaw sold 8,500 shares of VerticalScope stock in a transaction on Thursday, January 23rd. The shares were sold at an average price of C$12.62, for a total transaction of C$107,270.00. Also, Senior Officer Brandon Seibel sold 12,500 shares of the business’s stock in a transaction on Monday, January 20th. The stock was sold at an average price of C$11.00, for a total transaction of C$137,500.00. Insiders sold a total of 25,550 shares of company stock worth $295,321 in the last ninety days. Insiders own 37.10% of the company’s stock.

About VerticalScope

(Get Free Report)

VerticalScope is a technology company that has built and operates a cloud-based digital platform for online enthusiast communities in high-consumer spending categories. VerticalScope’s mission is to enable people with common interests to connect, explore their passions and share knowledge about the things they love.

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