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

VerticalScope (TSE:FORA) had its price objective raised by Royal Bank of Canada from C$15.00 to C$16.00 in a research note issued to investors on Thursday morning,BayStreet.CA reports.

Several other analysts also recently issued reports on the company. TD Securities increased their price target on VerticalScope from C$16.00 to C$17.00 and gave the company a “buy” rating in a report on Thursday. Raymond James increased their target price on VerticalScope from C$11.50 to C$13.00 in a research note on Wednesday. Finally, CIBC downgraded VerticalScope from an “outperform” rating to a “neutral” rating and dropped their target price for the company from C$12.00 to C$9.00 in a report on Tuesday, October 15th.

VerticalScope Trading Down 4.9 %

FORA stock traded down C$0.44 during midday trading on Thursday, reaching C$8.56. 137,053 shares of the company’s stock traded hands, compared to its average volume of 23,707. The company has a debt-to-equity ratio of 63.66, a current ratio of 1.80 and a quick ratio of 0.79. VerticalScope has a fifty-two week low of C$4.01 and a fifty-two week high of C$11.00. The business has a 50-day moving average price of C$8.27 and a two-hundred day moving average price of C$8.67. The company has a market capitalization of C$159.39 million, a P/E ratio of 128.57 and a beta of -0.02.

Insider Transactions at VerticalScope

In other VerticalScope news, Senior Officer Christopher Michael Goodridge bought 5,000 shares of VerticalScope stock in a transaction dated Wednesday, September 11th. The stock was bought at an average cost of C$8.54 per share, for a total transaction of C$42,700.00. Also, Director Rob Laidlaw sold 50,000 shares of the firm’s 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. Over the last ninety days, insiders have sold 79,900 shares of company stock valued at $727,906. 37.10% of the stock is currently owned by 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.