TD Securities Raises VerticalScope (TSE:FORA) Price Target to C$17.00

VerticalScope (TSE:FORA) had its price objective increased by TD Securities from C$16.00 to C$17.00 in a research note published on Thursday morning,BayStreet.CA reports. TD Securities currently has a buy rating on the stock.

Several other brokerages have also recently issued reports on FORA. CIBC cut VerticalScope from an “outperform” rating to a “neutral” rating and decreased their price objective for the company from C$12.00 to C$9.00 in a research note on Tuesday, October 15th. Raymond James boosted their target price on VerticalScope from C$11.50 to C$13.00 in a research note on Wednesday.

VerticalScope Stock Down 4.9 %

Shares of FORA traded down C$0.44 during midday trading on Thursday, hitting C$8.56. The company had a trading volume of 137,053 shares, compared to its average volume of 23,707. The company’s 50-day simple moving average is C$8.27 and its 200-day simple moving average is C$8.67. 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 firm has a market capitalization of C$159.39 million, a P/E ratio of 128.57 and a beta of -0.02. VerticalScope has a 1 year low of C$4.01 and a 1 year high of C$11.00.

Insider Buying and Selling

In other news, Director Rob Laidlaw acquired 10,000 shares of VerticalScope stock in a transaction on Monday, October 21st. The stock was bought at an average price of C$7.73 per share, for a total transaction of C$77,258.00. Also, Senior Officer Christopher Michael Goodridge acquired 5,000 shares of VerticalScope stock in a transaction on Wednesday, September 11th. The stock was purchased at an average price of C$8.54 per share, with a total value of C$42,700.00. Insiders sold a total of 79,900 shares of company stock worth $727,906 over the last 90 days. 37.10% of the stock is owned by 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.