Canaccord Genuity Group Boosts VerticalScope (TSE:FORA) Price Target to C$17.00

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

Several other research analysts have also issued reports on the company. CIBC raised their target price on VerticalScope from C$9.00 to C$10.00 in a research report on Thursday. Raymond James increased their target price on shares of VerticalScope from C$11.50 to C$13.00 in a research report on Wednesday, November 13th. National Bankshares boosted their price target on shares of VerticalScope from C$11.50 to C$13.00 in a research report on Thursday. TD Securities increased their price objective on shares of VerticalScope from C$16.00 to C$17.00 and gave the stock a “buy” rating in a research report on Thursday. Finally, Royal Bank of Canada increased their price target on VerticalScope from C$15.00 to C$16.00 in a report on Thursday.

VerticalScope Stock Down 6.2 %

Shares of TSE FORA opened at C$8.44 on Thursday. The company has a 50 day simple moving average of C$8.28 and a 200 day simple moving average of C$8.69. The firm has a market cap of C$157.15 million, a PE ratio of 120.57 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. The company has a debt-to-equity ratio of 63.66, a current ratio of 1.80 and a quick ratio of 0.79.

Insider Buying and Selling at VerticalScope

In other VerticalScope news, Senior Officer Christopher Michael Goodridge bought 5,000 shares of the stock in a transaction that occurred on Wednesday, September 11th. The shares were bought at an average price of C$8.54 per share, for a total transaction of C$42,700.00. Also, Director Rob Laidlaw sold 50,000 shares of VerticalScope stock in a transaction dated Thursday, August 22nd. The shares were sold at an average price of C$9.00, for a total value of C$450,000.00. Over the last ninety days, insiders sold 79,900 shares of company stock valued at $727,906. Corporate insiders own 37.10% of the company’s stock.

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.