TD Securities Issues Positive Forecast for VerticalScope (TSE:FORA) Stock Price

VerticalScope (TSE:FORA) had its price target boosted by TD Securities from C$17.00 to C$18.00 in a research note released on Friday,BayStreet.CA reports. TD Securities currently has a buy rating on the stock.

Several other analysts have also commented on FORA. National Bankshares lifted their price objective on shares of VerticalScope from C$11.50 to C$13.00 in a research report on Thursday, November 14th. Canaccord Genuity Group lifted their price objective on shares of VerticalScope from C$14.00 to C$17.00 in a research report on Thursday, November 14th. Eight Capital lifted their price objective on shares of VerticalScope from C$15.00 to C$18.00 in a research report on Monday, December 2nd. CIBC boosted their price target on shares of VerticalScope from C$10.00 to C$17.00 in a research report on Monday, February 10th. Finally, Royal Bank of Canada boosted their price target on shares of VerticalScope from C$16.00 to C$17.00 in a research report on Thursday, January 30th. One analyst has rated the stock with a hold rating and four have given a buy rating to the stock. According to MarketBeat.com, VerticalScope presently has an average rating of “Moderate Buy” and a consensus target price of C$16.94.

VerticalScope Stock Performance

Shares of FORA stock opened at C$9.92 on Friday. The firm has a market cap of C$156.29 million, a price-to-earnings ratio of 55.85 and a beta of -0.02. The company has a debt-to-equity ratio of 55.19, a quick ratio of 0.79 and a current ratio of 1.65. VerticalScope has a 52 week low of C$6.80 and a 52 week high of C$14.75. The firm’s 50-day simple moving average is C$12.02 and its two-hundred day simple moving average is C$10.01.

Insider Activity

In related news, Senior Officer Brandon Seibel sold 12,500 shares of the business’s stock in a transaction that occurred on Monday, January 20th. The shares were sold at an average price of C$11.00, for a total transaction of C$137,500.00. Also, Director Rob Laidlaw sold 3,300 shares of the business’s stock in a transaction that occurred on Wednesday, January 8th. The shares were sold at an average price of C$10.76, for a total transaction of C$35,501.40. Insiders have sold a total of 25,550 shares of company stock valued at $295,321 over the last quarter. Company insiders own 37.10% of the company’s stock.

VerticalScope Company Profile

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.