Raymond James Forecasts Strong Price Appreciation for VerticalScope (TSE:FORA) Stock

VerticalScope (TSE:FORA) had its price target increased by Raymond James from C$11.50 to C$13.00 in a research note issued to investors on Wednesday,BayStreet.CA reports.

FORA has been the subject of a number of other research reports. TD Securities increased their price objective on shares of VerticalScope from C$15.00 to C$16.00 in a report on Friday, August 9th. CIBC downgraded VerticalScope from an “outperform” rating to a “neutral” rating and reduced their price objective for the stock from C$12.00 to C$9.00 in a research report on Tuesday, October 15th.

VerticalScope Price Performance

Shares of TSE FORA opened at C$8.44 on Wednesday. The firm has a 50-day simple moving average of C$8.28 and a 200-day simple moving average of C$8.67. The company has a quick ratio of 0.79, a current ratio of 1.80 and a debt-to-equity ratio of 63.66. The stock has a market capitalization of C$157.15 million, a price-to-earnings ratio of 120.57 and a beta of -0.02. VerticalScope has a 52 week low of C$4.01 and a 52 week high of C$11.00.

Insider Activity

In related news, Senior Officer Christopher Michael Goodridge acquired 5,000 shares of VerticalScope stock in a transaction that occurred on Wednesday, September 11th. The shares were purchased 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 stock in a transaction dated Thursday, August 22nd. The stock was sold at an average price of C$9.00, for a total transaction of C$450,000.00. Insiders sold a total of 79,900 shares of company stock valued at $727,906 in the last 90 days. Company 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.