National Bankshares Raises VerticalScope (TSE:FORA) Price Target to C$13.00

VerticalScope (TSE:FORA) had its target price raised by National Bankshares from C$11.50 to C$13.00 in a research report released on Thursday,BayStreet.CA reports.

Other equities research analysts also recently issued reports about the company. TD Securities lifted their target price on VerticalScope from C$16.00 to C$17.00 and gave the stock a “buy” rating in a research report on Thursday. Royal Bank of Canada raised their price target on VerticalScope from C$15.00 to C$16.00 in a report on Thursday. Raymond James upped their price objective on VerticalScope from C$11.50 to C$13.00 in a report on Wednesday. Finally, CIBC cut shares of VerticalScope from an “outperform” rating to a “neutral” rating and reduced their price objective for the company from C$12.00 to C$9.00 in a research note on Tuesday, October 15th.

VerticalScope Stock Performance

Shares of FORA opened at C$8.44 on Thursday. The company’s fifty day moving average price is C$8.28 and its 200 day moving average price is C$8.68. VerticalScope has a one year low of C$4.01 and a one year high of C$11.00. The company has a market capitalization of C$157.15 million, a PE ratio of 120.57 and a beta of -0.02. 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

In related news, Director Rob Laidlaw purchased 10,000 shares of the firm’s stock in a transaction that occurred on Monday, October 21st. The shares were acquired 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 purchased 5,000 shares of the firm’s stock in a transaction that occurred on Wednesday, September 11th. The stock was acquired at an average price of C$8.54 per share, for a total transaction of C$42,700.00. Over the last quarter, insiders have sold 79,900 shares of company stock worth $727,906. Corporate insiders own 37.10% of the company’s stock.

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.