VerticalScope (TSE:FORA) Shares Up 1.2% – Should You Buy?

Shares of VerticalScope Holdings Inc. (TSE:FORA) shot up 1.2% on Monday . The stock traded as high as C$10.25 and last traded at C$10.24. 18,636 shares changed hands during trading, a decline of 29% from the average session volume of 26,395 shares. The stock had previously closed at C$10.12.

Analyst Ratings Changes

Several analysts recently weighed in on FORA shares. National Bankshares raised their price objective on VerticalScope from C$11.50 to C$13.00 in a research note on Thursday, November 14th. Canaccord Genuity Group lifted their price target on shares of VerticalScope from C$14.00 to C$17.00 in a report on Thursday, November 14th. Royal Bank of Canada increased their price objective on shares of VerticalScope from C$15.00 to C$16.00 in a research note on Thursday, November 14th. Eight Capital boosted their target price on shares of VerticalScope from C$15.00 to C$18.00 in a research note on Monday, December 2nd. Finally, TD Securities increased their price target on VerticalScope from C$16.00 to C$17.00 and gave the company a “buy” rating in a research note on Thursday, November 14th.

VerticalScope Price Performance

The stock has a market cap of C$190.67 million, a P/E ratio of 146.29 and a beta of -0.02. The company’s 50 day moving average price is C$9.21 and its 200-day moving average price is C$8.88. The company has a quick ratio of 0.79, a current ratio of 1.80 and a debt-to-equity ratio of 63.66.

Insider Buying and Selling

In other news, Director Rob Laidlaw bought 10,000 shares of the firm’s stock in a transaction on Monday, October 21st. The stock was acquired at an average price of C$7.73 per share, with a total value of C$77,258.00. Also, Senior Officer Christopher Michael Goodridge purchased 12,500 shares of the company’s stock in a transaction dated Friday, November 15th. The stock was purchased at an average price of C$8.70 per share, for a total transaction of C$108,750.00. 37.10% of the stock is owned by corporate insiders.

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.