National Bankshares Has Lowered Expectations for VerticalScope (TSE:FORA) Stock Price

Key Points

• National Bankshares has lowered its price target for VerticalScope (TSE:FORA) from C$6.50 to C$5.50, indicating a potential upside of 60.82% from the stock's previous close.
• Several other analysts have also downgraded VerticalScope, with the consensus rating now being a "Hold" with a target price of C$10.15.
• VerticalScope's stock price recently fell to C$3.42, representing a 2.3% decrease, with a market capitalization of C$53.88 million.

VerticalScope (TSE:FORA - Get Free Report) had its price target reduced by National Bankshares from C$6.50 to C$5.50 in a research note issued on Thursday,BayStreet.CA reports. The brokerage currently has a "sector perform" rating on the stock. National Bankshares' price objective would indicate a potential upside of 60.82% from the stock's previous close.

Several other equities research analysts also recently weighed in on FORA. Royal Bank Of Canada downgraded shares of VerticalScope from an "outperform" rating to a "sector perform" rating and lowered their target price for the company from C$9.00 to C$6.00 in a research note on Thursday, May 22nd. TD Securities lowered their target price on shares of VerticalScope from C$4.50 to C$4.00 and set a "hold" rating for the company in a research note on Thursday. Canaccord Genuity Group lowered their price objective on shares of VerticalScope from C$10.00 to C$6.00 and set a "speculative buy" rating for the company in a research note on Thursday, May 22nd. Finally, CIBC dropped their price objective on shares of VerticalScope from C$6.00 to C$5.00 in a report on Thursday, May 22nd. Four research analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of "Hold" and a consensus price target of C$10.15.

VerticalScope Stock Down 2.3%

FORA traded down C$0.08 during trading on Thursday, hitting C$3.42. The stock had a trading volume of 170,972 shares, compared to its average volume of 55,689. The company has a market capitalization of C$53.88 million, a PE ratio of 19.25 and a beta of -0.02. VerticalScope has a twelve month low of C$3.29 and a twelve month high of C$14.75. The company has a debt-to-equity ratio of 55.19, a quick ratio of 0.79 and a current ratio of 1.65. The stock has a 50 day simple moving average of C$3.98 and a two-hundred day simple moving average of C$6.80.

Insider Activity

In other VerticalScope news, Senior Officer Christopher Michael Goodridge bought 25,000 shares of VerticalScope stock in a transaction that occurred on Thursday, June 5th. The stock was purchased at an average price of C$4.00 per share, with a total value of C$100,000.00. 37.10% of the stock is currently owned by company insiders.

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.

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