VerticalScope Holdings Inc. (TSE:FORA) Given Consensus Recommendation of "Hold" by Analysts

VerticalScope Holdings Inc. (TSE:FORA - Get Free Report) has been given a consensus rating of "Hold" by the seven research firms that are currently covering the stock, Marketbeat Ratings reports. Four equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company. The average 12-month target price among analysts that have covered the stock in the last year is C$10.45.

A number of analysts have issued reports on the stock. TD Securities reduced their target price on shares of VerticalScope from C$6.00 to C$4.50 and set a "hold" rating for the company in a research note on Thursday, May 22nd. Cormark boosted their price objective on shares of VerticalScope from C$14.00 to C$19.00 in a research note on Friday, March 14th. Beacon Securities reduced their price objective on shares of VerticalScope from C$19.50 to C$12.00 and set a "buy" rating for the company in a research note on Wednesday, April 9th. Royal Bank Of Canada cut shares of VerticalScope from an "outperform" rating to a "sector perform" rating and reduced their price objective for the stock from C$9.00 to C$6.00 in a research note on Thursday, May 22nd. Finally, CIBC reduced their price objective on shares of VerticalScope from C$6.00 to C$5.00 in a research note on Thursday, May 22nd.

Insider Transactions at VerticalScope

In related news, Director Rob Laidlaw purchased 61,225 shares of VerticalScope stock in a transaction that occurred on Friday, April 11th. The shares were acquired at an average price of C$4.90 per share, for a total transaction of C$300,002.50. Also, Senior Officer Christopher Michael Goodridge purchased 25,000 shares of VerticalScope stock in a transaction that occurred on Thursday, June 5th. The shares were bought at an average price of C$4.00 per share, for a total transaction of C$100,000.00. In the last quarter, insiders have bought 87,000 shares of company stock valued at $403,871. 37.10% of the stock is owned by insiders.

VerticalScope Stock Performance

Shares of FORA opened at C$3.98 on Wednesday. The company's 50 day moving average price is C$4.47 and its 200 day moving average price is C$8.70. VerticalScope has a 52 week low of C$3.85 and a 52 week high of C$14.75. The company has a market capitalization of C$62.71 million, a PE ratio of 22.41 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.

About VerticalScope

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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