VerticalScope Holdings Inc. (TSE:FORA) Receives C$10.45 Consensus Price Target from Analysts

Shares of VerticalScope Holdings Inc. (TSE:FORA - Get Free Report) have been given a consensus rating of "Hold" by the seven research firms that are presently covering the stock, MarketBeat.com reports. Four equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. The average 1-year target price among brokers that have issued a report on the stock in the last year is C$10.45.

FORA has been the subject of several recent research reports. National Bankshares reduced their target price on shares of VerticalScope from C$9.00 to C$8.00 and set a "sector perform" rating for the company in a report on Thursday, May 22nd. Canaccord Genuity Group lowered their price target on shares of VerticalScope from C$10.00 to C$6.00 and set a "speculative buy" rating on the stock in a research report on Thursday, May 22nd. Cormark boosted their target price on shares of VerticalScope from C$14.00 to C$19.00 in a report on Friday, March 14th. Royal Bank Of Canada downgraded shares of VerticalScope from an "outperform" rating to a "sector perform" rating and reduced their price target for the company from C$9.00 to C$6.00 in a research note on Thursday, May 22nd. Finally, CIBC reduced their price target on shares of VerticalScope from C$6.00 to C$5.00 in a research note on Thursday, May 22nd.

Insider Buying and Selling at VerticalScope

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

VerticalScope Stock Down 1.0%

Shares of TSE FORA traded down C$0.04 during midday trading on Wednesday, reaching C$3.95. 59,431 shares of the company's stock traded hands, compared to its average volume of 64,273. The company has a market cap of C$62.23 million, a price-to-earnings ratio of 22.24 and a beta of -0.02. VerticalScope has a one year low of C$3.85 and a one year high of C$14.75. The company has a quick ratio of 0.79, a current ratio of 1.65 and a debt-to-equity ratio of 55.19. The stock's 50 day simple moving average is C$4.42 and its 200-day simple moving average is C$8.57.

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.