VerticalScope Holdings Inc. (TSE:FORA) Given Average Recommendation of "Hold" by Brokerages

Key Points

• VerticalScope Holdings Inc. (TSE:FORA) holds a consensus rating of "Hold" from seven analysts, with four recommending a hold and three advising a buy.
• The average 12-month price target for VerticalScope has dropped to C$10.15, with several brokerages recently lowering their price objectives.
• Insider trading was noted as Senior Officer Christopher Michael Goodridge acquired 25,000 shares at C$4.00 each, totaling C$100,000.

Shares of VerticalScope Holdings Inc. (TSE:FORA - Get Free Report) have earned an average rating of "Hold" from the seven ratings firms that are presently covering the company, MarketBeat.com reports. Four analysts have rated the stock with a hold rating and three have given a buy rating to the company. The average twelve-month target price among brokers that have issued a report on the stock in the last year is C$10.15.

Several research analysts recently weighed in on FORA shares. Canaccord Genuity Group dropped their price target on 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. CIBC lowered their price objective on VerticalScope from C$6.00 to C$5.00 in a report on Thursday, May 22nd. Royal Bank Of Canada lowered VerticalScope from an "outperform" rating to a "sector perform" rating and lowered their price objective for the company from C$9.00 to C$6.00 in a report on Thursday, May 22nd. National Bankshares decreased their target price on VerticalScope from C$6.50 to C$5.50 and set a "sector perform" rating for the company in a research note on Thursday, August 14th. Finally, TD Securities decreased their target price on VerticalScope from C$4.50 to C$4.00 and set a "hold" rating for the company in a research note on Thursday, August 14th.

VerticalScope Stock Up 0.6%

TSE:FORA traded up C$0.02 during trading hours on Monday, hitting C$3.25. 4,250 shares of the company's stock traded hands, compared to its average volume of 60,435. The firm has a market cap of C$69.83 million, a P/E ratio of -20.31 and a beta of 0.14. VerticalScope has a twelve month low of C$3.15 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's fifty day moving average price is C$3.76 and its two-hundred day moving average price is C$5.81.

Insider Activity at VerticalScope

In other news, Senior Officer Christopher Michael Goodridge acquired 25,000 shares of VerticalScope stock in a transaction on Thursday, June 5th. The stock was bought at an average price of C$4.00 per share, for a total transaction of C$100,000.00. Corporate insiders own 37.10% of the company's stock.

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.