VerticalScope Holdings Inc. (TSE:FORA) Given Consensus Recommendation of "Moderate Buy" by Brokerages

Shares of VerticalScope Holdings Inc. (TSE:FORA - Get Free Report) have received a consensus rating of "Moderate Buy" from the six research firms that are covering the stock, Marketbeat.com reports. Two analysts have rated the stock with a hold recommendation and four have assigned a buy recommendation to the company. The average 1 year price target among analysts that have updated their coverage on the stock in the last year is C$12.10.

FORA has been the subject of a number of analyst reports. Royal Bank of Canada dropped their price target on shares of VerticalScope from C$10.00 to C$9.00 and set an "outperform" rating for the company in a research report on Tuesday, April 29th. Canaccord Genuity Group dropped their price objective on VerticalScope from C$17.00 to C$10.00 in a report on Wednesday, April 9th. TD Securities lowered VerticalScope from a "buy" rating to a "hold" rating and reduced their target price for the stock from C$15.00 to C$6.00 in a report on Wednesday, April 9th. National Bankshares boosted their price target on VerticalScope from C$13.00 to C$15.00 and gave the company an "outperform" rating in a research note on Friday, March 14th. Finally, Raymond James reduced their price objective on shares of VerticalScope from C$14.50 to C$9.00 in a research note on Wednesday, April 9th.

VerticalScope Stock Performance

VerticalScope stock traded up C$0.15 during midday trading on Tuesday, hitting C$4.76. The company's stock had a trading volume of 16,020 shares, compared to its average volume of 73,600. The company has a debt-to-equity ratio of 55.19, a current ratio of 1.65 and a quick ratio of 0.79. The company has a market cap of C$75.00 million, a price-to-earnings ratio of 26.80 and a beta of -0.02. VerticalScope has a 1-year low of C$4.50 and a 1-year high of C$14.75. The company has a 50-day moving average price of C$7.98 and a two-hundred day moving average price of C$9.58.

Insider Activity

In related news, Director Rob Laidlaw purchased 61,225 shares of the stock in a transaction dated Friday, April 11th. The stock was bought at an average cost of C$4.90 per share, for a total transaction of C$300,002.50. In the last three months, insiders have purchased 62,000 shares of company stock worth $303,871. 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.