VerticalScope Holdings Inc. (TSE:FORA) Receives C$12.10 Average Target Price from Analysts

Shares of VerticalScope Holdings Inc. (TSE:FORA - Get Free Report) have been assigned an average recommendation of "Moderate Buy" from the six ratings firms that are currently covering the stock, MarketBeat reports. Two analysts have rated the stock with a hold rating and four have given a buy rating to the company. The average twelve-month target price among brokerages that have issued ratings on the stock in the last year is C$12.10.

Several equities analysts have weighed in on the stock. Royal Bank of Canada dropped their target price on shares of VerticalScope from C$10.00 to C$9.00 and set an "outperform" rating for the company in a report on Tuesday. Canaccord Genuity Group cut their price target on VerticalScope from C$17.00 to C$10.00 in a report on Wednesday, April 9th. TD Securities downgraded shares of VerticalScope from a "buy" rating to a "hold" rating and cut their target price for the company from C$15.00 to C$6.00 in a research note on Wednesday, April 9th. National Bankshares boosted their price objective on shares of VerticalScope from C$13.00 to C$15.00 and gave the company an "outperform" rating in a research report on Friday, March 14th. Finally, Beacon Securities cut their price target on VerticalScope from C$19.50 to C$12.00 and set a "buy" rating for the company in a report on Wednesday, April 9th.

Insiders Place Their Bets

In related news, Director Rob Laidlaw bought 61,225 shares of the company's stock in a transaction dated Friday, April 11th. The stock was purchased at an average price of C$4.90 per share, with a total value of C$300,002.50. Insiders purchased 62,000 shares of company stock worth $303,871 over the last three months. Insiders own 37.10% of the company's stock.

VerticalScope Stock Performance

TSE:FORA traded up C$0.11 during midday trading on Tuesday, reaching C$4.72. The stock had a trading volume of 3,600 shares, compared to its average volume of 73,454. 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 has a market cap of C$74.37 million, a P/E ratio of 26.57 and a beta of -0.02. The firm has a fifty day simple moving average of C$8.13 and a two-hundred day simple moving average of C$9.58. VerticalScope has a 12-month low of C$4.50 and a 12-month high of C$14.75.

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.