VerticalScope Holdings Inc. (TSE:FORA) Receives Average Recommendation of "Hold" from Analysts

Key Points

• Analyst consensus: Seven analysts give VerticalScope a "Hold" rating (four holds, three buys) with an average one-year price target of C$5.86.
• Weak fundamentals and recent target cuts: FORA trades around C$2.94 (market cap C$63.7M) after reporting C($0.22) EPS and negative margins/ROE, and several brokers have lowered targets recently (e.g., Raymond James to C$5.00, TD Securities to C$3.00, National Bank to C$4.50).

Shares of VerticalScope Holdings Inc. (TSE:FORA - Get Free Report) have earned a consensus rating of "Hold" from the seven research firms that are presently 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 1 year price objective among analysts that have issued a report on the stock in the last year is C$5.86.

A number of research firms have recently issued reports on FORA. National Bank Financial dropped their target price on VerticalScope from C$5.50 to C$4.50 and set a "sector perform" rating on the stock in a report on Wednesday, January 28th. Raymond James Financial dropped their price target on shares of VerticalScope from C$7.50 to C$5.00 and set an "outperform" rating on the stock in a research note on Wednesday, March 4th. Finally, TD Securities cut their price target on shares of VerticalScope from C$4.00 to C$3.00 and set a "hold" rating for the company in a report on Thursday, March 5th.

VerticalScope Stock Down 3.0%

FORA stock opened at C$2.94 on Friday. The company has a market cap of C$63.74 million, a price-to-earnings ratio of -7.95 and a beta of 0.41. The company has a fifty day moving average price of C$2.91 and a 200 day moving average price of C$3.15. The company has a debt-to-equity ratio of 60.61, a current ratio of 2.62 and a quick ratio of 0.79. VerticalScope has a 12 month low of C$2.40 and a 12 month high of C$9.79.

VerticalScope (TSE:FORA - Get Free Report) last posted its quarterly earnings data on Tuesday, March 3rd. The company reported C($0.22) EPS for the quarter. VerticalScope had a negative net margin of 13.83% and a negative return on equity of 10.35%. The business had revenue of C$20.22 million during the quarter. Sell-side analysts expect that VerticalScope will post 0.3740942 earnings per share for the current year.

About VerticalScope

VerticalScope Holdings Inc is a technology company that operates a cloud-based digital community platform comprising hyper-focused apps, forums, marketplaces, editorial, and e-commerce rating and brand review websites.

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