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

Shares of VerticalScope Holdings Inc. (TSE:FORA - Get Free Report) have earned an average recommendation of "Hold" from the seven research firms that are presently covering the stock, Marketbeat Ratings reports. Four investment analysts have rated the stock with a hold recommendation and three have issued a buy recommendation on the company. The average twelve-month price target among brokerages that have updated their coverage on the stock in the last year is C$10.45.

A number of equities analysts recently issued reports on the stock. National Bankshares dropped their target price on shares of VerticalScope from C$9.00 to C$8.00 and set a "sector perform" rating on the stock in a research report on Thursday, May 22nd. Beacon Securities cut their target price on shares of VerticalScope from C$19.50 to C$12.00 and set a "buy" rating for the company in a research note on Wednesday, April 9th. Raymond James cut their target price on shares of VerticalScope from C$14.50 to C$9.00 in a research note on Wednesday, April 9th. Royal Bank of Canada cut shares of VerticalScope from an "outperform" rating to a "sector perform" rating and cut their target price for the company from C$9.00 to C$6.00 in a research note on Thursday, May 22nd. Finally, CIBC cut their target price on shares of VerticalScope from C$6.00 to C$5.00 in a research note on Thursday, May 22nd.

VerticalScope Stock Down 3.4%

Shares of TSE FORA traded down C$0.14 during mid-day trading on Friday, reaching C$4.03. 4,716 shares of the company traded hands, compared to its average volume of 67,826. 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 has a market cap of C$63.49 million, a PE ratio of 22.69 and a beta of -0.02. The company's fifty day moving average is C$5.67 and its two-hundred day moving average is C$9.14. VerticalScope has a fifty-two week low of C$3.97 and a fifty-two week high of C$14.75.

Insiders Place Their Bets

In other news, Director Rob Laidlaw acquired 61,225 shares of VerticalScope stock in a transaction on Friday, April 11th. The stock was bought at an average price of C$4.90 per share, for a total transaction of C$300,002.50. In the last quarter, insiders bought 62,000 shares of company stock worth $303,871. 37.10% of the stock is currently owned by company insiders.

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.