VerticalScope Holdings Inc. (TSE:FORA) Receives C$10.45 Average Target Price from Analysts

Key Points

• VerticalScope Holdings Inc. has received an average analyst recommendation of "Hold" from seven research firms, which includes four "Hold" and three "Buy" ratings.
• The stock's average price target among brokerages is C$10.45, significantly lower than recent targets set by analysts, which have been reduced to as low as C$4.50.
• In a notable insider transaction, Senior Officer Christopher Michael Goodridge bought 25,000 shares at C$4.00 each, reflecting confidence in the company's future despite recent stock performance.

Shares of VerticalScope Holdings Inc. (TSE:FORA - Get Free Report) have received an average recommendation of "Hold" from the seven brokerages that are covering the company, Marketbeat reports. Four investment analysts have rated the stock with a hold recommendation and three have assigned a buy recommendation to the company. The average 1-year price target among brokers that have covered the stock in the last year is C$10.45.

A number of brokerages recently issued reports on FORA. National Bankshares cut their price objective on VerticalScope from C$9.00 to C$8.00 and set a "sector perform" rating for the company in a research report on Thursday, May 22nd. Royal Bank Of Canada downgraded VerticalScope from an "outperform" rating to a "sector perform" rating and dropped their target price for the company from C$9.00 to C$6.00 in a research report on Thursday, May 22nd. TD Securities dropped their target price on VerticalScope from C$6.00 to C$4.50 and set a "hold" rating for the company in a research report on Thursday, May 22nd. Canaccord Genuity Group dropped their target price on VerticalScope from C$10.00 to C$6.00 and set a "speculative buy" rating for the company in a research report on Thursday, May 22nd. Finally, CIBC dropped their target price on VerticalScope from C$6.00 to C$5.00 in a research report on Thursday, May 22nd.

VerticalScope Trading Down 0.3%

Shares of TSE:FORA traded down C$0.01 during midday trading on Thursday, reaching C$3.69. 8,600 shares of the company's stock were exchanged, compared to its average volume of 54,092. The firm's 50 day simple moving average is C$4.02 and its two-hundred day simple moving average is C$6.91. 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 stock has a market cap of C$58.14 million, a price-to-earnings ratio of 20.77 and a beta of -0.02. VerticalScope has a fifty-two week low of C$3.65 and a fifty-two week high of C$14.75.

Insider Activity at VerticalScope

In related news, Senior Officer Christopher Michael Goodridge purchased 25,000 shares of the business's stock in a transaction dated Thursday, June 5th. The stock was acquired at an average price of C$4.00 per share, for a total transaction of C$100,000.00. 37.10% of the stock is owned by company insiders.

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.