VerticalScope Holdings Inc. (TSE:FORA) Receives Consensus Recommendation of "Hold" from Brokerages

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.

VerticalScope Holdings Inc. (TSE:FORA - Get Free Report) has been assigned an average recommendation of "Hold" from the seven research firms that are currently covering the company, Marketbeat reports. Four equities research analysts have rated the stock with a hold recommendation and three have issued a buy recommendation on the company. The average 1-year price objective among brokers that have updated their coverage on the stock in the last year is C$10.45.

FORA has been the subject of a number of recent analyst reports. Beacon Securities decreased their price objective on shares of VerticalScope from C$19.50 to C$12.00 and set a "buy" rating for the company in a report on Wednesday, April 9th. Canaccord Genuity Group decreased their price target on VerticalScope from C$10.00 to C$6.00 and set a "speculative buy" rating for the company in a research note on Thursday, May 22nd. CIBC reduced their price objective on VerticalScope from C$6.00 to C$5.00 in a report on Thursday, May 22nd. TD Securities decreased 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. Finally, National Bankshares dropped their price target on shares of VerticalScope from C$9.00 to C$8.00 and set a "sector perform" rating on the stock in a report on Thursday, May 22nd.

VerticalScope Stock Down 0.3%

Shares of VerticalScope stock opened at C$3.76 on Thursday. The company has a 50-day simple moving average of C$4.03 and a two-hundred day simple moving average of C$7.09. The stock has a market capitalization of C$59.24 million, a PE ratio of 21.17 and a beta of -0.02. VerticalScope has a 52-week low of C$3.71 and a 52-week high of C$14.75. The company has a debt-to-equity ratio of 55.19, a quick ratio of 0.79 and a current ratio of 1.65.

Insider Buying and Selling

In related news, Senior Officer Christopher Michael Goodridge purchased 25,000 shares of VerticalScope stock in a transaction on 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. Corporate insiders own 37.10% of the company's stock.

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.

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