Christopher Michael Goodridge Acquires 25,000 Shares of VerticalScope Holdings Inc. (TSE:FORA) Stock

VerticalScope Holdings Inc. (TSE:FORA - Get Free Report) Senior Officer Christopher Michael Goodridge purchased 25,000 shares of the company's stock in a transaction that occurred on Thursday, June 5th. The stock was bought at an average price of C$4.00 per share, for a total transaction of C$100,000.00.

VerticalScope Stock Performance

Shares of TSE FORA traded up C$0.37 during mid-day trading on Friday, reaching C$4.32. 114,784 shares of the company's stock were exchanged, compared to its average volume of 68,024. VerticalScope Holdings Inc. has a 52 week low of C$3.85 and a 52 week high of C$14.75. 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 firm has a 50-day moving average price of C$5.05 and a two-hundred day moving average price of C$8.95. The firm has a market capitalization of C$68.06 million, a price-to-earnings ratio of 24.32 and a beta of -0.02.

Analyst Upgrades and Downgrades

Several analysts have commented on FORA shares. Cormark lifted their price target on VerticalScope from C$14.00 to C$19.00 in a report on Friday, March 14th. Canaccord Genuity Group reduced their price objective 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. TD Securities cut 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. Royal Bank of Canada downgraded 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, Beacon Securities decreased their price target on 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. Four investment analysts have rated the stock with a hold rating and three have issued a buy rating to the company. Based on data from MarketBeat, the stock currently has an average rating of "Hold" and an average price target of C$10.45.

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.