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

VerticalScope logo with Communication Services background

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

VerticalScope Stock Up 9.4%

FORA traded up C$0.37 during trading hours on Friday, hitting 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 1-year low of C$3.85 and a 1-year high of C$14.75. The stock's 50-day moving average is C$4.97 and its two-hundred day moving average is C$8.93. The stock has a market cap of C$68.06 million, a price-to-earnings ratio of 24.32 and a beta of -0.02. The company has a quick ratio of 0.79, a current ratio of 1.65 and a debt-to-equity ratio of 55.19.

Analyst Ratings Changes

A number of brokerages have weighed in on FORA. Beacon Securities decreased their price target on shares of VerticalScope from C$19.50 to C$12.00 and set a "buy" rating on the stock in a report on Wednesday, April 9th. Raymond James dropped their target price on shares of VerticalScope from C$14.50 to C$9.00 in a research report on Wednesday, April 9th. Cormark boosted their target price on shares of VerticalScope from C$14.00 to C$19.00 in a research report on Friday, March 14th. TD Securities lowered their price objective on shares of 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, Canaccord Genuity Group reduced their target price on shares of 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. Four investment analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. According to data from MarketBeat, the company has a consensus rating of "Hold" and a consensus target price of C$10.45.

Get Our Latest Analysis on VerticalScope

About VerticalScope

(Get Free Report)

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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