VerticalScope (TSE:FORA) Shares Down 0.6% – What’s Next?

VerticalScope Holdings Inc. (TSE:FORA)’s stock price fell 0.6% on Monday . The stock traded as low as C$7.95 and last traded at C$7.96. 18,102 shares changed hands during trading, a decline of 18% from the average session volume of 22,146 shares. The stock had previously closed at C$8.00.

Analysts Set New Price Targets

Several research firms have recently weighed in on FORA. CIBC lowered shares of VerticalScope from an “outperform” rating to a “neutral” rating and reduced their price objective for the company from C$12.00 to C$9.00 in a research report on Tuesday, October 15th. Raymond James raised their price objective on shares of VerticalScope from C$11.50 to C$13.00 in a research report on Wednesday. Finally, TD Securities raised their price objective on shares of VerticalScope from C$15.00 to C$16.00 in a research report on Friday, August 9th.

VerticalScope Stock Performance

The firm’s fifty day simple moving average is C$8.26 and its 200 day simple moving average is C$8.67. The company has a market capitalization of C$165.53 million, a price-to-earnings ratio of 127.00 and a beta of -0.02. The company has a debt-to-equity ratio of 63.66, a current ratio of 1.80 and a quick ratio of 0.79.

Insider Buying and Selling

In related news, Director Rob Laidlaw sold 50,000 shares of the firm’s stock in a transaction that occurred on Thursday, August 22nd. The shares were sold at an average price of C$9.00, for a total transaction of C$450,000.00. In related news, Senior Officer Christopher Michael Goodridge purchased 5,000 shares of the firm’s stock in a transaction that occurred on Wednesday, September 11th. The stock was acquired at an average cost of C$8.54 per share, for a total transaction of C$42,700.00. Also, Director Rob Laidlaw sold 50,000 shares of the firm’s stock in a transaction that occurred on Thursday, August 22nd. The stock was sold at an average price of C$9.00, for a total transaction of C$450,000.00. Over the last three months, insiders sold 79,900 shares of company stock worth $727,906. 37.10% of the stock is owned by company insiders.

VerticalScope Company Profile

VerticalScope Holdings Inc, a technology company, operates a cloud-based digital community platform for online enthusiast communities in the United States, Canada, the United Kingdom, and internationally. The company provides digital advertising services comprising direct advertising campaigns serve primarily in original equipment manufacturers, retailers, and insurance providers; programmatic advertising which includes the monetization of display and video impressions, and private marketplace and programmatic guaranteed advertising; and custom content solutions that manages and produces branded content for advertisers, including product reviews, articles, e-mail features, and short videos; and provides e-commerce solutions.