VerticalScope (TSE:FORA) Given New C$15.00 Price Target at National Bankshares

VerticalScope (TSE:FORA) had its price target increased by National Bankshares from C$13.00 to C$15.00 in a research report released on Friday,BayStreet.CA reports. They currently have an outperform rating on the stock.

A number of other research analysts have also issued reports on the company. Canaccord Genuity Group boosted their target price on VerticalScope from C$14.00 to C$17.00 in a report on Thursday, November 14th. Cormark boosted their target price on VerticalScope from C$14.00 to C$19.00 in a report on Friday. Raymond James boosted their target price on VerticalScope from C$13.00 to C$14.50 and gave the company an “outperform” rating in a report on Friday. Eight Capital boosted their target price on VerticalScope from C$15.00 to C$18.00 in a report on Monday, December 2nd. Finally, Royal Bank of Canada boosted their target price on VerticalScope from C$16.00 to C$17.00 in a report on Thursday, January 30th. One equities research analyst has rated the stock with a hold rating and four have given a buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of C$16.94.

VerticalScope Price Performance

Shares of TSE FORA opened at C$9.92 on Friday. The company has a current ratio of 1.65, a quick ratio of 0.79 and a debt-to-equity ratio of 55.19. VerticalScope has a twelve month low of C$6.80 and a twelve month high of C$14.75. The stock has a 50 day moving average of C$12.02 and a two-hundred day moving average of C$10.01. The stock has a market cap of C$156.29 million, a P/E ratio of 55.85 and a beta of -0.02.

Insider Buying and Selling

In related news, Director Rob Laidlaw sold 3,300 shares of the company’s stock in a transaction on Wednesday, January 8th. The stock was sold at an average price of C$10.76, for a total transaction of C$35,501.40. Also, Senior Officer Brandon Seibel sold 12,500 shares of the company’s stock in a transaction on Monday, January 20th. The shares were sold at an average price of C$11.00, for a total value of C$137,500.00. Insiders have sold 25,550 shares of company stock valued at $295,321 over the last quarter. Company insiders own 37.10% of the company’s stock.

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.