Eight Capital Forecasts Strong Price Appreciation for VerticalScope (TSE:FORA) Stock

VerticalScope (TSE:FORA) had its price target increased by analysts at Eight Capital from C$15.00 to C$18.00 in a research note issued on Monday,BayStreet.CA reports. Eight Capital’s price target would suggest a potential upside of 84.99% from the company’s previous close.

Other research analysts have also recently issued research reports about the stock. Canaccord Genuity Group boosted their price target on shares of VerticalScope from C$14.00 to C$17.00 in a research report on Thursday, November 14th. National Bankshares boosted their price target on shares of VerticalScope from C$11.50 to C$13.00 in a research report on Thursday, November 14th. Royal Bank of Canada boosted their price objective on shares of VerticalScope from C$15.00 to C$16.00 in a report on Thursday, November 14th. TD Securities boosted their price objective on shares of VerticalScope from C$16.00 to C$17.00 and gave the company a “buy” rating in a report on Thursday, November 14th. Finally, CIBC boosted their price objective on shares of VerticalScope from C$9.00 to C$10.00 in a report on Thursday, November 14th.

VerticalScope Trading Up 2.6 %

Shares of FORA stock traded up C$0.25 on Monday, hitting C$9.73. 12,558 shares of the stock traded hands, compared to its average volume of 25,445. The firm’s 50-day moving average price is C$8.28 and its two-hundred day moving average price is C$8.69. The company has a debt-to-equity ratio of 63.66, a quick ratio of 0.79 and a current ratio of 1.80. The stock has a market capitalization of C$181.17 million, a PE ratio of 139.00 and a beta of -0.02. VerticalScope has a twelve month low of C$4.01 and a twelve month high of C$11.00.

Insiders Place Their Bets

In other news, Director Rob Laidlaw bought 10,000 shares of the business’s stock in a transaction that occurred on Monday, October 21st. The shares were purchased at an average cost of C$7.73 per share, for a total transaction of C$77,258.00. Also, Senior Officer Christopher Michael Goodridge bought 5,000 shares of the business’s stock in a transaction that occurred on Wednesday, September 11th. The shares were purchased at an average price of C$8.54 per share, for a total transaction of C$42,700.00. Insiders have acquired 27,500 shares of company stock worth $228,708 over the last three months. Company insiders own 37.10% of the company’s stock.

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.