TD Issues Pessimistic Forecast for VerticalScope (TSE:FORA) Stock Price

VerticalScope (TSE:FORA) had its target price dropped by equities researchers at TD from C$3.00 to C$2.25 in a note issued to investors on Thursday, BayStreet reports. The firm currently has a “hold” rating on the stock. TD‘s price target would indicate a potential upside of 4.17% from the stock’s previous close.

Separately, Raymond James Financial lowered their price objective on VerticalScope from C$5.00 to C$4.00 and set an “outperform” rating for the company in a research report on Friday, August 14th. One research analyst has rated the stock with a Buy rating and four have assigned a Hold rating to the company. According to data from MarketBeat, VerticalScope presently has an average rating of “Hold” and an average price target of C$3.45.

VerticalScope Stock Down 2.3%

FORA traded down C$0.05 on Thursday, hitting C$2.16. 2,803 shares of the company were exchanged, compared to its average volume of 12,546. The firm has a 50-day moving average price of C$2.80 and a two-hundred day moving average price of C$2.80. The company has a current ratio of 1.65, a quick ratio of 0.79 and a debt-to-equity ratio of 46.11. VerticalScope has a twelve month low of C$2.04 and a twelve month high of C$3.49. The company has a market cap of C$47.17 million, a price-to-earnings ratio of -6.00 and a beta of 0.83.

VerticalScope (TSE:FORA) last posted its quarterly earnings results on Tuesday, November 10th. The company reported C$0.01 earnings per share (EPS) for the quarter. The company had revenue of C$18.66 million for the quarter. VerticalScope had a negative return on equity of 10.41% and a negative net margin of 14.06%. On average, equities analysts predict that VerticalScope will post 0.37 earnings per share for the current year.

About VerticalScope

Founded in 1999 and headquartered in Toronto, Ontario, 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. Through targeted acquisitions and development, VerticalScope has built a portfolio of over 1,200 online communities and approximately 100 million monthly active users.