VerticalScope (TSE:FORA) Given New C$14.50 Price Target at Raymond James

VerticalScope (TSE:FORA) had its price objective raised by Raymond James from C$13.00 to C$14.50 in a research note issued to investors on Friday,BayStreet.CA reports. They currently have an outperform rating on the stock.

A number of other equities analysts also recently commented on FORA. CIBC boosted their target price on shares of VerticalScope from C$10.00 to C$17.00 in a report on Monday, February 10th. Royal Bank of Canada boosted their price target on VerticalScope from C$16.00 to C$17.00 in a research note on Thursday, January 30th. TD Securities boosted their price target on VerticalScope from C$17.00 to C$18.00 and gave the stock a “buy” rating in a research note on Friday. Cormark boosted their price target on VerticalScope from C$14.00 to C$19.00 in a research note on Friday. Finally, National Bankshares boosted their price target on VerticalScope from C$11.50 to C$13.00 in a research note on Thursday, November 14th. One investment analyst has rated the stock with a hold rating and four have given a buy rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of C$16.94.

VerticalScope Stock Performance

Shares of VerticalScope stock opened at C$9.92 on Friday. The company has a market capitalization of C$156.29 million, a PE ratio of 55.85 and a beta of -0.02. The company has a debt-to-equity ratio of 55.19, a quick ratio of 0.79 and a current ratio of 1.65. The company has a 50-day simple moving average of C$12.02 and a two-hundred day simple moving average of C$10.01. VerticalScope has a one year low of C$6.80 and a one year high of C$14.75.

Insider Activity at VerticalScope

In related news, Director Rob Laidlaw sold 3,300 shares of the company’s stock in a transaction that occurred on Wednesday, January 8th. The stock was sold at an average price of C$10.76, for a total value of C$35,501.40. Also, Senior Officer Brandon Seibel sold 12,500 shares of the company’s stock in a transaction that occurred 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 a total of 25,550 shares of company stock worth $295,321 over the last quarter. 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.