VerticalScope (TSE:FORA) Stock Gets Price Target Reduction from National Bank Financial

VerticalScope (TSE:FORA) had its price objective reduced by National Bank Financial from C$4.25 to C$3.00 in a research note issued to investors on Thursday morning,BayStreet reports. They currently have a sector perform rating on the stock.

Several other equities analysts have also recently commented on FORA. Raymond James Financial reduced their target price on VerticalScope from C$5.00 to C$4.00 and set an “outperform” rating for the company in a research note on Friday, August 14th. TD dropped their price target on shares of VerticalScope from C$3.00 to C$2.25 and set a “hold” rating for the company in a research note on Thursday. One research analyst has rated the stock with a Buy rating and five have issued a Hold rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and an average target price of C$3.38.

VerticalScope Stock Up 0.9%

Shares of TSE:FORA traded up C$0.02 during trading on Thursday, hitting C$2.18. The company’s stock had a trading volume of 5,810 shares, compared to its average volume of 12,514. The company has a debt-to-equity ratio of 47.10, a quick ratio of 0.79 and a current ratio of 1.80. VerticalScope has a fifty-two week low of C$2.04 and a fifty-two week high of C$3.49. The stock’s 50-day moving average price is C$2.77 and its two-hundred day moving average price is C$2.79. The company has a market capitalization of C$47.60 million, a PE ratio of -6.06 and a beta of 0.83.

VerticalScope (TSE:FORA) last issued its quarterly earnings data on Tuesday, November 10th. The company reported C$0.01 earnings per share for the quarter. VerticalScope had a negative return on equity of 9.82% and a negative net margin of 13.42%. The firm had revenue of C$18.66 million during the quarter. As a group, sell-side analysts expect that VerticalScope will post 0.37 EPS 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.