Beacon Securities Lowers VerticalScope (TSE:FORA) Price Target to C$12.00

VerticalScope (TSE:FORA - Free Report) had its price objective decreased by Beacon Securities from C$19.50 to C$12.00 in a research report sent to investors on Wednesday morning,BayStreet.CA reports. Beacon Securities currently has a buy rating on the stock.

A number of other analysts have also issued reports on FORA. National Bankshares lifted their price objective on shares of VerticalScope from C$13.00 to C$15.00 and gave the company an "outperform" rating in a research note on Friday, March 14th. CIBC lifted their price target on shares of VerticalScope from C$10.00 to C$17.00 in a research note on Monday, February 10th. TD Securities lowered VerticalScope from a "buy" rating to a "hold" rating and dropped their target price for the stock from C$15.00 to C$6.00 in a research report on Wednesday, April 9th. Royal Bank of Canada increased their price target on VerticalScope from C$16.00 to C$17.00 in a report on Thursday, January 30th. Finally, Canaccord Genuity Group dropped their price objective on VerticalScope from C$17.00 to C$10.00 in a report on Wednesday, April 9th. Two investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average target price of C$12.90.

VerticalScope Stock Down 4.5 %

Shares of FORA traded down C$0.22 during midday trading on Wednesday, reaching C$4.63. 112,017 shares of the company were exchanged, compared to its average volume of 78,560. 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 1-year low of C$4.50 and a 1-year high of C$14.75. The company has a market cap of C$72.95 million, a price-to-earnings ratio of 26.07 and a beta of -0.02. The stock has a 50-day moving average price of C$10.60 and a 200-day moving average price of C$9.95.

Insider Activity

In other VerticalScope news, Director Rob Laidlaw bought 61,225 shares of the business's stock in a transaction on Friday, April 11th. The shares were purchased at an average price of C$4.90 per share, with a total value of C$300,002.50. 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. In the last ninety days, insiders bought 62,000 shares of company stock worth $303,871 and sold 22,250 shares worth $259,820. Company insiders own 37.10% of the company's stock.

VerticalScope Company Profile

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.