VerticalScope (TSE:FORA) Price Target Cut to C$10.00 by Analysts at Canaccord Genuity Group

VerticalScope (TSE:FORA - Free Report) had its price target decreased by Canaccord Genuity Group from C$17.00 to C$10.00 in a research report report published on Wednesday,BayStreet.CA reports.

Other analysts have also issued reports about the company. Raymond James dropped their target price on VerticalScope from C$14.50 to C$9.00 in a report on Wednesday, April 9th. Royal Bank of Canada boosted their price objective on VerticalScope from C$16.00 to C$17.00 in a research report on Thursday, January 30th. TD Securities cut their price target on shares of VerticalScope from C$18.00 to C$15.00 and set a "buy" rating for the company in a report on Tuesday, April 8th. CIBC boosted their target price on shares of VerticalScope from C$10.00 to C$17.00 in a research note on Monday, February 10th. Finally, Cormark boosted their price objective on VerticalScope from C$14.00 to C$19.00 in a research note on Friday, March 14th. Two investment analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. According to MarketBeat, VerticalScope has an average rating of "Moderate Buy" and an average target price of C$12.90.

VerticalScope Stock Performance

TSE:FORA traded down C$0.22 during midday trading on Wednesday, hitting C$4.63. The company's stock had a trading volume of 112,017 shares, compared to its average volume of 78,560. The company has a debt-to-equity ratio of 55.19, a current ratio of 1.65 and a quick ratio of 0.79. VerticalScope has a fifty-two week low of C$4.50 and a fifty-two week high of C$14.75. The firm's 50 day moving average is C$10.60 and its 200-day moving average is C$9.95. The firm has a market cap of C$72.95 million, a P/E ratio of 26.07 and a beta of -0.02.

Insider Transactions at VerticalScope

In related news, Director Rob Laidlaw purchased 61,225 shares of the company's stock in a transaction on Friday, April 11th. The stock was acquired at an average cost of C$4.90 per share, for a total transaction of C$300,002.50. Also, Senior Officer Brandon Seibel sold 12,500 shares of the business'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 transaction of C$137,500.00. In the last 90 days, insiders bought 62,000 shares of company stock worth $303,871 and sold 22,250 shares worth $259,820. 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.