CIBC Boosts VerticalScope (TSE:FORA) Price Target to C$17.00

VerticalScope (TSE:FORA - Get Free Report) had its price target lifted by investment analysts at CIBC from C$10.00 to C$17.00 in a research report issued on Monday,BayStreet.CA reports. CIBC's price objective points to a potential upside of 24.82% from the stock's current price.

A number of other equities analysts have also commented on the stock. Raymond James raised their price objective on shares of VerticalScope from C$11.50 to C$13.00 in a research report on Wednesday, November 13th. Eight Capital lifted their price objective on VerticalScope from C$15.00 to C$18.00 in a research note on Monday, December 2nd. National Bankshares upped their target price on VerticalScope from C$11.50 to C$13.00 in a research note on Thursday, November 14th. TD Securities raised their price target on VerticalScope from C$16.00 to C$17.00 and gave the company a "buy" rating in a report on Thursday, November 14th. Finally, Royal Bank of Canada boosted their price objective on VerticalScope from C$16.00 to C$17.00 in a report on Thursday, January 30th.

VerticalScope Price Performance

FORA traded up C$0.20 during trading on Monday, reaching C$13.62. 39,393 shares of the company were exchanged, compared to its average volume of 40,153. VerticalScope has a 12-month low of C$4.01 and a 12-month high of C$13.92. The company's 50-day moving average is C$11.14 and its two-hundred day moving average is C$9.43. The company has a quick ratio of 0.79, a current ratio of 1.80 and a debt-to-equity ratio of 63.66. The company has a market cap of C$253.60 million, a price-to-earnings ratio of 194.57 and a beta of -0.02.

Insiders Place Their Bets

In other VerticalScope news, Senior Officer Brandon Seibel sold 12,500 shares of the business's stock in a transaction 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. Also, Director Rob Laidlaw sold 3,300 shares of the company's stock in a transaction dated Wednesday, January 8th. The shares were sold at an average price of C$10.76, for a total transaction of C$35,501.40. Insiders sold a total of 26,400 shares of company stock valued at $304,926 over the last 90 days. 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.