VerticalScope (TSE:FORA) Price Target Cut to C$9.00 by Analysts at Raymond James

VerticalScope (TSE:FORA - Get Free Report) had its price target dropped by stock analysts at Raymond James from C$14.50 to C$9.00 in a report issued on Wednesday,BayStreet.CA reports. Raymond James' price objective would indicate a potential upside of 94.38% from the stock's previous close.

A number of other brokerages also recently weighed in on FORA. 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. CIBC increased their price target on VerticalScope from C$10.00 to C$17.00 in a report on Monday, February 10th. Cormark boosted their target price on shares of VerticalScope from C$14.00 to C$19.00 in a research report on Friday, March 14th. National Bankshares upped their price objective on shares of VerticalScope from C$13.00 to C$15.00 and gave the company an "outperform" rating in a report on Friday, March 14th. Finally, TD Securities reduced their target price on VerticalScope from C$18.00 to C$15.00 and set a "buy" rating for the company in a research note on Tuesday, April 8th. Two investment analysts have rated the stock with a hold rating and three have issued a buy rating to the company's stock. According to data from MarketBeat.com, VerticalScope has an average rating of "Moderate Buy" and a consensus target price of C$12.90.

VerticalScope Trading Down 4.5 %

Shares of TSE:FORA traded down C$0.22 during trading on Wednesday, reaching C$4.63. The stock had a trading volume of 112,017 shares, compared to its average volume of 78,560. VerticalScope has a 52 week low of C$4.50 and a 52 week high of C$14.75. 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 firm's fifty day moving average is C$10.60 and its 200 day moving average is C$9.95. The stock has a market cap of C$72.95 million, a price-to-earnings ratio of 26.07 and a beta of -0.02.

Insider Buying and Selling at VerticalScope

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 stock was sold at an average price of C$11.00, for a total value of C$137,500.00. Also, Director Rob Laidlaw sold 8,500 shares of the firm's stock in a transaction on Thursday, January 23rd. The shares were sold at an average price of C$12.62, for a total value of C$107,270.00. In the last three months, insiders have purchased 62,000 shares of company stock worth $303,871 and have sold 22,250 shares worth $259,820. Company 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.