VerticalScope (TSE:FORA - Free Report) had its price objective upped by Raymond James from C$13.00 to C$14.50 in a research note issued to investors on Friday morning,BayStreet.CA reports. The brokerage currently has an outperform rating on the stock.
Several other equities analysts have also recently weighed in on FORA. Royal Bank of Canada lifted their price objective on shares of VerticalScope from C$16.00 to C$17.00 in a research report on Thursday, January 30th. Canaccord Genuity Group upped their price target on VerticalScope from C$14.00 to C$17.00 in a research report on Thursday, November 14th. CIBC raised their price objective on VerticalScope from C$10.00 to C$17.00 in a research report on Monday, February 10th. Cormark lifted their target price on VerticalScope from C$14.00 to C$19.00 in a research note on Friday. Finally, Eight Capital increased their price target on shares of VerticalScope from C$15.00 to C$18.00 in a research report on Monday, December 2nd.
Read Our Latest Stock Report on FORA
VerticalScope Price Performance
FORA stock traded down C$0.38 on Friday, hitting C$9.70. 65,884 shares of the company's stock traded hands, compared to its average volume of 51,699. VerticalScope has a 1-year low of C$6.80 and a 1-year high of C$14.75. The stock has a market cap of C$152.83 million, a price-to-earnings ratio of 54.61 and a beta of -0.02. The stock has a fifty day moving average of C$11.97 and a 200-day moving average of C$10.05. The company has a current ratio of 1.65, a quick ratio of 0.79 and a debt-to-equity ratio of 55.19.
Insider Buying and Selling
In related news, Director Rob Laidlaw sold 3,300 shares of the firm's stock in a transaction that occurred on Wednesday, January 8th. The shares were sold at an average price of C$10.76, for a total transaction of C$35,501.40. Also, Senior Officer Brandon Seibel sold 12,500 shares of the firm'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. Over the last three months, insiders sold 25,550 shares of company stock worth $295,321. 37.10% of the stock is owned by company insiders.
About VerticalScope
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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.
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