Insider Buying: VerticalScope Holdings Inc. (TSE:FORA) Director Acquires 61,225 Shares of Stock

VerticalScope Holdings Inc. (TSE:FORA - Get Free Report) Director Rob Laidlaw bought 61,225 shares of the company's stock in a transaction that occurred on Friday, April 11th. The stock was purchased at an average price of C$4.90 per share, for a total transaction of C$300,002.50.

Rob Laidlaw also recently made the following trade(s):

• On Thursday, January 23rd, Rob Laidlaw sold 8,500 shares of VerticalScope stock. The shares were sold at an average price of C$12.62, for a total value of C$107,270.00.

VerticalScope Stock Up 1.7 %

TSE FORA traded up C$0.08 on Friday, reaching C$4.85. The company had a trading volume of 56,586 shares, compared to its average volume of 76,739. The company has a quick ratio of 0.79, a current ratio of 1.65 and a debt-to-equity ratio of 55.19. The company's fifty day moving average is C$9.91 and its 200 day moving average is C$9.82. VerticalScope Holdings Inc. has a 52-week low of C$4.50 and a 52-week high of C$14.75. The stock has a market capitalization of C$76.41 million, a P/E ratio of 27.30 and a beta of -0.02.

Wall Street Analyst Weigh In

FORA has been the topic of several research analyst reports. Canaccord Genuity Group cut their target price on shares of VerticalScope from C$17.00 to C$10.00 in a research note on Wednesday, April 9th. CIBC downgraded VerticalScope from an "outperform" rating to a "neutral" rating and reduced their target price for the company from C$17.00 to C$6.00 in a research note on Thursday, April 10th. TD Securities downgraded VerticalScope from a "buy" rating to a "hold" rating and dropped their price target for the stock from C$15.00 to C$6.00 in a research note on Wednesday, April 9th. Cormark raised their price objective on VerticalScope from C$14.00 to C$19.00 in a research note on Friday, March 14th. Finally, Beacon Securities lowered their target price on VerticalScope from C$19.50 to C$12.00 and set a "buy" rating on the stock in a research 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, VerticalScope presently has an average rating of "Moderate Buy" and a consensus target price of C$12.90.

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.