VerticalScope (TSE:FORA) Sets New 1-Year High After Analyst Upgrade

Shares of VerticalScope Holdings Inc. (TSE:FORA - Get Free Report) hit a new 52-week high during trading on Monday after CIBC raised their price target on the stock from C$10.00 to C$17.00. The company traded as high as C$13.92 and last traded at C$13.91, with a volume of 33117 shares traded. The stock had previously closed at C$13.42.

Other analysts have also recently issued reports about the company. Eight Capital upped their price target on VerticalScope from C$15.00 to C$18.00 in a research report on Monday, December 2nd. National Bankshares upped their price target on VerticalScope from C$11.50 to C$13.00 in a research report on Thursday, November 14th. Raymond James upped their price target on VerticalScope from C$11.50 to C$13.00 in a research report on Wednesday, November 13th. 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. Finally, TD Securities upped their price target on VerticalScope from C$16.00 to C$17.00 and gave the company a "buy" rating in a research report on Thursday, November 14th.

Insider Transactions at VerticalScope

In other news, Director Rob Laidlaw sold 3,300 shares of the stock in a transaction on Wednesday, January 8th. The stock was 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 dated Monday, January 20th. The shares were sold at an average price of C$11.00, for a total value of C$137,500.00. Over the last quarter, insiders have sold 26,400 shares of company stock worth $304,926. Insiders own 37.10% of the company's stock.

VerticalScope Stock Up 2.4 %

The firm has a 50 day simple moving average of C$11.40 and a two-hundred day simple moving average of C$9.57. The company has a debt-to-equity ratio of 55.19, a current ratio of 1.65 and a quick ratio of 0.79. The stock has a market cap of C$219.47 million, a price-to-earnings ratio of 78.42 and a beta of -0.02.

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.