TD Securities Issues Pessimistic Forecast for VerticalScope (TSE:FORA) Stock Price

VerticalScope (TSE:FORA - Free Report) had its price target cut by TD Securities from C$18.00 to C$15.00 in a research note published on Tuesday,BayStreet.CA reports. They currently have a buy rating on the stock.

A number of other equities analysts also recently issued reports on the company. Raymond James increased their price target on VerticalScope from C$13.00 to C$14.50 and gave the stock an "outperform" rating in a research report on Friday, March 14th. Royal Bank of Canada raised their target price on shares of VerticalScope from C$16.00 to C$17.00 in a research report on Thursday, January 30th. CIBC upped their price objective on VerticalScope from C$10.00 to C$17.00 in a research note on Monday, February 10th. National Bankshares increased their target price on shares of VerticalScope from C$13.00 to C$15.00 and gave the company an "outperform" rating in a research report on Friday, March 14th. Finally, Cormark lifted their price target on shares of VerticalScope from C$14.00 to C$19.00 in a report on Friday, March 14th. Two investment analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. According to MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus price target of C$12.90.

VerticalScope Trading Up 4.5 %

Shares of TSE:FORA traded up C$0.21 during trading on Tuesday, reaching C$4.85. 610,747 shares of the company were exchanged, compared to its average volume of 78,089. 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 firm has a market capitalization of C$76.41 million, a PE ratio of 27.30 and a beta of -0.02. The business's fifty day simple moving average is C$10.60 and its 200-day simple moving average is C$9.93. VerticalScope has a 12-month low of C$4.60 and a 12-month high of C$14.75.

Insider Transactions at VerticalScope

In related news, Director Rob Laidlaw sold 8,500 shares of the stock in a transaction that occurred 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. Also, Senior Officer Brandon Seibel sold 12,500 shares of VerticalScope 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 ninety days, insiders sold 22,250 shares of company stock 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.