National Bankshares Boosts VerticalScope (TSE:FORA) Price Target to C$15.00

VerticalScope (TSE:FORA - Get Free Report) had its price target boosted by stock analysts at National Bankshares from C$13.00 to C$15.00 in a report issued on Friday,BayStreet.CA reports. The brokerage presently has an "outperform" rating on the stock. National Bankshares' price objective suggests a potential upside of 54.64% from the stock's current price.

A number of other equities analysts have also issued reports on the stock. Cormark boosted their target price on shares of VerticalScope from C$14.00 to C$19.00 in a research report on Friday. Canaccord Genuity Group boosted their target price on shares of VerticalScope from C$14.00 to C$17.00 in a research report on Thursday, November 14th. TD Securities boosted their target price on shares of VerticalScope from C$17.00 to C$18.00 and gave the stock a "buy" rating in a research report on Friday. Royal Bank of Canada boosted their target price on shares of VerticalScope from C$16.00 to C$17.00 in a research report on Thursday, January 30th. Finally, Eight Capital boosted their target price on shares of VerticalScope from C$15.00 to C$18.00 in a research report on Monday, December 2nd.

VerticalScope Stock Performance

Shares of TSE:FORA traded down C$0.38 during trading on Friday, reaching C$9.70. The stock had a trading volume of 65,884 shares, compared to its average volume of 51,699. VerticalScope has a 52 week low of C$6.80 and a 52 week high of C$14.75. The firm has a market capitalization of C$152.83 million, a price-to-earnings ratio of 54.61 and a beta of -0.02. 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 stock has a fifty day simple moving average of C$11.97 and a two-hundred day simple moving average of C$10.05.

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Insiders Place Their Bets

In other VerticalScope news, Senior Officer Brandon Seibel sold 12,500 shares of VerticalScope stock in a transaction 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. Also, Director Rob Laidlaw sold 3,300 shares of VerticalScope 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. Insiders have sold 25,550 shares of company stock worth $295,321 over the last 90 days. Corporate insiders own 37.10% of the company's stock.

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.