VerticalScope (TSE:FORA) Given New C$19.00 Price Target at Cormark

VerticalScope (TSE:FORA - Get Free Report) had its price objective increased by equities researchers at Cormark from C$14.00 to C$19.00 in a report released on Friday,BayStreet.CA reports. Cormark's price objective points to a potential upside of 95.88% from the stock's previous close.

A number of other equities research analysts have also issued reports on the stock. Eight Capital upped their target price on shares of VerticalScope from C$15.00 to C$18.00 in a research note on Monday, December 2nd. National Bankshares increased their price objective on shares of VerticalScope from C$11.50 to C$13.00 in a research note on Thursday, November 14th. Canaccord Genuity Group increased their price objective on shares of VerticalScope from C$14.00 to C$17.00 in a research note on Thursday, November 14th. Royal Bank of Canada increased their price objective on shares of VerticalScope from C$16.00 to C$17.00 in a research note on Thursday, January 30th. Finally, TD Securities increased their price objective on shares of VerticalScope from C$17.00 to C$18.00 and gave the stock a "buy" rating in a research note on Friday.

VerticalScope Stock Down 3.8 %

FORA stock 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 1-year low of C$6.80 and a 1-year high of C$14.75. The company has a current ratio of 1.65, a quick ratio of 0.79 and a debt-to-equity ratio of 55.19. The company has a market capitalization of C$152.83 million, a P/E ratio of 54.61 and a beta of -0.02. The firm has a fifty day moving average price of C$11.97 and a 200 day moving average price of C$10.05.

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Insiders Place Their Bets

In other VerticalScope news, Director Rob Laidlaw sold 8,500 shares of the company's stock in a transaction dated 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 the company's stock in a transaction dated Monday, January 20th. The stock was sold at an average price of C$11.00, for a total transaction of C$137,500.00. In the last 90 days, insiders sold 25,550 shares of company stock worth $295,321. 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.