VerticalScope (TSE:FORA) Trading 1.2% Higher - Should You Buy?

VerticalScope Holdings Inc. (TSE:FORA - Get Free Report)'s share price shot up 1.2% during mid-day trading on Monday . The stock traded as high as C$10.25 and last traded at C$10.24. 18,636 shares were traded during mid-day trading, a decline of 29% from the average session volume of 26,395 shares. The stock had previously closed at C$10.12.

Wall Street Analysts Forecast Growth

A number of research analysts have weighed in on the stock. Royal Bank of Canada lifted their price target on shares of VerticalScope from C$15.00 to C$16.00 in a research note on Thursday, November 14th. TD Securities boosted their price objective on shares of VerticalScope from C$16.00 to C$17.00 and gave the company a "buy" rating in a research report on Thursday, November 14th. Eight Capital increased their target price on VerticalScope from C$15.00 to C$18.00 in a report on Monday, December 2nd. Raymond James boosted their price target on VerticalScope from C$11.50 to C$13.00 in a report on Wednesday, November 13th. Finally, Canaccord Genuity Group increased their price objective on VerticalScope from C$14.00 to C$17.00 in a report on Thursday, November 14th.

VerticalScope Stock Performance

The company's fifty day simple moving average is C$9.26 and its two-hundred day simple moving average is C$8.88. The company has a debt-to-equity ratio of 63.66, a quick ratio of 0.79 and a current ratio of 1.80. The stock has a market capitalization of C$192.72 million, a P/E ratio of 147.86 and a beta of -0.02.

Insider Buying and Selling at VerticalScope

In other news, Senior Officer Christopher Michael Goodridge acquired 12,500 shares of VerticalScope stock in a transaction on Friday, November 15th. The shares were purchased at an average cost of C$8.70 per share, for a total transaction of C$108,750.00. Also, Director Rob Laidlaw purchased 10,000 shares of the business's stock in a transaction dated Monday, October 21st. The shares were purchased at an average cost of C$7.73 per share, with a total value of C$77,258.00. Insiders own 37.10% of the company's stock.

VerticalScope Company Profile

VerticalScope Holdings Inc, a technology company, operates a cloud-based digital community platform for online enthusiast communities in the United States, Canada, the United Kingdom, and internationally. The company provides digital advertising services comprising direct advertising campaigns serve primarily in original equipment manufacturers, retailers, and insurance providers; programmatic advertising which includes the monetization of display and video impressions, and private marketplace and programmatic guaranteed advertising; and custom content solutions that manages and produces branded content for advertisers, including product reviews, articles, e-mail features, and short videos; and provides e-commerce solutions.