VerticalScope (TSE:FORA) Price Target Raised to C$10.00 at CIBC

VerticalScope (TSE:FORA) had its price objective upped by CIBC from C$9.00 to C$10.00 in a report issued on Thursday,BayStreet.CA reports.

Other analysts have also issued research reports about the stock. Royal Bank of Canada increased their price target on shares of VerticalScope from C$15.00 to C$16.00 in a research report on Thursday. National Bankshares raised their target price on VerticalScope from C$11.50 to C$13.00 in a report on Thursday. TD Securities boosted their price target on VerticalScope from C$16.00 to C$17.00 and gave the stock a “buy” rating in a report on Thursday. Finally, Raymond James raised their price objective on VerticalScope from C$11.50 to C$13.00 in a research note on Wednesday.

VerticalScope Price Performance

VerticalScope stock traded down C$0.44 during trading hours on Thursday, reaching C$8.56. 137,053 shares of the stock were exchanged, compared to its average volume of 23,707. The company has a current ratio of 1.80, a quick ratio of 0.79 and a debt-to-equity ratio of 63.66. VerticalScope has a twelve month low of C$4.01 and a twelve month high of C$11.00. The company has a market cap of C$159.39 million, a P/E ratio of 128.57 and a beta of -0.02. The stock has a 50 day moving average of C$8.27 and a two-hundred day moving average of C$8.67.

Insider Activity at VerticalScope

In other VerticalScope news, Senior Officer Christopher Michael Goodridge acquired 5,000 shares of VerticalScope stock in a transaction that occurred on Wednesday, September 11th. The shares were bought at an average price of C$8.54 per share, with a total value of C$42,700.00. Also, Director Rob Laidlaw sold 50,000 shares of the firm’s stock in a transaction on Thursday, August 22nd. The stock was sold at an average price of C$9.00, for a total value of C$450,000.00. Insiders have sold a total of 79,900 shares of company stock valued at $727,906 in the last 90 days. 37.10% of the stock is owned by corporate insiders.

About VerticalScope

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.