VerticalScope (TSE:FORA) Price Target Raised to C$17.00

VerticalScope (TSE:FORA) had its target price upped by CIBC from C$10.00 to C$17.00 in a research report report published on Monday,BayStreet.CA reports.

FORA has been the subject of several other reports. Eight Capital boosted their price objective on shares of VerticalScope from C$15.00 to C$18.00 in a research note on Monday, December 2nd. National Bankshares boosted 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 boosted their price objective on shares of VerticalScope from C$14.00 to C$17.00 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 note on Thursday, November 14th. Finally, Royal Bank of Canada boosted their price objective on shares of VerticalScope from C$16.00 to C$17.00 in a research note on Thursday, January 30th.

VerticalScope Stock Up 1.1 %

FORA stock opened at C$14.00 on Monday. The stock has a market capitalization of C$260.68 million, a P/E ratio of 200.00 and a beta of -0.02. The company has a debt-to-equity ratio of 63.66, a quick ratio of 0.79 and a current ratio of 1.80. VerticalScope has a one year low of C$4.01 and a one year high of C$14.05. The company has a 50 day moving average price of C$11.28 and a two-hundred day moving average price of C$9.50.

Insider Activity at VerticalScope

In other VerticalScope news, Director Rob Laidlaw sold 8,500 shares of the business’s stock in a transaction 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 the business’s stock in a transaction on 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 have sold 26,400 shares of company stock worth $304,926. 37.10% of the stock is currently owned by corporate insiders.

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.