Eight Capital Forecasts Strong Price Appreciation for VerticalScope (TSE:FORA) Stock

VerticalScope (TSE:FORA) had its target price increased by research analysts at Eight Capital from C$15.00 to C$18.00 in a research report issued to clients and investors on Monday,BayStreet.CA reports. Eight Capital’s price objective would indicate a potential upside of 84.99% from the company’s previous close.

FORA has been the subject of a number of other research reports. Royal Bank of Canada upped their target price on shares of VerticalScope from C$15.00 to C$16.00 in a research report on Thursday, November 14th. CIBC upped their price target on shares of VerticalScope from C$9.00 to C$10.00 in a research note on Thursday, November 14th. National Bankshares increased their target price on shares of VerticalScope from C$11.50 to C$13.00 in a research note on Thursday, November 14th. Raymond James increased their target price on shares of VerticalScope from C$11.50 to C$13.00 in a research note on Wednesday, November 13th. Finally, TD Securities increased their target price 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.

VerticalScope Stock Performance

Shares of TSE FORA traded up C$0.25 during trading on Monday, hitting C$9.73. The company had a trading volume of 12,558 shares, compared to its average volume of 25,445. The stock has a 50 day simple moving average of C$8.28 and a 200 day simple moving average of C$8.69. The firm has a market capitalization of C$181.17 million, a P/E ratio of 139.00 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 12 month low of C$4.01 and a 12 month high of C$11.00.

Insider Buying and Selling

In other news, Director Rob Laidlaw sold 29,500 shares of VerticalScope stock in a transaction that occurred on Monday, September 23rd. The shares were sold at an average price of C$9.30, for a total transaction of C$274,350.00. Also, Senior Officer Christopher Michael Goodridge purchased 12,500 shares of the company’s stock in a transaction that occurred on Friday, November 15th. The stock was bought at an average cost of C$8.70 per share, for a total transaction of C$108,750.00. Insiders purchased 27,500 shares of company stock worth $228,708 in the last three months. Corporate insiders own 37.10% of the company’s stock.

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.