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

VerticalScope (TSE:FORA) had its price target lifted by research analysts at CIBC from C$9.00 to C$10.00 in a research note issued to investors on Thursday,BayStreet.CA reports. CIBC’s target price indicates a potential upside of 10.74% from the stock’s previous close.

Several other equities analysts have also recently issued reports on FORA. National Bankshares lifted their price objective on VerticalScope from C$11.50 to C$13.00 in a research note on Thursday. Raymond James lifted their price target on shares of VerticalScope from C$11.50 to C$13.00 in a research note on Wednesday. TD Securities increased 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. Finally, Royal Bank of Canada raised their price objective on shares of VerticalScope from C$15.00 to C$16.00 in a report on Thursday.

VerticalScope Stock Up 1.6 %

Shares of TSE FORA traded up C$0.14 during mid-day trading on Thursday, hitting C$9.03. The company had a trading volume of 152,767 shares, compared to its average volume of 23,131. VerticalScope has a 1-year low of C$4.01 and a 1-year high of C$11.00. The company has a market capitalization of C$168.14 million, a PE ratio of 129.00 and a beta of -0.02. The company has a debt-to-equity ratio of 63.66, a current ratio of 1.80 and a quick ratio of 0.79. The business’s 50-day simple moving average is C$8.26 and its 200 day simple moving average is C$8.67.

Insider Activity at VerticalScope

In related news, Director Rob Laidlaw sold 50,000 shares of the stock in a transaction on Thursday, August 22nd. The shares were sold at an average price of C$9.00, for a total value of C$450,000.00. In other VerticalScope news, Director Rob Laidlaw sold 50,000 shares of the company’s stock in a transaction on Thursday, August 22nd. The shares were sold at an average price of C$9.00, for a total value of C$450,000.00. Also, Senior Officer Christopher Michael Goodridge bought 5,000 shares of the business’s stock in a transaction dated Wednesday, September 11th. The shares were purchased at an average price of C$8.54 per share, for a total transaction of C$42,700.00. Insiders sold 79,900 shares of company stock valued at $727,906 over the last three months. 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.