VerticalScope (TSE:FORA) Sets New 12-Month High – Time to Buy?

VerticalScope Holdings Inc. (TSE:FORA)’s stock price reached a new 52-week high during mid-day trading on Monday . The stock traded as high as C$11.08 and last traded at C$11.03, with a volume of 18415 shares traded. The stock had previously closed at C$10.82.

Analyst Ratings Changes

Several analysts recently issued reports on the company. Royal Bank of Canada increased their target price on VerticalScope from C$15.00 to C$16.00 in a research report on Thursday, November 14th. Canaccord Genuity Group increased their target price on VerticalScope from C$14.00 to C$17.00 in a research report on Thursday, November 14th. National Bankshares increased their price target on VerticalScope from C$11.50 to C$13.00 in a research note on Thursday, November 14th. Eight Capital increased their price target on VerticalScope from C$15.00 to C$18.00 in a research note on Monday, December 2nd. Finally, Raymond James increased their price target on VerticalScope from C$11.50 to C$13.00 in a research note on Wednesday, November 13th.

VerticalScope Price Performance

The firm has a market capitalization of C$204.63 million, a P/E ratio of 161.86 and a beta of -0.02. The firm has a 50 day moving average price of C$8.56 and a 200-day moving average price of C$8.79. The company has a current ratio of 1.80, a quick ratio of 0.79 and a debt-to-equity ratio of 63.66.

Insider Activity

In other VerticalScope news, Senior Officer Christopher Michael Goodridge purchased 12,500 shares of the firm’s stock in a transaction that occurred on Friday, November 15th. The stock was purchased at an average cost of C$8.70 per share, with a total value of C$108,750.00. Also, Director Rob Laidlaw sold 29,500 shares of the firm’s stock in a transaction that occurred on Monday, September 23rd. The stock was sold at an average price of C$9.30, for a total value of C$274,350.00. 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.