VerticalScope (TSE:FORA) Sets New 1-Year High – Still a Buy?

VerticalScope Holdings Inc. (TSE:FORA) hit a new 52-week high during mid-day trading on Tuesday . The company traded as high as C$14.75 and last traded at C$14.60, with a volume of 52123 shares changing hands. The stock had previously closed at C$13.93.

Analyst Ratings Changes

FORA has been the subject of a number of analyst reports. Eight Capital boosted their price objective on shares of VerticalScope from C$15.00 to C$18.00 in a report on Monday, December 2nd. Raymond James boosted their price objective on shares of VerticalScope from C$11.50 to C$13.00 in a report on Wednesday, November 13th. CIBC boosted their price objective on shares of VerticalScope from C$10.00 to C$17.00 in a report on Monday, February 10th. Canaccord Genuity Group upped their price target on shares of VerticalScope from C$14.00 to C$17.00 in a report on Thursday, November 14th. Finally, TD Securities upped their price target on shares of VerticalScope from C$16.00 to C$17.00 and gave the company a “buy” rating in a report on Thursday, November 14th.

VerticalScope Stock Performance

The stock’s 50-day moving average price is C$11.45 and its 200 day moving average price is C$9.63. The company has a debt-to-equity ratio of 55.19, a current ratio of 1.65 and a quick ratio of 0.79. The firm has a market cap of C$228.45 million, a P/E ratio of 81.63 and a beta of -0.02.

Insider Transactions at VerticalScope

In other VerticalScope news, Senior Officer Brandon Seibel sold 12,500 shares of the company’s stock in a transaction on Monday, January 20th. The shares were sold at an average price of C$11.00, for a total transaction of C$137,500.00. Also, Director Rob Laidlaw sold 3,300 shares of the company’s stock in a transaction on Wednesday, January 8th. The stock was sold at an average price of C$10.76, for a total transaction of C$35,501.40. Insiders have sold a total of 26,400 shares of company stock valued at $304,926 over the last 90 days. 37.10% of the stock is owned by corporate insiders.

VerticalScope Company Profile

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.