Rob Laidlaw Acquires 61,225 Shares of VerticalScope Holdings Inc. (TSE:FORA) Stock

VerticalScope Holdings Inc. (TSE:FORA) Director Rob Laidlaw bought 61,225 shares of the business’s stock in a transaction that occurred on Friday, April 11th. The shares were purchased at an average price of C$4.90 per share, for a total transaction of C$300,002.50.

Rob Laidlaw also recently made the following trade(s):

• On Thursday, January 23rd, Rob Laidlaw sold 8,500 shares of VerticalScope stock. The stock was sold at an average price of C$12.62, for a total transaction of C$107,270.00.

VerticalScope Stock Performance

Shares of VerticalScope stock opened at C$4.58 on Wednesday. The firm’s fifty day simple moving average is C$10.26 and its 200-day simple moving average is C$9.88. VerticalScope Holdings Inc. has a 12 month low of C$4.50 and a 12 month high of C$14.75. The stock has a market capitalization of C$72.16 million, a price-to-earnings ratio of 25.78 and a beta of -0.02. The company has a debt-to-equity ratio of 55.19, a current ratio of 1.65 and a quick ratio of 0.79.

Analysts Set New Price Targets

A number of brokerages recently commented on FORA. Raymond James lowered their target price on shares of VerticalScope from C$14.50 to C$9.00 in a research note on Wednesday, April 9th. Cormark increased their price objective on VerticalScope from C$14.00 to C$19.00 in a report on Friday, March 14th. Royal Bank of Canada boosted their target price on VerticalScope from C$16.00 to C$17.00 in a research note on Thursday, January 30th. CIBC lowered shares of VerticalScope from an “outperform” rating to a “neutral” rating and dropped their price target for the company from C$17.00 to C$6.00 in a research note on Thursday, April 10th. Finally, Beacon Securities reduced their price objective on shares of VerticalScope from C$19.50 to C$12.00 and set a “buy” rating for the company in a research report on Wednesday, April 9th. Two equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of C$12.90.

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.