National Bankshares Has Lowered Expectations for VerticalScope (TSE:FORA) Stock Price

VerticalScope (TSE:FORA) had its target price decreased by National Bankshares from C$6.50 to C$5.50 in a report issued on Thursday,BayStreet.CA reports. National Bankshares currently has a sector perform rating on the stock.

FORA has been the topic of a number of other reports. TD Securities reduced their price target on shares of VerticalScope from C$4.50 to C$4.00 and set a “hold” rating on the stock in a research report on Thursday. Canaccord Genuity Group lowered their target price on shares of VerticalScope from C$10.00 to C$6.00 and set a “speculative buy” rating on the stock in a research note on Thursday, May 22nd. Royal Bank Of Canada downgraded VerticalScope from an “outperform” rating to a “sector perform” rating and dropped their price objective for the stock from C$9.00 to C$6.00 in a research note on Thursday, May 22nd. Finally, CIBC cut their target price on shares of VerticalScope from C$6.00 to C$5.00 in a research note on Thursday, May 22nd. Four investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Hold” and an average target price of C$10.15.

VerticalScope Stock Down 0.3%

TSE FORA opened at C$3.42 on Thursday. The business has a 50 day moving average price of C$3.96 and a two-hundred day moving average price of C$6.64. The stock has a market cap of C$53.88 million, a PE ratio of 19.25 and a beta of -0.02. VerticalScope has a fifty-two week low of C$3.29 and a fifty-two week high of C$14.75. The company has a quick ratio of 0.79, a current ratio of 1.65 and a debt-to-equity ratio of 55.19.

Insiders Place Their Bets

In other VerticalScope news, Senior Officer Christopher Michael Goodridge purchased 25,000 shares of the company’s stock in a transaction that occurred on Thursday, June 5th. The stock was purchased at an average cost of C$4.00 per share, with a total value of C$100,000.00. 37.10% of the stock is owned by company insiders.

About VerticalScope

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.