VerticalScope (TSE:FORA) Stock Gets Price Target Trim from TD

VerticalScope (TSE:FORA) had its price objective cut by TD from C$3.00 to C$2.25 in a research note published on Thursday morning,BayStreet reports. They currently have a hold rating on the stock.

Separately, Raymond James Financial reduced their price target on VerticalScope from C$5.00 to C$4.00 and set an “outperform” rating on the stock in a research note on Friday, August 14th. One analyst has rated the stock with a Buy rating and five have assigned a Hold rating to the company. According to data from MarketBeat, the stock has an average rating of “Hold” and an average price target of C$3.38.

VerticalScope Trading Up 0.9%

Shares of FORA traded up C$0.02 on Thursday, hitting C$2.18. 5,810 shares of the stock traded hands, compared to its average volume of 12,514. The company has a quick ratio of 0.79, a current ratio of 1.80 and a debt-to-equity ratio of 47.10. The firm has a market capitalization of C$47.60 million, a P/E ratio of -6.06 and a beta of 0.83. The stock’s 50 day moving average is C$2.77 and its two-hundred day moving average is C$2.79. VerticalScope has a 1 year low of C$2.04 and a 1 year high of C$3.49.

VerticalScope (TSE:FORA) last released its earnings results on Tuesday, November 10th. The company reported C$0.01 EPS for the quarter. The firm had revenue of C$18.66 million during the quarter. VerticalScope had a negative net margin of 13.42% and a negative return on equity of 9.82%. As a group, sell-side analysts predict that VerticalScope will post 0.37 earnings per share for the current year.

VerticalScope Company Profile

Founded in 1999 and headquartered in Toronto, Ontario, 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. Through targeted acquisitions and development, VerticalScope has built a portfolio of over 1,200 online communities and approximately 100 million monthly active users.