VerticalScope (TSE:FORA) Price Target Cut to C$5.00 by Analysts at Raymond James Financial

VerticalScope (TSE:FORA) had its price target decreased by Raymond James Financial from C$7.50 to C$5.00 in a research note released on Wednesday morning,BayStreet.CA reports. Raymond James Financial currently has an outperform rating on the stock.

FORA has been the topic of several other research reports. Canadian Imperial Bank of Commerce boosted their price target on shares of VerticalScope from C$4.00 to C$4.50 in a report on Monday, November 10th. National Bank Financial dropped their price target on shares of VerticalScope from C$5.50 to C$4.50 and set a “sector perform” rating for the company in a research report on Wednesday, January 28th. Three investment analysts have rated the stock with a Buy rating and four have given a Hold rating to the stock. According to MarketBeat, VerticalScope currently has a consensus rating of “Hold” and a consensus target price of C$7.63.

VerticalScope Stock Up 13.2%

FORA stock opened at C$3.17 on Wednesday. VerticalScope has a twelve month low of C$2.40 and a twelve month high of C$12.33. The company has a quick ratio of 0.79, a current ratio of 2.27 and a debt-to-equity ratio of 59.23. The company has a market cap of C$68.19 million, a PE ratio of -13.21 and a beta of 0.68. The business’s 50-day simple moving average is C$2.94 and its 200 day simple moving average is C$3.17.

VerticalScope (TSE:FORA) last announced its quarterly earnings data on Tuesday, March 3rd. The company reported C($0.22) EPS for the quarter. The firm had revenue of C$20.22 million during the quarter. VerticalScope had a negative return on equity of 6.62% and a negative net margin of 8.44%. On average, research analysts anticipate that VerticalScope will post 0.3740942 earnings per share for the current year.

About VerticalScope

VerticalScope Holdings Inc is a technology company that operates a cloud-based digital community platform comprising hyper-focused apps, forums, marketplaces, editorial, and e-commerce rating and brand review websites.