VerticalScope (TSE:FORA) Given New C$3.00 Price Target at TD Securities

VerticalScope (TSE:FORA) had its target price lowered by TD Securities from C$4.00 to C$3.00 in a report issued on Thursday,BayStreet.CA reports. The brokerage currently has a hold rating on the stock.

Several other research analysts have also weighed in on FORA. Canadian Imperial Bank of Commerce raised their price objective on shares of VerticalScope from C$4.00 to C$4.50 in a report on Monday, November 10th. Raymond James Financial decreased their price target on VerticalScope from C$7.50 to C$5.00 and set an “outperform” rating for the company in a research note on Wednesday. Finally, National Bank Financial lowered their price objective on VerticalScope from C$5.50 to C$4.50 and set a “sector perform” rating for the company in a report on Wednesday, January 28th. Three research analysts have rated the stock with a Buy rating and four have given a Hold rating to the company. According to data from MarketBeat, VerticalScope currently has an average rating of “Hold” and a consensus price target of C$7.50.

VerticalScope Price Performance

FORA stock opened at C$3.15 on Thursday. The stock’s 50 day moving average is C$2.94 and its two-hundred day moving average is C$3.17. VerticalScope has a 52-week low of C$2.40 and a 52-week high of C$11.75. The company has a market capitalization of C$67.76 million, a PE ratio of -13.13 and a beta of 0.68. The company has a quick ratio of 0.79, a current ratio of 2.27 and a debt-to-equity ratio of 59.23.

VerticalScope (TSE:FORA) last released its quarterly earnings results on Tuesday, March 3rd. The company reported C($0.22) earnings per share for the quarter. The company had revenue of C$20.22 million for the quarter. VerticalScope had a negative return on equity of 6.62% and a negative net margin of 8.44%. Analysts predict that VerticalScope will post 0.3740942 earnings per share for the current fiscal 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.