VerticalScope (TSE:FORA) Price Target Lowered to C$4.25 at National Bank Financial

VerticalScope (TSE:FORA) had its price target lowered by National Bank Financial from C$4.50 to C$4.25 in a research report issued on Friday,BayStreet.CA reports. The brokerage currently has a “sector perform” rating on the stock. National Bank Financial’s price target would indicate a potential upside of 59.77% from the company’s current price.

A number of other brokerages have also recently commented on FORA. TD Securities reduced their target price on shares of VerticalScope from C$4.00 to C$3.00 and set a “hold” rating for the company in a report on Thursday, March 5th. Raymond James Financial reduced their target price on shares of VerticalScope from C$7.50 to C$5.00 and set an “outperform” rating for the company in a report on Wednesday, March 4th. Two analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company’s stock. According to data from MarketBeat, VerticalScope currently has a consensus rating of “Hold” and a consensus target price of C$4.63.

VerticalScope Price Performance

VerticalScope stock remained flat at C$2.66 during midday trading on Friday. 7,451 shares of the company were exchanged, compared to its average volume of 11,555. The stock has a market cap of C$57.67 million, a price-to-earnings ratio of -7.19 and a beta of 0.33. The company’s 50 day simple moving average is C$2.90 and its 200 day simple moving average is C$3.02. VerticalScope has a 12 month low of C$2.40 and a 12 month high of C$4.75. The company has a debt-to-equity ratio of 60.61, a current ratio of 2.62 and a quick ratio of 0.79.

VerticalScope (TSE:FORA) last issued its quarterly earnings data on Tuesday, May 12th. The company reported C($0.19) earnings per share for the quarter. The company had revenue of C$16.07 million for the quarter. VerticalScope had a negative net margin of 13.83% and a negative return on equity of 10.35%. As a group, equities analysts forecast that VerticalScope will post 0.3740942 EPS for the current year.

VerticalScope Company Profile

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.