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

VerticalScope (TSE:FORA) had its target price reduced by National Bank Financial from C$4.25 to C$3.00 in a research note issued to investors on Thursday, BayStreet reports. The brokerage presently has a “sector perform” rating on the stock. National Bank Financial‘s price target suggests a potential upside of 38.89% from the stock’s current price.

Several other research firms have also recently issued reports on FORA. TD lowered their price objective on VerticalScope from C$3.00 to C$2.25 and set a “hold” rating on the stock in a report on Thursday. Raymond James Financial reduced their target price on VerticalScope from C$5.00 to C$4.00 and set an “outperform” rating for the company in a report on Friday, August 14th. One investment analyst has rated the stock with a Buy rating and four have given a Hold rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target of C$3.45.

VerticalScope Price Performance

FORA traded down C$0.05 during midday trading on Thursday, hitting C$2.16. 2,803 shares of the company traded hands, compared to its average volume of 12,546. The company has a current ratio of 1.65, a quick ratio of 0.79 and a debt-to-equity ratio of 46.11. The company has a market capitalization of C$47.17 million, a price-to-earnings ratio of -6.00 and a beta of 0.83. VerticalScope has a 52-week low of C$2.04 and a 52-week high of C$3.49. The business has a 50 day simple moving average of C$2.80 and a two-hundred day simple moving average of C$2.80.

VerticalScope (TSE:FORA) last announced its earnings results on Tuesday, November 10th. The company reported C$0.01 earnings per share (EPS) for the quarter. The business had revenue of C$18.66 million for the quarter. VerticalScope had a negative net margin of 14.06% and a negative return on equity of 10.41%. On average, equities analysts forecast that VerticalScope will post 0.37 earnings per share for the current fiscal 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.