VerticalScope Holdings Inc. (FORA.TO) – What Are Researchers Saying About This Stock?

VerticalScope Holdings Inc. (TSE:FORA) has been assigned an average rating of “Hold” from the six research firms that are covering the company, Marketbeat.com reports. Five analysts have rated the stock with a hold recommendation and one has assigned a buy recommendation to the company. The average 1 year price objective among analysts that have updated their coverage on the stock in the last year is C$3.38.

A number of equities analysts have issued reports on the stock. National Bank Financial reduced their price objective on shares of VerticalScope from C$4.25 to C$3.00 and set a “sector perform” rating on the stock in a research note on Thursday. TD dropped their target price on shares of VerticalScope from C$3.00 to C$2.25 and set a “hold” rating for the company in a research report on Thursday. ATB Cormark Capital Markets downgraded VerticalScope from a “speculative buy” rating to a “sector perform” rating and cut their price target for the company from C$5.00 to C$3.00 in a research note on Friday. Finally, Raymond James Financial cut 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.

VerticalScope Trading Up 0.9%

TSE:FORA traded up C$0.02 during trading hours on Friday, hitting C$2.18. 5,810 shares of the stock were exchanged, compared to its average volume of 12,514. The company has a market capitalization of C$47.60 million, a P/E ratio of -6.06 and a beta of 0.83. The company has a quick ratio of 0.79, a current ratio of 1.65 and a debt-to-equity ratio of 46.11. The company’s 50 day moving average is C$2.79 and its two-hundred day moving average is C$2.80. VerticalScope has a twelve month low of C$2.04 and a twelve month 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 company had revenue of C$18.66 million during the quarter. VerticalScope had a negative return on equity of 10.41% and a negative net margin of 14.06%. On average, sell-side analysts anticipate 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.