VerticalScope (TSE:FORA) Stock Price Target Cut by TD

VerticalScope (TSE:FORA) had its price target cut by equities researchers at TD from C$3.00 to C$2.25 in a research note issued on Thursday, BayStreet reports. The firm currently has a “hold” rating on the stock. TD‘s price objective indicates a potential upside of 4.17% from the company’s current price.

Separately, Raymond James Financial cut their price target on shares of 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. One analyst has rated the stock with a Buy rating and four have assigned a Hold rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price of C$3.45.

VerticalScope Trading Down 2.3%

Shares of TSE FORA traded down C$0.05 during trading on Thursday, reaching C$2.16. The stock had a trading volume of 2,803 shares, compared to its average volume of 12,546. The company has a debt-to-equity ratio of 46.11, a quick ratio of 0.79 and a current ratio of 1.65. The company has a market cap of C$47.17 million, a P/E ratio of -6.00 and a beta of 0.83. VerticalScope has a fifty-two week low of C$2.04 and a fifty-two week high of C$3.49. The business’s 50-day moving average price is C$2.80 and its 200-day moving average price is C$2.80.

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