Insider Buying: VerticalScope Holdings Inc. (TSE:FORA) Director Buys 61,225 Shares of Stock

VerticalScope Holdings Inc. (TSE:FORA) Director Rob Laidlaw purchased 61,225 shares of the business’s stock in a transaction dated Friday, April 11th. The shares were bought at an average price of C$4.90 per share, with a total value of C$300,002.50.

Rob Laidlaw also recently made the following trade(s):

• On Thursday, January 23rd, Rob Laidlaw sold 8,500 shares of VerticalScope stock. The shares were sold at an average price of C$12.62, for a total transaction of C$107,270.00.

VerticalScope Stock Down 1.1 %

FORA opened at C$4.58 on Wednesday. The company has a debt-to-equity ratio of 55.19, a quick ratio of 0.79 and a current ratio of 1.65. The company has a market cap of C$72.16 million, a price-to-earnings ratio of 25.78 and a beta of -0.02. VerticalScope Holdings Inc. has a one year low of C$4.50 and a one year high of C$14.75. The business’s fifty day moving average is C$10.26 and its two-hundred day moving average is C$9.88.

Analyst Ratings Changes

FORA has been the subject of several recent analyst reports. CIBC cut shares of VerticalScope from an “outperform” rating to a “neutral” rating and reduced their target price for the stock from C$17.00 to C$6.00 in a research note on Thursday, April 10th. Canaccord Genuity Group lowered their price objective on VerticalScope from C$17.00 to C$10.00 in a report on Wednesday, April 9th. Beacon Securities cut their target price on VerticalScope from C$19.50 to C$12.00 and set a “buy” rating for the company in a research note on Wednesday, April 9th. Royal Bank of Canada lifted their price target on VerticalScope from C$16.00 to C$17.00 in a research note on Thursday, January 30th. Finally, Raymond James cut their price objective on VerticalScope from C$14.50 to C$9.00 in a research report on Wednesday, April 9th. Two analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of C$12.90.

About VerticalScope

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.