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

VerticalScope (TSE:FORA) had its price objective decreased by stock analysts at National Bank Financial from C$4.25 to C$3.00 in a report released on Thursday, BayStreet reports. The firm presently has a “sector perform” rating on the stock. National Bank Financial‘s price target would indicate a potential upside of 38.89% from the company’s previous close.

Several other research firms have also recently issued reports on FORA. TD decreased 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 note on Thursday. Raymond James Financial dropped 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 report on Friday, August 14th. One equities research analyst has rated the stock with a Buy rating and four have issued a Hold rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Hold” and an average price target of C$3.45.

VerticalScope Stock Performance

FORA stock traded down C$0.05 during trading on Thursday, hitting C$2.16. 2,803 shares of the company traded hands, compared to its average volume of 12,546. VerticalScope has a 1 year low of C$2.04 and a 1 year high of C$3.49. The company has a market cap of C$47.17 million, a PE ratio of -6.00 and a beta of 0.83. The stock’s 50-day simple moving average is C$2.80 and its 200 day simple moving average is C$2.80. The company has a debt-to-equity ratio of 46.11, a current ratio of 1.65 and a quick ratio of 0.79.

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

About VerticalScope

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.