VerticalScope Holdings Inc. (TSE:FORA) Director Acquires C$77,258.00 in Stock

VerticalScope Holdings Inc. (TSE:FORA) Director Rob Laidlaw bought 10,000 shares of the firm’s stock in a transaction that occurred on Monday, October 21st. The stock was purchased at an average cost of C$7.73 per share, for a total transaction of C$77,258.00.

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

• On Monday, September 23rd, Rob Laidlaw sold 29,500 shares of VerticalScope stock. The stock was sold at an average price of C$9.30, for a total transaction of C$274,350.00.
• On Thursday, August 22nd, Rob Laidlaw sold 50,000 shares of VerticalScope stock. The stock was sold at an average price of C$9.00, for a total transaction of C$450,000.00.

VerticalScope Stock Up 2.3 %

VerticalScope stock traded up C$0.17 during trading hours on Monday, hitting C$7.72. 15,500 shares of the stock traded hands, compared to its average volume of 21,939. VerticalScope Holdings Inc. has a one year low of C$4.00 and a one year high of C$11.00. The firm’s 50-day moving average price is C$8.64 and its two-hundred day moving average price is C$8.60. The company has a current ratio of 1.80, a quick ratio of 0.79 and a debt-to-equity ratio of 63.66. The company has a market cap of C$143.75 million, a PE ratio of 107.71 and a beta of -0.02.

Wall Street Analysts Forecast Growth

FORA has been the subject of a number of recent analyst reports. TD Securities upped their price target on VerticalScope from C$15.00 to C$16.00 in a research report on Friday, August 9th. CIBC downgraded VerticalScope from an “outperform” rating to a “neutral” rating and decreased their target price for the company from C$12.00 to C$9.00 in a report on Tuesday, October 15th.

About VerticalScope

VerticalScope Holdings Inc, a technology company, operates a cloud-based digital community platform for online enthusiast communities in the United States, Canada, the United Kingdom, and internationally. The company provides digital advertising services comprising direct advertising campaigns serve primarily in original equipment manufacturers, retailers, and insurance providers; programmatic advertising which includes the monetization of display and video impressions, and private marketplace and programmatic guaranteed advertising; and custom content solutions that manages and produces branded content for advertisers, including product reviews, articles, e-mail features, and short videos; and provides e-commerce solutions.