Verb Technology (NASDAQ:VERB) Price Target Cut to $100.00 by Analysts at Ascendiant Capital Markets

by · The Markets Daily

Verb Technology (NASDAQ:VERB – Get Free Report) had its target price reduced by stock analysts at Ascendiant Capital Markets from $800.00 to $100.00 in a report issued on Monday,Benzinga reports. The firm presently has a “buy” rating on the stock.

Verb Technology Stock Down 3.8 %

NASDAQ:VERB traded down $0.37 during trading hours on Monday, reaching $9.41. The company’s stock had a trading volume of 53,929 shares, compared to its average volume of 349,411. The firm has a 50-day simple moving average of $11.07 and a 200-day simple moving average of $19.10. The company has a debt-to-equity ratio of 0.01, a current ratio of 4.05 and a quick ratio of 4.52. Verb Technology has a 1 year low of $5.05 and a 1 year high of $184.60.

Verb Technology (NASDAQ:VERB – Get Free Report) last released its quarterly earnings data on Wednesday, August 14th. The company reported ($4.00) earnings per share for the quarter, topping the consensus estimate of ($6.00) by $2.00. Verb Technology had a negative return on equity of 88.37% and a negative net margin of 5,002.98%. The business had revenue of $0.04 million during the quarter. As a group, analysts forecast that Verb Technology will post -20 earnings per share for the current year.

Insider Activity

In related news, major shareholder Corsair Capital Management, L. acquired 13,700 shares of the firm’s stock in a transaction dated Tuesday, October 22nd. The stock was purchased at an average cost of $10.71 per share, with a total value of $146,727.00. Following the completion of the acquisition, the insider now directly owns 74,915 shares of the company’s stock, valued at approximately $802,339.65. This trade represents a 0.00 % increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which is accessible through the SEC website. Corporate insiders own 0.55% of the company’s stock.

About Verb Technology

(Get Free Report)

Verb Technology Company, Inc, through its subsidiaries, develops Software-as-a-Service applications platform. It offers MARKET.live, a livestream social shopping platform, that allows brands, retailers, and creators to broadcast shopping events on various social media channels, as well as services that range from production of livestream events to host and event consulting, and drop ship and creator programs.

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