Verb Technology (NASDAQ:VERB) Shares Up 6% - Still a Buy?

Shares of Verb Technology Company, Inc. (NASDAQ:VERB - Get Free Report) shot up 6% during trading on Tuesday . The stock traded as high as $13.49 and last traded at $13.34. 89,365 shares traded hands during mid-day trading, a decline of 75% from the average session volume of 355,049 shares. The stock had previously closed at $12.58.

Wall Street Analysts Forecast Growth

Separately, Ascendiant Capital Markets cut their price target on Verb Technology from $900.00 to $800.00 and set a "buy" rating on the stock in a report on Tuesday, September 3rd.

Verb Technology Trading Up 4.1 %

The business has a fifty day simple moving average of $11.76 and a 200-day simple moving average of $20.58. The company has a current ratio of 4.52, a quick ratio of 4.52 and a debt-to-equity ratio of 0.01.

Verb Technology (NASDAQ:VERB - Get Free Report) last posted its quarterly earnings results on Wednesday, August 14th. The company reported ($4.00) earnings per share (EPS) for the quarter, topping analysts' consensus estimates of ($6.00) by $2.00. The firm had revenue of $0.04 million for the quarter. Verb Technology had a negative return on equity of 165.56% and a negative net margin of 11,568.63%. As a group, sell-side analysts forecast that Verb Technology Company, Inc. will post -20 EPS for the current year.

Insider Buying and Selling

In other news, major shareholder Corsair Capital Management, L. bought 13,700 shares of the business's stock in a transaction that occurred on Tuesday, October 22nd. The shares were bought at an average cost of $10.71 per share, for a total transaction of $146,727.00. Following the acquisition, the insider now directly owns 74,915 shares in the company, valued at approximately $802,339.65. This trade represents a 0.00 % increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 6.70% of the stock is owned by company insiders.

About Verb Technology

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.