Shares of Verb Technology Company, Inc. (NASDAQ:VERB - Get Free Report) traded down 3.9% during mid-day trading on Friday . The stock traded as low as $10.05 and last traded at $10.09. 26,556 shares changed hands during mid-day trading, a decline of 93% from the average session volume of 356,145 shares. The stock had previously closed at $10.50.
Analysts Set New Price Targets
Separately, Ascendiant Capital Markets lowered their price objective on shares of Verb Technology from $900.00 to $800.00 and set a "buy" rating for the company in a research report on Tuesday, September 3rd.
Check Out Our Latest Report on VERB
Verb Technology Price Performance
The company has a 50-day moving average of $11.80 and a 200-day moving average of $20.97. The company has a debt-to-equity ratio of 0.01, a current ratio of 4.52 and a quick ratio of 4.52.
Verb Technology (NASDAQ:VERB - Get Free Report) last released its quarterly earnings results on Wednesday, August 14th. The company reported ($4.00) earnings per share for the quarter, beating the consensus estimate of ($6.00) by $2.00. Verb Technology had a negative net margin of 11,568.63% and a negative return on equity of 165.56%. The company had revenue of $0.04 million during the quarter. Equities analysts forecast that Verb Technology Company, Inc. will post -20 EPS for the current year.
Insiders Place Their Bets
In other news, major shareholder Corsair Capital Management, L. bought 13,700 shares of the company's stock in a transaction that occurred on Tuesday, October 22nd. The shares were acquired at an average price of $10.71 per share, with a total value of $146,727.00. Following the transaction, the insider now owns 74,915 shares in the company, valued at $802,339.65. This represents a 0.00 % increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Corporate insiders own 6.70% 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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