Ascendiant Capital Markets Lowers Verb Technology (NASDAQ:VERB) Price Target to $100.00

Verb Technology (NASDAQ:VERB) had its target price reduced by research analysts at Ascendiant Capital Markets from $800.00 to $100.00 in a note issued to investors on Monday,Benzinga reports. The brokerage currently has a “buy” rating on the stock.

Verb Technology Stock Performance

Shares of VERB opened at $9.32 on Monday. Verb Technology has a 12-month low of $5.05 and a 12-month high of $184.60. The company has a current ratio of 4.05, a quick ratio of 4.52 and a debt-to-equity ratio of 0.01. The stock has a 50-day moving average price of $10.98 and a 200-day moving average price of $18.94.

Verb Technology (NASDAQ:VERB) last announced its earnings results on Wednesday, August 14th. The company reported ($4.00) earnings per share (EPS) for the quarter, beating the consensus estimate of ($6.00) by $2.00. The business had revenue of $0.04 million during the quarter. Verb Technology had a negative net margin of 5,002.98% and a negative return on equity of 88.37%. Equities analysts expect that Verb Technology will post -20 earnings per share for the current year.

Insider Activity at Verb Technology

In other news, major shareholder Corsair Capital Management, L. purchased 13,700 shares of the company’s stock in a transaction on Tuesday, October 22nd. The stock was purchased at an average price of $10.71 per share, with a total value of $146,727.00. Following the completion of the purchase, 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 position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. 0.55% of the stock is owned by insiders.

Verb Technology Company Profile

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.