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

Verb Technology (NASDAQ:VERB) had its price objective cut by Ascendiant Capital Markets from $800.00 to $100.00 in a research report released on Monday morning,Benzinga reports. They currently have a buy rating on the stock.

Verb Technology Trading Up 0.1 %

NASDAQ VERB opened at $9.79 on Monday. The firm’s fifty day moving average price is $11.07 and its two-hundred day moving average price is $19.10. Verb Technology has a fifty-two week low of $5.05 and a fifty-two week high of $184.60. The company has a quick ratio of 4.52, a current ratio of 4.05 and a debt-to-equity ratio of 0.01.

Verb Technology (NASDAQ:VERB) last posted its earnings results on Wednesday, August 14th. The company reported ($4.00) earnings per share 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 net margin of 5,002.98% and a negative return on equity of 88.37%. As a group, sell-side analysts forecast that Verb Technology will post -20 earnings per share for the current year.

Insiders Place Their Bets

In other Verb Technology news, major shareholder Corsair Capital Management, L. acquired 13,700 shares of Verb Technology stock in a transaction that occurred on Tuesday, October 22nd. The shares were bought 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 $802,339.65. This trade represents a 0.00 % increase in their position. The acquisition was disclosed in a document filed with the SEC, which is available at the SEC website. Insiders own 0.55% of the company’s stock.

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.