Insider Buying: Verb Technology Company, Inc. (NASDAQ:VERB) Major Shareholder Purchases 13,700 Shares of Stock

Verb Technology Company, Inc. (NASDAQ:VERB) major shareholder Corsair Capital Management, L. purchased 13,700 shares of the firm’s stock in a transaction on Tuesday, October 22nd. The stock was bought 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 $802,339.65. This trade represents a 0.00 % increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Large shareholders that own at least 10% of a company’s stock are required to disclose their sales and purchases with the SEC.

Verb Technology Stock Down 4.2 %

Shares of NASDAQ:VERB opened at $10.50 on Friday. Verb Technology Company, Inc. has a 12-month low of $5.05 and a 12-month high of $184.60. The business has a 50 day moving average of $11.85 and a two-hundred day moving average of $21.19. 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) last announced its quarterly earnings results on Wednesday, August 14th. The company reported ($4.00) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($6.00) by $2.00. Verb Technology had a negative return on equity of 165.56% and a negative net margin of 11,568.63%. The company had revenue of $0.04 million during the quarter. As a group, research analysts expect that Verb Technology Company, Inc. will post -20 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Separately, Ascendiant Capital Markets decreased their price target on Verb Technology from $900.00 to $800.00 and set a “buy” rating for the company in a report on Tuesday, September 3rd.

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.