Verb Technology (NASDAQ:VERB) Given New $100.00 Price Target at Ascendiant Capital Markets

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

Verb Technology Stock Down 4.8 %

Shares of Verb Technology stock opened at $9.32 on Monday. Verb Technology has a one year low of $5.05 and a one year 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. The business’s 50 day simple moving average is $10.98 and its two-hundred day simple moving average is $18.94.

Verb Technology (NASDAQ:VERB) last posted its quarterly earnings results on Wednesday, August 14th. The company reported ($4.00) EPS for the quarter, beating analysts’ consensus estimates of ($6.00) by $2.00. The company 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%. Analysts anticipate that Verb Technology will post -20 EPS for the current year.

Insider Transactions at Verb Technology

In other Verb Technology news, major shareholder Corsair Capital Management, L. purchased 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, 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 filing with the Securities & Exchange Commission, which is available at this link. 0.55% of the stock is currently 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.