Verb Technology (NASDAQ:VERB) Stock Price Down 8.1% – Here’s What Happened

Verb Technology Company, Inc. (NASDAQ:VERB)’s stock price fell 8.1% during trading on Thursday . The stock traded as low as $11.42 and last traded at $11.75. 64,868 shares changed hands during trading, a decline of 82% from the average session volume of 352,899 shares. The stock had previously closed at $12.79.

Wall Street Analyst Weigh In

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

Verb Technology Stock Down 10.6 %

The company has a quick ratio of 4.52, a current ratio of 4.52 and a debt-to-equity ratio of 0.01. The company has a 50 day moving average of $11.69 and a 200-day moving average of $20.36.

Verb Technology (NASDAQ:VERB) last issued its quarterly earnings results on Wednesday, August 14th. The company reported ($4.00) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($6.00) by $2.00. The business had revenue of $0.04 million for the quarter. Verb Technology had a negative return on equity of 165.56% and a negative net margin of 11,568.63%. On average, research analysts expect that Verb Technology Company, Inc. will post -20 EPS for the current fiscal year.

Insider Transactions at Verb Technology

In other Verb Technology news, major shareholder Corsair Capital Management, L. acquired 13,700 shares of the company’s stock in a transaction that occurred on Tuesday, October 22nd. The stock was acquired at an average cost of $10.71 per share, for a total transaction of $146,727.00. Following the transaction, the insider now directly 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 acquisition was disclosed in a legal filing with the SEC, which is available through this link. 6.70% of the stock is currently 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.