Ascendiant Capital Markets Issues Pessimistic Forecast for Verb Technology (NASDAQ:VERB) Stock Price

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

Verb Technology Stock Down 10.5 %

VERB stock opened at $7.40 on Monday. The company has a current ratio of 4.05, a quick ratio of 4.05 and a debt-to-equity ratio of 0.01. The firm has a 50 day moving average price of $10.73 and a 200-day moving average price of $18.72. Verb Technology has a 52-week low of $5.05 and a 52-week high of $184.60.

Verb Technology (NASDAQ:VERB) last announced its quarterly earnings data 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 88.37% and a negative net margin of 5,002.98%. The business had revenue of $0.04 million during the quarter. As a group, research analysts forecast that Verb Technology will post -20 EPS for the current year.

Insider Buying and Selling

In other news, major shareholder Corsair Capital Management, L. acquired 13,700 shares of the firm’s stock in a transaction that occurred on Tuesday, October 22nd. The stock was bought at an average cost 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. The trade was a 22.38 % increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which can be accessed through this link. 0.55% of the stock is currently owned by company 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.