Verb Technology (NASDAQ:VERB) Earns Buy Rating from Analysts at Alliance Global Partners

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Alliance Global Partners assumed coverage on shares of Verb Technology (NASDAQ:VERB) in a research note published on Tuesday, BenzingaRatingsTable reports. The firm issued a buy rating and a $3.50 price target on the stock.

Shares of Verb Technology stock opened at $1.12 on Tuesday. Verb Technology has a fifty-two week low of $1.12 and a fifty-two week high of $18.71. The company has a quick ratio of 0.40, a current ratio of 0.43 and a debt-to-equity ratio of 0.11. The stock has a 50 day simple moving average of $1.87.

Verb Technology (NASDAQ:VERB) last issued its quarterly earnings data on Thursday, August 15th. The company reported ($0.01) earnings per share for the quarter. The business had revenue of $3.73 million during the quarter. Verb Technology had a negative return on equity of 816.37% and a negative net margin of 286.22%.

A number of institutional investors have recently modified their holdings of VERB. Cannell Peter B & Co. Inc. purchased a new position in Verb Technology during the 2nd quarter valued at approximately $37,000. B. Riley Financial Inc. bought a new stake in shares of Verb Technology in the 2nd quarter valued at approximately $101,000. Finally, Verition Fund Management LLC bought a new stake in shares of Verb Technology in the 2nd quarter valued at approximately $554,000. Institutional investors own 1.38% of the company’s stock.

About Verb Technology

Verb Technology Company, Inc provides cloud-based business software products under the Tagg brand name. The company's flagship product is TaggCRM, a customer relationship management application that allows its users to create, distribute, and post interactive videos that contain on-screen clickable Taggs, which are interactive icons, buttons, and other on-screen elements that when clicked allow their prospects and customers to respond to its users' call to action in real-time, in the video, while the video is playing, without leaving or stopping the video.

Further Reading: What is a Buy-Side Analyst?

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