Verb Technology Company, Inc. (NASDAQ:VERB) Major Shareholder Buys $146,727.00 in Stock

Verb Technology Company, Inc. (NASDAQ:VERB) major shareholder Corsair Capital Management, L. bought 13,700 shares of the stock in a transaction dated Tuesday, October 22nd. The stock was purchased at an average cost of $10.71 per share, with a total value of $146,727.00. Following the completion of the purchase, 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 position. The purchase was disclosed in a legal filing with the SEC, which is available through the SEC website. Major shareholders that own at least 10% of a company’s shares are required to disclose their sales and purchases with the SEC.

Verb Technology Price Performance

Shares of VERB traded up $0.37 on Wednesday, reaching $10.96. 133,463 shares of the company’s stock were exchanged, compared to its average volume of 358,521. The business has a 50 day moving average price of $11.91 and a two-hundred day moving average price of $21.26. Verb Technology Company, Inc. has a 12 month low of $5.05 and a 12 month high of $184.60. The company has a current ratio of 4.52, a quick ratio of 4.52 and a debt-to-equity ratio of 0.01.

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

Analyst Ratings Changes

Separately, Ascendiant Capital Markets lowered their price objective on Verb Technology from $900.00 to $800.00 and set a “buy” rating for the company in a research 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.