Verb Technology Company, Inc. (NASDAQ:VERB) Major Shareholder Corsair Capital Management, L. Acquires 13,700 Shares

Verb Technology Company, Inc. (NASDAQ:VERB) major shareholder Corsair Capital Management, L. acquired 13,700 shares of the business’s stock in a transaction on Tuesday, October 22nd. The shares were bought at an average cost of $10.71 per share, with a total value of $146,727.00. Following the completion of the acquisition, the insider now owns 74,915 shares of the company’s stock, valued at approximately $802,339.65. This trade represents a 0.00 % increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Major shareholders that own more than 10% of a company’s shares are required to disclose their transactions with the SEC.

Verb Technology Price Performance

Shares of VERB traded up $0.37 on Wednesday, hitting $10.96. The company’s stock had a trading volume of 133,463 shares, compared to its average volume of 358,521. Verb Technology Company, Inc. has a fifty-two week low of $5.05 and a fifty-two week high of $184.60. The company has a 50 day moving average price of $11.91 and a 200 day moving average price of $21.26. The company has a quick ratio of 4.52, a current ratio of 4.52 and a debt-to-equity ratio of 0.01.

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

Analyst Upgrades and Downgrades

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