Verb Technology (NASDAQ:VERB) Price Target Lowered to $2.25 at Alliance Global Partners

Verb Technology (NASDAQ:VERBGet Rating) had its price objective lowered by investment analysts at Alliance Global Partners to $2.25 in a research note issued on Tuesday, Stock Target Advisor reports. The firm currently has a “na” rating on the stock. Alliance Global Partners’ target price would suggest a potential upside of 458.87% from the stock’s current price.

Separately, Zacks Investment Research raised Verb Technology from a “hold” rating to a “buy” rating and set a $0.75 price target for the company in a research note on Thursday, April 21st.

NASDAQ:VERB traded up $0.07 during trading hours on Tuesday, hitting $0.40. 68,789 shares of the company’s stock traded hands, compared to its average volume of 1,617,879. The firm has a market cap of $34.82 million, a P/E ratio of -0.73 and a beta of 1.21. Verb Technology has a 52 week low of $0.29 and a 52 week high of $3.97. The business’s fifty day simple moving average is $0.77 and its two-hundred day simple moving average is $1.19. The company has a quick ratio of 0.18, a current ratio of 0.18 and a debt-to-equity ratio of 0.07.

Verb Technology (NASDAQ:VERBGet Rating) last posted its quarterly earnings data on Thursday, March 31st. The company reported ($0.07) earnings per share (EPS) for the quarter. The business had revenue of $2.71 million for the quarter. Verb Technology had a negative net margin of 345.55% and a negative return on equity of 214.48%. During the same period last year, the company earned ($0.29) earnings per share. On average, analysts expect that Verb Technology will post -0.17 EPS for the current year.

Hedge funds have recently modified their holdings of the business. Geode Capital Management LLC lifted its stake in Verb Technology by 36.9% during the third quarter. Geode Capital Management LLC now owns 566,379 shares of the company’s stock worth $1,087,000 after purchasing an additional 152,647 shares during the last quarter. GSA Capital Partners LLP bought a new stake in Verb Technology during the third quarter worth about $49,000. BlackRock Inc. lifted its stake in Verb Technology by 710.7% during the third quarter. BlackRock Inc. now owns 1,422,245 shares of the company’s stock worth $2,731,000 after purchasing an additional 1,246,820 shares during the last quarter. Millennium Management LLC bought a new stake in Verb Technology during the second quarter worth about $561,000. Finally, Bank of New York Mellon Corp bought a new stake in shares of Verb Technology in the 3rd quarter valued at about $274,000. 7.29% of the stock is owned by hedge funds and other institutional investors.

Verb Technology Company Profile (Get Rating)

Verb Technology Company, Inc develops Software-as-a-Service applications platform in the United States, Japan, and internationally. It offers verbCRM, a customer relationship management (CRM) application; verbTEAMS, a CRM application for small and medium-sized businesses and solopreneurs; verbLEARN, a learning management system application that incorporates clickable in-video technology featured in its verbCRM application; and verbLIVE, a live eCommerce application.

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