Zacks Investment Research Upgrades Verb Technology (NASDAQ:VERB) to “Buy”

Verb Technology (NASDAQ:VERB – Get Rating) was upgraded by Zacks Investment Research from a “hold” rating to a “buy” rating in a note issued to investors on Wednesday, Zacks.com reports. The brokerage presently has a $0.50 target price on the stock. Zacks Investment Research‘s price target suggests a potential upside of 2.23% from the stock’s previous close.

According to Zacks, “VERB Technology Company’s Software-as-a-Service, or SaaS, platform is based on its proprietary interactive video technology, and comprises a suite of sales enablement business software products offered on a subscription basis. Its software applications are available in over 60 countries and in more than 48 languages to large enterprise and small business sales teams that need affordable, easy-to-use, and quick-to-get-results sales tools. Available in both mobile and desktop versions, the applications are offered as a fully integrated suite, as well as on a standalone basis, and include verbCRM (Customer Relationship Management application), verbLIVE (Interactive Livestream eCommerce and Video Webinar application), verbTEAMS (a Self On-boarding version of verbCRM with built-in verbLIVE and Salesforce synchronization for small businesses and solo entrepreneurs), and verbLEARN (Learning Management System application). The Company has offices in California and Utah. “

A number of other equities research analysts have also recently commented on VERB. Alliance Global Partners lowered their price target on shares of Verb Technology to $2.25 and set a “na” rating on the stock in a report on Tuesday, May 17th. Ascendiant Capital Markets lowered their price target on shares of Verb Technology to $4.50 in a report on Friday, May 20th.

Shares of Verb Technology stock traded up $0.01 during mid-day trading on Wednesday, hitting $0.49. 212 shares of the stock were exchanged, compared to its average volume of 1,195,582. Verb Technology has a 12 month low of $0.29 and a 12 month high of $3.97. The company has a 50-day simple moving average of $0.71 and a 200 day simple moving average of $1.13. The company has a debt-to-equity ratio of 0.06, a quick ratio of 0.18 and a current ratio of 0.31. The company has a market capitalization of $49.61 million, a P/E ratio of -1.00 and a beta of 1.21.

Verb Technology (NASDAQ:VERB – Get Rating) last posted its earnings results on Thursday, March 31st. The company reported ($0.07) EPS for the quarter. Verb Technology had a negative return on equity of 232.32% and a negative net margin of 326.57%. The firm had revenue of $2.71 million for the quarter. During the same quarter in the prior year, the company posted ($0.29) earnings per share. Analysts predict that Verb Technology will post -0.17 EPS for the current year.

Several institutional investors and hedge funds have recently added to or reduced their stakes in VERB. Citadel Advisors LLC purchased a new position in shares of Verb Technology during the 2nd quarter valued at $57,000. Millennium Management LLC purchased a new position in shares of Verb Technology during the 2nd quarter valued at $561,000. BlackRock Inc. grew its position in shares of Verb Technology by 710.7% during the 3rd quarter. BlackRock Inc. now owns 1,422,245 shares of the company’s stock valued at $2,731,000 after purchasing an additional 1,246,820 shares in the last quarter. Geode Capital Management LLC grew its position in shares of Verb Technology by 36.9% during the 3rd quarter. Geode Capital Management LLC now owns 566,379 shares of the company’s stock valued at $1,087,000 after purchasing an additional 152,647 shares in the last quarter. Finally, GSA Capital Partners LLP purchased a new position in shares of Verb Technology during the 3rd quarter valued at $49,000. Hedge funds and other institutional investors own 7.29% of the company’s stock.

About Verb Technology (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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