Verb Technology (NASDAQ:VERB) Trading Down 12.8% – Here’s What Happened

Verb Technology Company, Inc. (NASDAQ:VERB)’s stock price was down 12.8% during trading on Monday . The company traded as low as $7.00 and last traded at $7.11. Approximately 32,181 shares were traded during mid-day trading, a decline of 89% from the average daily volume of 296,389 shares. The stock had previously closed at $8.15.

Analysts Set New Price Targets

A number of equities research analysts have commented on VERB shares. Ascendiant Capital Markets lifted their target price on Verb Technology from $60.00 to $62.00 and gave the company a “buy” rating in a research report on Friday, May 30th. Wall Street Zen upgraded Verb Technology to a “hold” rating in a research report on Friday, June 6th.

Verb Technology Stock Down 12.8%

The company has a market cap of $10.10 million, a PE ratio of -0.57 and a beta of 0.81. The stock has a 50-day simple moving average of $6.74 and a 200 day simple moving average of $5.86.

Verb Technology (NASDAQ:VERB) last posted its quarterly earnings data on Tuesday, May 13th. The company reported ($2.51) earnings per share (EPS) for the quarter, beating the consensus estimate of ($3.14) by $0.63. The firm had revenue of $1.31 million for the quarter, compared to the consensus estimate of $0.10 million. Verb Technology had a negative return on equity of 58.56% and a negative net margin of 430.83%. As a group, research analysts anticipate that Verb Technology Company, Inc. will post -17.56 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Verb Technology

A hedge fund recently bought a new stake in Verb Technology stock. SBI Securities Co. Ltd. acquired a new stake in Verb Technology Company, Inc. (NASDAQ:VERB) during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund acquired 5,538 shares of the company’s stock, valued at approximately $36,000. SBI Securities Co. Ltd. owned 0.56% of Verb Technology at the end of the most recent quarter. Institutional investors and hedge funds own 7.24% of the company’s stock.

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.