Verb Technology (NASDAQ:VERB) Trading Up 5% After Insider Buying Activity

Verb Technology Company, Inc. (NASDAQ:VERB)’s share price was up 5% during mid-day trading on Wednesday following insider buying activity. The stock traded as high as $11.49 and last traded at $11.12. Approximately 74,939 shares changed hands during trading, a decline of 79% from the average daily volume of 358,236 shares. The stock had previously closed at $10.59.

Specifically, major shareholder Corsair Capital Management, L. acquired 13,700 shares of the firm’s stock in a transaction that occurred on Tuesday, October 22nd. The stock was purchased at an average cost of $10.71 per share, for a total transaction of $146,727.00. Following the purchase, the insider now directly owns 74,915 shares of the company’s stock, valued at $802,339.65. This trade represents a 0.00 % increase in their position. The acquisition was disclosed in a document filed with the SEC, which can be accessed through this link.

Wall Street Analyst Weigh In

Separately, Ascendiant Capital Markets decreased their price objective on Verb Technology from $900.00 to $800.00 and set a “buy” rating for the company in a report on Tuesday, September 3rd.

Verb Technology Trading Up 3.2 %

The firm’s 50-day simple moving average is $11.85 and its two-hundred day simple moving average is $21.19. The company has a debt-to-equity ratio of 0.01, a quick ratio of 4.52 and a current ratio of 4.52.

Verb Technology (NASDAQ:VERB) last released its earnings results 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. Verb Technology had a negative return on equity of 165.56% and a negative net margin of 11,568.63%. The firm had revenue of $0.04 million for the quarter. On average, equities research analysts expect that Verb Technology Company, Inc. will post -20 earnings per share for the current year.

Verb Technology Company Profile

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.