Verb Technology (NASDAQ:VERB – Get Rating) was downgraded by Zacks Investment Research from a “buy” rating to a “hold” rating in a research note issued to investors on Saturday, Zacks.com reports.
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. “
VERB has been the topic of several other reports. Alliance Global Partners cut their price target on shares of Verb Technology to $2.25 and set a “na” rating on the stock in a research note on Tuesday. Ascendiant Capital Markets cut their price target on shares of Verb Technology to $4.50 in a research note on Friday.
Shares of VERB opened at $0.53 on Friday. Verb Technology has a twelve month low of $0.29 and a twelve month high of $3.97. The firm’s fifty day simple moving average is $0.73 and its 200-day simple moving average is $1.16. The firm has a market capitalization of $53.76 million, a price-to-earnings ratio of -1.08 and a beta of 1.21. The company has a current ratio of 0.31, a quick ratio of 0.18 and a debt-to-equity ratio of 0.06.
Verb Technology (NASDAQ:VERB – Get Rating) last announced its quarterly 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 company had revenue of $2.71 million for the quarter. During the same quarter in the prior year, the company earned ($0.29) EPS. On average, analysts predict that Verb Technology will post -0.17 earnings per share for the current fiscal year.
Institutional investors have recently modified their holdings of the business. Geode Capital Management LLC grew its position in Verb Technology by 36.9% during the 3rd 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 purchased a new position in Verb Technology during the 3rd quarter worth $49,000. BlackRock Inc. grew its position in Verb Technology by 710.7% during the 3rd 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 purchased a new position in Verb Technology during the 2nd quarter worth $561,000. Finally, Bank of New York Mellon Corp purchased a new position in Verb Technology during the 3rd quarter worth $274,000. 7.29% of the stock is currently owned by 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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