Verb Technology (NASDAQ:VERB) Stock Price Down 1.7% – Time to Sell?

Shares of Verb Technology Company, Inc. (NASDAQ:VERB) dropped 1.7% during mid-day trading on Monday . The company traded as low as $5.65 and last traded at $5.73. Approximately 36,019 shares were traded during mid-day trading, a decline of 11% from the average daily volume of 40,513 shares. The stock had previously closed at $5.83.

Analysts Set New Price Targets

Separately, Ascendiant Capital Markets lowered their target price on Verb Technology from $800.00 to $100.00 and set a “buy” rating on the stock in a research report on Monday, November 11th.

Verb Technology Price Performance

The firm’s fifty day moving average is $7.31 and its two-hundred day moving average is $11.70. The company has a debt-to-equity ratio of 0.01, a current ratio of 4.05 and a quick ratio of 4.05.

Insider Transactions at Verb Technology

In other news, major shareholder Corsair Capital Management, L. bought 13,700 shares of the firm’s stock in a transaction that occurred on Tuesday, October 22nd. The stock was acquired at an average price of $10.71 per share, with a total value of $146,727.00. Following the completion of the purchase, the insider now directly owns 74,915 shares of the company’s stock, valued at $802,339.65. This represents a 22.38 % increase in their position. The acquisition was disclosed in a filing with the SEC, which is available through the SEC website. Company insiders own 0.55% 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.