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 Thursday, Zacks.com reports. The firm presently has a $0.75 price objective on the stock. Zacks Investment Research‘s price target suggests a potential upside of 19.01% from the stock’s current price.
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. “
NASDAQ VERB opened at $0.63 on Thursday. Verb Technology has a 1-year low of $0.63 and a 1-year high of $3.97. The company has a current ratio of 0.18, a quick ratio of 0.18 and a debt-to-equity ratio of 0.07. The stock has a 50-day moving average of $0.96 and a 200-day moving average of $1.38. The firm has a market cap of $50.52 million, a PE ratio of -1.13 and a beta of 0.98.
Institutional investors and hedge funds have recently added to or reduced their stakes in the business. GSA Capital Partners LLP bought a new position in Verb Technology during the 3rd quarter valued at approximately $49,000. Citadel Advisors LLC bought a new position in shares of Verb Technology in the 2nd quarter worth approximately $57,000. Millennium Management LLC bought a new position in shares of Verb Technology in the 4th quarter worth approximately $42,000. Susquehanna International Group LLP bought a new position in shares of Verb Technology in the 4th quarter worth approximately $42,000. Finally, Virtu Financial LLC bought a new position in shares of Verb Technology in the 4th quarter worth approximately $81,000. 8.52% of the stock is owned by institutional investors and hedge funds.
About Verb Technology (Get Rating)
Verb Technology Co, Inc engages in transforming how businesses captivate and engage customers. The firm’s Software-as-a-Service (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.
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