Verb Technology Company, Inc. (NASDAQ:VERB) Shares Sold by Verition Fund Management LLC


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Verition Fund Management LLC decreased its holdings in shares of Verb Technology Company, Inc. (NASDAQ:VERB) by 19.6% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 64,823 shares of the company’s stock after selling 15,822 shares during the period. Verition Fund Management LLC owned about 0.13% of Verb Technology worth $107,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also bought and sold shares of the company. BlackRock Inc. grew its stake in shares of Verb Technology by 18.4% in the third quarter. BlackRock Inc. now owns 77,980 shares of the company’s stock worth $84,000 after purchasing an additional 12,095 shares in the last quarter. Jane Street Group LLC bought a new stake in shares of Verb Technology during the 4th quarter worth about $33,000. Northern Trust Corp boosted its holdings in shares of Verb Technology by 102.4% in the fourth quarter. Northern Trust Corp now owns 73,048 shares of the company’s stock valued at $121,000 after acquiring an additional 36,958 shares in the last quarter. Virtu Financial LLC acquired a new position in shares of Verb Technology during the third quarter valued at approximately $43,000. Finally, Morgan Stanley raised its holdings in Verb Technology by 737.5% during the third quarter. Morgan Stanley now owns 80,409 shares of the company’s stock worth $87,000 after purchasing an additional 70,808 shares in the last quarter. 3.64% of the stock is owned by institutional investors and hedge funds.

A number of research analysts recently issued reports on the company. Alliance Global Partners lifted their target price on Verb Technology from $2.00 to $2.75 and gave the stock a “buy” rating in a report on Wednesday, January 13th. LADENBURG THALM/SH SH began coverage on Verb Technology in a report on Monday, December 14th. They set a “buy” rating on the stock.

VERB opened at $1.31 on Thursday. Verb Technology Company, Inc. has a twelve month low of $0.98 and a twelve month high of $3.10. The company has a debt-to-equity ratio of 0.07, a quick ratio of 0.82 and a current ratio of 0.82. The business has a 50 day moving average price of $1.86 and a 200 day moving average price of $1.54. The firm has a market cap of $69.75 million, a P/E ratio of -1.51 and a beta of 1.25.

Verb Technology (NASDAQ:VERB) last posted its quarterly earnings data on Tuesday, March 30th. The company reported ($0.29) earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.13) by ($0.16). Verb Technology had a negative return on equity of 153.21% and a negative net margin of 194.59%. As a group, analysts anticipate that Verb Technology Company, Inc. will post -0.36 earnings per share for the current fiscal year.

Verb Technology Company Profile

Verb Technology Company, Inc develops Software-as-a-Service applications platform. It offers verb Customer Relationship Management (CRM) application; verbLEARN, a Learning Management System application that incorporates clickable in-video technology featured in its verbCRM application; and verbLIVE, a Live Broadcast Video Webinar application.

Further Reading: What is a Special Dividend?

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Institutional Ownership by Quarter for Verb Technology (NASDAQ:VERB)

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