Verb Technology (NASDAQ:TONX) General Counsel Mary Marbach Sells 28,015 Shares of Company Stock

Verb Technology Company, Inc. (NASDAQ:TONX) General Counsel Mary Marbach sold 28,015 shares of the business’s stock in a transaction that occurred on Tuesday, November 3rd. The stock was sold at an average price of $2.87, for a total value of $80,403.05. Following the completion of the transaction, the general counsel directly owned 286,085 shares in the company, valued at $821,063.95. The trade was a 8.92% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. The sale was made to cover tax withholding obligations related to the vesting of equity awards.

Verb Technology Stock Performance

NASDAQ TONX traded up $0.04 during trading hours on Wednesday, reaching $2.90. 165,246 shares of the company’s stock were exchanged, compared to its average volume of 399,264. The business’s fifty day simple moving average is $3.26. Verb Technology Company, Inc. has a one year low of $1.75 and a one year high of $4.44. The company has a market cap of $159.70 million, a PE ratio of -2.79 and a beta of 0.67.

Wall Street Analysts Forecast Growth

Several research analysts recently issued reports on TONX shares. Weiss Ratings reiterated a “sell (d-)” rating on shares of Verb Technology in a research report on Friday, October 2nd. Wall Street Zen upgraded shares of Verb Technology from a “strong sell” rating to a “hold” rating in a research report on Saturday, August 15th. One analyst has rated the stock with a Sell rating. According to data from MarketBeat.com, the stock has an average rating of “Sell”.

Verb Technology Company Profile

Verb Technology Company, Inc developed interactive, video-based sales and marketing software designed to help businesses engage customers and manage digital commerce activities. Its technology included sales-enablement and customer relationship management tools, as well as video presentation and livestreaming capabilities.

The company’s best-known platform was MARKET.live, a livestream social-shopping marketplace that connected brands, retailers, creators and consumers. The platform was designed to support product demonstrations, interactive broadcasts and purchases across digital and social-commerce channels.