Verb Technology (NASDAQ:TONX) Posts Quarterly Earnings Results

Verb Technology (NASDAQ:TONX) released its quarterly earnings data on Tuesday. The company reported $0.01 EPS for the quarter, Zacks reports. Verb Technology had a negative net margin of 1,416.59% and a negative return on equity of 78.40%.

Verb Technology Stock Performance

Shares of NASDAQ TONX opened at $3.05 on Tuesday. The business has a fifty day moving average of $3.17. The firm has a market cap of $172.42 million, a price-to-earnings ratio of -1.07 and a beta of 0.68. Verb Technology has a 1-year low of $1.75 and a 1-year high of $22.91.

Insider Activity

In other news, CFO Sarah Josephine Olsen acquired 7,440 shares of Verb Technology stock in a transaction dated Thursday, May 14th. The stock was bought at an average cost of $3.62 per share, with a total value of $26,932.80. Following the completion of the transaction, the chief financial officer directly owned 7,440 shares of the company’s stock, valued at approximately $26,932.80. This represents a ∞ increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 21.43% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

Separately, Weiss Ratings raised Verb Technology from a “sell (e+)” rating to a “sell (d-)” rating in a research note on Monday, July 6th. One equities research analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, the stock presently has a consensus rating of “Sell”.

About Verb Technology

Verb Technology Company, Inc is a software-as-a-service company focused on interactive video-based sales and marketing solutions. The company’s technology is designed to help businesses engage customers, promote products, and drive online commerce through live and recorded video experiences.

Verb’s platform has included tools for customer engagement, event hosting, and digital commerce, with a particular emphasis on enabling sales teams and content creators to communicate directly with audiences in an interactive format.