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

Verb Technology Company, Inc. (NASDAQ:TONX) General Counsel Mary Marbach sold 28,015 shares of the company’s stock in a transaction dated Tuesday, November 3rd. The shares were sold at an average price of $2.87, for a total value of $80,403.05. Following the completion of the sale, the general counsel directly owned 286,085 shares of the company’s stock, valued at approximately $821,063.95. This trade represents a 8.92% decrease in their ownership of the stock. The sale was disclosed in a legal 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 Up 1.4%

Verb Technology stock traded up $0.04 during mid-day trading on Wednesday, hitting $2.90. 165,246 shares of the company’s stock were exchanged, compared to its average volume of 399,264. The firm has a market capitalization of $159.70 million, a price-to-earnings ratio of -2.79 and a beta of 0.67. Verb Technology Company, Inc. has a fifty-two week low of $1.75 and a fifty-two week high of $4.44. The company has a 50 day moving average price of $3.26.

Analysts Set New Price Targets

A number of equities research analysts recently issued reports on the company. Wall Street Zen raised Verb Technology from a “strong sell” rating to a “hold” rating in a research report on Saturday, August 15th. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Verb Technology in a research report on Friday, October 2nd. One investment analyst has rated the stock with a Sell rating. Based on data from MarketBeat, the stock currently has a consensus 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.