VerifyMe (NASDAQ:VRME) Issues Earnings Results

VerifyMe (NASDAQ:VRME) issued its quarterly earnings results on Monday. The company reported ($0.02) earnings per share for the quarter, hitting the consensus estimate of ($0.02), Zacks reports. The business had revenue of $2.39 million during the quarter, compared to the consensus estimate of $3.45 million. VerifyMe had a negative return on equity of 11.19% and a negative net margin of 29.91%.

VerifyMe Stock Up 3.0%

Shares of VRME stock opened at $0.83 on Thursday. VerifyMe has a 52-week low of $0.55 and a 52-week high of $1.51. The stock has a market cap of $10.38 million, a PE ratio of -2.19 and a beta of 0.49. The business has a 50-day simple moving average of $1.00 and a 200-day simple moving average of $0.94.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the stock. Two Sigma Investments LP increased its holdings in VerifyMe by 235.5% in the 3rd quarter. Two Sigma Investments LP now owns 35,321 shares of the company’s stock worth $31,000 after acquiring an additional 24,793 shares in the last quarter. LPL Financial LLC lifted its holdings in VerifyMe by 71.4% during the fourth quarter. LPL Financial LLC now owns 380,812 shares of the company’s stock valued at $229,000 after purchasing an additional 158,697 shares in the last quarter. Finally, State Street Corp grew its position in shares of VerifyMe by 51.8% in the fourth quarter. State Street Corp now owns 77,359 shares of the company’s stock valued at $46,000 after purchasing an additional 26,400 shares during the period. 8.79% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of equities research analysts recently commented on the company. Barrington Research increased their price target on shares of VerifyMe from $1.00 to $1.50 and gave the stock an “outperform” rating in a report on Tuesday, January 6th. Zacks Research cut shares of VerifyMe from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, February 11th. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of VerifyMe in a report on Wednesday, January 21st. Finally, Wall Street Zen upgraded shares of VerifyMe to a “hold” rating in a research note on Saturday, February 14th. Two analysts have rated the stock with a Buy rating, one has given a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, VerifyMe currently has an average rating of “Hold” and an average price target of $1.50.

VerifyMe Company Profile

VerifyMe, Inc (NASDAQ: VRME) provides authentication and brand protection solutions to help companies secure products, packaging and digital credentials against counterfeiting, diversion and tampering. The company’s offerings combine physical authentication technologies—such as secure printing, invisible inks, RFID/NFC tags and direct part marking—with cloud-based software to create end-to-end track-and-trace capabilities. These integrated solutions enable customers to verify authenticity at every stage of the supply chain, from manufacturing through distribution and retail.

Key product lines include on-demand secure printers and customized label materials, embedded secure elements for item-level tagging, and a centralized data management platform that supports real-time analytics, consumer engagement and regulatory compliance.