VerifyMe (NASDAQ:VRME) Stock Price Down 0.6% – What’s Next?

VerifyMe, Inc. (NASDAQ:VRME) was down 0.6% on Friday . The stock traded as low as $0.66 and last traded at $0.6763. Approximately 247,850 shares were traded during trading, an increase of 232% from the average daily volume of 74,637 shares. The stock had previously closed at $0.6802.

Analyst Ratings Changes

Several equities analysts have issued reports on the stock. Weiss Ratings restated a “sell (d-)” rating on shares of VerifyMe in a research report on Monday, April 20th. Wall Street Zen downgraded VerifyMe from a “hold” rating to a “sell” rating in a research report on Saturday, April 11th. Finally, Zacks Research downgraded shares of VerifyMe from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, February 11th. One equities research analyst has rated the stock with a Buy rating, one has given a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of $1.50.

VerifyMe Stock Performance

The business has a 50 day moving average of $0.77 and a two-hundred day moving average of $0.86. The firm has a market capitalization of $8.87 million, a price-to-earnings ratio of -1.78 and a beta of 0.34.

VerifyMe (NASDAQ:VRME) last posted its quarterly earnings results on Friday, May 15th. The company reported ($0.05) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.03) by ($0.02). The business had revenue of $1.77 million during the quarter, compared to analyst estimates of $2.23 million. VerifyMe had a negative net margin of 36.55% and a negative return on equity of 13.70%.

Hedge Funds Weigh In On VerifyMe

A number of hedge funds and other institutional investors have recently modified their holdings of VRME. Two Sigma Investments LP raised its position in VerifyMe by 235.5% in the third 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 during the period. Quantum Financial Planning Services Inc. bought a new position in shares of VerifyMe during the 4th quarter valued at approximately $42,000. LPL Financial LLC raised its holdings in shares of VerifyMe by 71.4% in the 4th quarter. LPL Financial LLC now owns 380,812 shares of the company’s stock worth $229,000 after purchasing an additional 158,697 shares during the period. Finally, State Street Corp lifted its stake in 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 last quarter. Hedge funds and other institutional investors own 8.79% of the company’s stock.

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.