VerifyMe (NASDAQ:VRME – Get Free Report) released its quarterly earnings results on Friday. The company reported ($0.05) EPS for the quarter, hitting analysts’ consensus estimates of ($0.05), FiscalAI reports. VerifyMe had a negative net margin of 29.91% and a negative return on equity of 11.72%. The firm had revenue of $1.77 million during the quarter, compared to analysts’ expectations of $2.23 million.
VerifyMe Stock Up 3.6%
NASDAQ:VRME traded up $0.03 during mid-day trading on Friday, reaching $0.72. The company’s stock had a trading volume of 72,289 shares, compared to its average volume of 2,710,540. VerifyMe has a 1 year low of $0.59 and a 1 year high of $1.51. The stock has a fifty day moving average of $0.85 and a 200-day moving average of $0.89. The firm has a market capitalization of $9.45 million, a PE ratio of -1.90 and a beta of 0.40.
Analyst Ratings Changes
A number of equities analysts recently commented on VRME shares. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of VerifyMe in a research note on Monday, April 20th. Wall Street Zen lowered VerifyMe from a “hold” rating to a “sell” rating in a research note on Saturday, April 11th. Finally, Zacks Research lowered VerifyMe from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, February 11th. One analyst has rated the stock with a Buy rating, one has issued a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of $1.50.
Institutional Trading of VerifyMe
Hedge funds have recently added to or reduced their stakes in the business. LPL Financial LLC raised its stake in VerifyMe by 71.4% in the fourth quarter. LPL Financial LLC now owns 380,812 shares of the company’s stock worth $229,000 after buying an additional 158,697 shares in the last quarter. State Street Corp raised its stake in VerifyMe by 51.8% in the fourth quarter. State Street Corp now owns 77,359 shares of the company’s stock worth $46,000 after buying an additional 26,400 shares in the last quarter. Finally, Two Sigma Investments LP raised its stake 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 buying an additional 24,793 shares in the last quarter. 8.79% of the stock is owned by hedge funds and other institutional investors.
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.
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