VerifyMe (NASDAQ:VRME) Issues Earnings Results, Misses Estimates By $0.03 EPS

VerifyMe (NASDAQ:VRMEGet Free Report) issued its earnings results on Friday. The company reported ($0.04) EPS for the quarter, missing analysts’ consensus estimates of ($0.01) by ($0.03), FiscalAI reports. The business had revenue of $1.91 million during the quarter, compared to analysts’ expectations of $2.71 million. VerifyMe had a negative return on equity of 13.70% and a negative net margin of 36.55%.

VerifyMe Stock Performance

VRME stock traded down $0.03 on Friday, reaching $0.66. The company’s stock had a trading volume of 133,223 shares, compared to its average volume of 1,650,425. The firm has a market cap of $8.63 million, a PE ratio of -1.73 and a beta of 0.32. The business has a fifty day simple moving average of $0.66 and a two-hundred day simple moving average of $0.80. VerifyMe has a 12-month low of $0.59 and a 12-month high of $1.51.

Analyst Ratings Changes

Separately, Weiss Ratings reaffirmed a “sell (d-)” rating on shares of VerifyMe in a research note on Friday, July 17th. One investment analyst has rated the stock with a Buy rating, one has issued a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, VerifyMe presently has an average rating of “Hold” and an average target price of $1.50.

Check Out Our Latest Research Report on VRME

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in the stock. LPL Financial LLC lifted its position 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. State Street Corp boosted its stake in shares of VerifyMe by 51.8% during the 4th 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 in the last quarter. Finally, Two Sigma Investments LP increased its position in shares of VerifyMe by 235.5% during the third quarter. Two Sigma Investments LP now owns 35,321 shares of the company’s stock valued at $31,000 after buying an additional 24,793 shares during the period. 8.79% of the stock is currently owned by institutional investors.

VerifyMe Company Profile

(Get Free Report)

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.

Further Reading

Earnings History for VerifyMe (NASDAQ:VRME)

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