VerifyMe (NASDAQ:VRME) Upgraded at Wall Street Zen

Wall Street Zen upgraded shares of VerifyMe (NASDAQ:VRME) to a hold rating in a report issued on Saturday morning.

VRME has been the subject of several other research reports. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of VerifyMe in a report on Wednesday, October 8th. Barrington Research boosted their price objective on VerifyMe from $1.25 to $1.50 and gave the company an “outperform” rating in a research report on Thursday, August 14th. Two investment analysts have rated the stock with a Buy rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Hold” and a consensus target price of $1.50.

VerifyMe Trading Up 5.0%

Shares of VerifyMe stock opened at $1.06 on Friday. VerifyMe has a 1 year low of $0.55 and a 1 year high of $5.00. The company’s fifty day simple moving average is $0.94 and its 200-day simple moving average is $0.80. The company has a market cap of $13.06 million, a price-to-earnings ratio of -3.03 and a beta of 0.51. The company has a current ratio of 4.06, a quick ratio of 4.04 and a debt-to-equity ratio of 0.05.

VerifyMe (NASDAQ:VRME) last posted its quarterly earnings results on Wednesday, August 13th. The company reported ($0.02) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.06) by $0.04. The company had revenue of $4.52 million for the quarter, compared to analyst estimates of $4.14 million. VerifyMe had a negative net margin of 17.16% and a negative return on equity of 14.32%. As a group, sell-side analysts expect that VerifyMe will post -0.15 EPS for the current year.

Institutional Investors Weigh In On VerifyMe

Several large investors have recently made changes to their positions in the company. SFE Investment Counsel grew its holdings in shares of VerifyMe by 30.0% in the 1st quarter. SFE Investment Counsel now owns 130,000 shares of the company’s stock worth $88,000 after purchasing an additional 30,000 shares during the last quarter. US Bancorp DE acquired a new position in VerifyMe in the first quarter valued at about $30,000. Benchmark Financial Wealth Advisors LLC bought a new stake in VerifyMe during the second quarter worth about $28,000. Finally, Centurion Wealth Management LLC bought a new stake in VerifyMe during the third quarter worth about $34,000. Institutional investors own 8.79% of the company’s stock.

VerifyMe Company Profile

VerifyMe, Inc, together with its subsidiary, PeriShip Global, LLC, operates as a technology solutions provider that specializes in products to connect brands with consumers and providing brands with end-to-end logistics management for their products. The company operates through two segments, VerifyMe Solutions and PeriShip Global Solutions.