VerifyMe (NASDAQ:VRME) Stock Rating Lowered by Zacks Research

VerifyMe (NASDAQ:VRME) was downgraded by equities researchers at Zacks Research from a “strong-buy” rating to a “hold” rating in a report issued on Wednesday,Zacks.com reports.

Several other brokerages have also weighed in on VRME. Barrington Research increased their target price on VerifyMe from $1.00 to $1.50 and gave the stock an “outperform” rating in a research report on Tuesday, January 6th. Weiss Ratings restated a “sell (d-)” rating on shares of VerifyMe in a research report on Wednesday, January 21st. Two equities research analysts have rated the stock with a Buy rating, one has given a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, VerifyMe has an average rating of “Hold” and an average price target of $1.50.

VerifyMe Stock Down 8.8%

Shares of VRME stock opened at $0.99 on Wednesday. The company has a market cap of $12.37 million, a P/E ratio of -2.62 and a beta of 0.36. The business has a 50 day moving average of $0.94 and a two-hundred day moving average of $0.93. VerifyMe has a 52 week low of $0.55 and a 52 week high of $1.51.

VerifyMe (NASDAQ:VRME) last announced its quarterly earnings results on Friday, November 14th. The company reported ($0.02) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.04) by $0.02. VerifyMe had a negative return on equity of 11.64% and a negative net margin of 21.78%.The business had revenue of $5.03 million for the quarter, compared to the consensus estimate of $4.89 million. Analysts expect that VerifyMe will post -0.15 EPS for the current fiscal year.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in the stock. Benchmark Financial Wealth Advisors LLC bought a new stake in VerifyMe during the second quarter worth approximately $28,000. Two Sigma Investments LP boosted its stake in VerifyMe by 235.5% during the 3rd quarter. Two Sigma Investments LP now owns 35,321 shares of the company’s stock valued at $31,000 after purchasing an additional 24,793 shares in the last quarter. Centurion Wealth Management LLC acquired a new position in shares of VerifyMe during the 3rd quarter valued at $34,000. Quantum Financial Planning Services Inc. bought a new stake in shares of VerifyMe in the 4th quarter worth $42,000. Finally, LPL Financial LLC lifted its holdings in shares of VerifyMe by 71.4% in the fourth quarter. LPL Financial LLC now owns 380,812 shares of the company’s stock valued at $229,000 after buying an additional 158,697 shares during the period. Institutional investors and hedge funds own 8.79% of the company’s stock.

About VerifyMe

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.