VerifyMe (NASDAQ:VRME) Announces Earnings Results

VerifyMe (NASDAQ:VRME) released its quarterly earnings data on Friday. The company reported ($0.04) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.01) by ($0.03), FiscalAI reports. The business had revenue of $1.91 million for the quarter, compared to analyst estimates 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

NASDAQ VRME traded down $0.03 during trading on Friday, reaching $0.66. The company’s stock had a trading volume of 140,323 shares, compared to its average volume of 1,650,528. The business’s fifty day moving average price is $0.66 and its 200-day moving average price is $0.80. VerifyMe has a twelve month low of $0.59 and a twelve month high of $1.51. The firm has a market cap of $8.66 million, a price-to-earnings ratio of -1.74 and a beta of 0.32.

Institutional Inflows and Outflows

A number of institutional investors have recently modified their holdings of the stock. LPL Financial LLC increased its stake in VerifyMe by 71.4% in the 4th 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. State Street Corp boosted its holdings in shares of 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 acquiring an additional 26,400 shares in the last quarter. Finally, Two Sigma Investments LP increased its stake 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 worth $31,000 after acquiring an additional 24,793 shares during the period. Institutional investors and hedge funds own 8.79% of the company’s stock.

Analyst Upgrades and Downgrades

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

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.