VerifyMe (NASDAQ:VRME) Rating Increased to Strong-Buy at Zacks Research

VerifyMe (NASDAQ:VRME) was upgraded by investment analysts at Zacks Research from a “hold” rating to a “strong-buy” rating in a report issued on Tuesday,Zacks.com reports.

A number of other equities research analysts have also weighed in on the company. Wall Street Zen upgraded VerifyMe to a “hold” rating in a research report on Saturday, October 11th. Weiss Ratings restated a “sell (d-)” rating on shares of VerifyMe in a report on Wednesday, October 8th. Finally, Barrington Research upped their price objective on VerifyMe from $1.00 to $1.50 and gave the company an “outperform” rating in a research note on Tuesday, January 6th. One research analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, VerifyMe presently has a consensus rating of “Moderate Buy” and a consensus target price of $1.50.

VerifyMe Stock Down 2.7%

Shares of NASDAQ:VRME opened at $1.07 on Tuesday. VerifyMe has a 12-month low of $0.55 and a 12-month high of $4.89. The company’s 50 day moving average price is $0.77 and its two-hundred day moving average price is $0.87. The firm has a market cap of $13.31 million, a PE ratio of -2.82 and a beta of 0.30.

VerifyMe (NASDAQ:VRME) last posted its quarterly earnings results on Friday, November 14th. The company reported ($0.02) EPS for the quarter, beating analysts’ consensus estimates 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 during the quarter, compared to the consensus estimate of $4.89 million. On average, research analysts expect that VerifyMe will post -0.15 EPS for the current year.

Hedge Funds Weigh In On VerifyMe

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Benchmark Financial Wealth Advisors LLC acquired a new stake in VerifyMe during the 2nd quarter valued at approximately $28,000. Centurion Wealth Management LLC acquired a new position in shares of VerifyMe in the 3rd quarter worth approximately $34,000. Two Sigma Investments LP boosted its stake in shares of VerifyMe by 235.5% in 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 during the last quarter. Finally, Quantum Financial Planning Services Inc. acquired a new stake in shares of VerifyMe during the fourth quarter worth $42,000. 8.79% of the stock is owned by institutional investors and hedge funds.

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.