VerifyMe (NASDAQ:VRME) Trading Up 0% – Still a Buy?

VerifyMe, Inc. (NASDAQ:VRME) traded up 0% during mid-day trading on Wednesday . The stock traded as high as $0.7195 and last traded at $0.7087. Approximately 30,751 shares were traded during mid-day trading, a decline of 24% from the average session volume of 40,216 shares. The stock had previously closed at $0.7086.

Wall Street Analysts Forecast Growth

Several research analysts have commented on VRME shares. Wall Street Zen lowered VerifyMe from a “hold” rating to a “sell” rating in a research report on Saturday, April 11th. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of VerifyMe in a research report on Friday, July 17th. One equities research 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. According to MarketBeat.com, VerifyMe currently has a consensus rating of “Hold” and a consensus price target of $1.50.

VerifyMe Price Performance

The firm has a market capitalization of $9.38 million, a price-to-earnings ratio of -1.88 and a beta of 0.33. The business’s 50-day moving average price is $0.65 and its 200 day moving average price is $0.84.

VerifyMe (NASDAQ:VRME) last released its quarterly earnings results on Friday, May 15th. The company reported ($0.05) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.03) by ($0.02). VerifyMe had a negative net margin of 36.55% and a negative return on equity of 13.70%. The firm had revenue of $1.77 million for the quarter, compared to analyst estimates of $2.23 million.

Institutional Trading of VerifyMe

A number of hedge funds and other institutional investors have recently modified their holdings of the business. Two Sigma Investments LP lifted its stake in shares of VerifyMe by 235.5% in 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 in the last quarter. LPL Financial LLC grew its stake in VerifyMe by 71.4% during the 4th quarter. LPL Financial LLC now owns 380,812 shares of the company’s stock valued at $229,000 after purchasing an additional 158,697 shares in the last quarter. Finally, State Street Corp increased its holdings in VerifyMe by 51.8% during the 4th quarter. State Street Corp now owns 77,359 shares of the company’s stock worth $46,000 after purchasing an additional 26,400 shares during the last quarter. 8.79% of the stock is owned by hedge funds and other institutional investors.

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.