US Bancorp DE Invests $30,000 in VerifyMe, Inc. $VRME

US Bancorp DE purchased a new position in shares of VerifyMe, Inc. (NASDAQ:VRME) in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund purchased 44,822 shares of the company’s stock, valued at approximately $30,000. US Bancorp DE owned 0.41% of VerifyMe at the end of the most recent quarter.

Separately, SFE Investment Counsel lifted its stake in VerifyMe by 30.0% in the first 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. Institutional investors and hedge funds own 8.79% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts have recently commented on VRME shares. Maxim Group set a $1.50 target price on VerifyMe and gave the company a “buy” rating in a research note on Wednesday, May 14th. Barrington Research boosted their price objective on shares of VerifyMe from $1.25 to $1.50 and gave the company an “outperform” rating in a research report on Thursday, August 14th. Two analysts have rated the stock with a Buy rating, According to data from MarketBeat.com, the stock has a consensus rating of “Buy” and an average price target of $1.50.

VerifyMe Stock Performance

Shares of VerifyMe stock opened at $0.8460 on Thursday. The company has a current ratio of 4.06, a quick ratio of 4.04 and a debt-to-equity ratio of 0.05. The stock’s fifty day moving average price is $0.81 and its 200-day moving average price is $0.80. The firm has a market cap of $10.42 million, a P/E ratio of -2.42 and a beta of 0.57. VerifyMe, Inc. has a 12 month low of $0.55 and a 12 month high of $5.00.

VerifyMe (NASDAQ:VRME) last issued its 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 analysts’ expectations of $4.14 million. VerifyMe had a negative net margin of 17.16% and a negative return on equity of 14.32%. On average, equities research analysts expect that VerifyMe, Inc. will post -0.15 earnings per share for the current fiscal year.

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.