VerifyMe (NASDAQ:VRME) Cut to Hold at Zacks Research

Zacks Research downgraded shares of VerifyMe (NASDAQ:VRME) from a strong-buy rating to a hold rating in a research note released on Wednesday morning,Zacks.com reports.

Several other research firms have also recently weighed in on VRME. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of VerifyMe in a report on Wednesday, January 21st. Barrington Research boosted 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. Two investment analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average price target of $1.50.

VerifyMe Trading Up 1.5%

VRME stock opened at $1.01 on Wednesday. The firm has a 50 day moving average of $0.95 and a 200-day moving average of $0.93. The firm has a market capitalization of $12.56 million, a P/E ratio of -2.66 and a beta of 0.36. VerifyMe has a 12 month low of $0.55 and a 12 month high of $1.51.

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

Institutional Trading of VerifyMe

A number of hedge funds have recently bought and sold shares of VRME. LPL Financial LLC boosted its stake in shares of 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 purchasing an additional 158,697 shares in the last quarter. Quantum Financial Planning Services Inc. purchased a new position in VerifyMe in the 4th quarter worth $42,000. Centurion Wealth Management LLC bought a new stake in VerifyMe in the third quarter worth $34,000. Benchmark Financial Wealth Advisors LLC bought a new stake in VerifyMe in the second quarter worth $28,000. Finally, State Street Corp boosted its position in VerifyMe by 51.8% during the fourth quarter. State Street Corp now owns 77,359 shares of the company’s stock valued at $46,000 after buying an additional 26,400 shares during the period. Institutional investors 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.