VerifyMe (NASDAQ:VRME) Stock Rating Upgraded by Wall Street Zen

VerifyMe (NASDAQ:VRME) was upgraded by investment analysts at Wall Street Zen to a “hold” rating in a research report issued on Saturday.

Several other brokerages have also recently issued reports on VRME. Zacks Research cut shares of VerifyMe from a “strong-buy” rating to a “hold” rating in a report on Wednesday. Weiss Ratings reissued a “sell (d-)” rating on shares of VerifyMe in a research report on Wednesday, January 21st. Finally, Barrington Research raised their price target on shares of VerifyMe from $1.00 to $1.50 and gave the stock an “outperform” rating in a report on Tuesday, January 6th. Two equities research 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’s stock. Based on data from MarketBeat, the company currently has an average rating of “Hold” and an average price target of $1.50.

VerifyMe Stock Up 1.5%

VerifyMe stock opened at $1.01 on Friday. The firm has a fifty day simple moving average of $0.95 and a two-hundred day simple moving average of $0.93. VerifyMe has a twelve month low of $0.55 and a twelve month high of $1.51. The company has a market capitalization of $12.56 million, a PE ratio of -2.66 and a beta of 0.36.

VerifyMe (NASDAQ:VRME) last released its quarterly earnings data on Friday, November 14th. The company reported ($0.02) EPS for the quarter, topping the consensus estimate of ($0.04) by $0.02. The firm had revenue of $5.03 million for the quarter, compared to the consensus estimate of $4.89 million. VerifyMe had a negative return on equity of 11.64% and a negative net margin of 21.78%. As a group, equities analysts expect that VerifyMe will post -0.15 earnings per share for the current fiscal year.

Hedge Funds Weigh In On VerifyMe

Institutional investors have recently bought and sold shares of the stock. LPL Financial LLC lifted its holdings in VerifyMe by 71.4% in the fourth quarter. LPL Financial LLC now owns 380,812 shares of the company’s stock worth $229,000 after buying an additional 158,697 shares during the period. State Street Corp lifted its stake in shares of VerifyMe by 51.8% in the 4th quarter. State Street Corp now owns 77,359 shares of the company’s stock valued at $46,000 after purchasing an additional 26,400 shares during the period. Quantum Financial Planning Services Inc. bought a new stake in shares of VerifyMe during the fourth quarter valued at approximately $42,000. Centurion Wealth Management LLC purchased a new stake in VerifyMe in the third quarter worth $34,000. Finally, Benchmark Financial Wealth Advisors LLC purchased a new stake in VerifyMe in the second quarter worth $28,000. 8.79% of the stock is owned by 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.