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

VerifyMe (NASDAQ:VRME) was downgraded by Wall Street Zen from a “hold” rating to a “sell” rating in a research report issued on Saturday.

Several other research analysts have also recently weighed in on the company. Barrington Research boosted their target price on VerifyMe from $1.00 to $1.50 and gave the stock an “outperform” rating in a report on Tuesday, January 6th. Weiss Ratings restated a “sell (d-)” rating on shares of VerifyMe in a report on Wednesday, January 21st. Finally, Zacks Research cut VerifyMe from a “strong-buy” rating to a “hold” rating in a report on Wednesday, February 11th. Two analysts have rated the stock with a Buy rating, one has given a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of $1.50.

VerifyMe Trading Up 1.2%

VRME stock opened at $0.83 on Friday. VerifyMe has a 12-month low of $0.59 and a 12-month high of $1.51. The stock has a market cap of $10.88 million, a price-to-earnings ratio of -2.18 and a beta of 0.48. The business’s 50-day moving average is $0.94 and its 200 day moving average is $0.93.

VerifyMe (NASDAQ:VRME) last posted its quarterly earnings data on Monday, March 30th. The company reported ($0.02) earnings per share (EPS) for the quarter, hitting the consensus estimate of ($0.02). VerifyMe had a negative return on equity of 11.72% and a negative net margin of 29.91%.The company had revenue of $2.39 million for the quarter, compared to analysts’ expectations of $3.45 million. As a group, equities analysts forecast that VerifyMe will post -0.15 EPS for the current fiscal year.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the business. Two Sigma Investments LP lifted its holdings in VerifyMe by 235.5% in the third quarter. Two Sigma Investments LP now owns 35,321 shares of the company’s stock valued at $31,000 after acquiring an additional 24,793 shares during the last quarter. Centurion Wealth Management LLC acquired a new position in VerifyMe in the third quarter valued at approximately $34,000. Quantum Financial Planning Services Inc. acquired a new position in VerifyMe in the fourth quarter valued at approximately $42,000. State Street Corp lifted its holdings in VerifyMe by 51.8% in the fourth quarter. State Street Corp now owns 77,359 shares of the company’s stock valued at $46,000 after acquiring an additional 26,400 shares during the last quarter. Finally, 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 valued at $229,000 after acquiring an additional 158,697 shares during the last quarter. 8.79% of the stock is currently owned by institutional investors and hedge funds.

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.