VerifyMe (NASDAQ:VRME) Issues Earnings Results

VerifyMe (NASDAQ:VRME) issued its quarterly earnings data on Friday. The company reported ($0.05) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.03) by ($0.02), FiscalAI reports. VerifyMe had a negative return on equity of 11.72% and a negative net margin of 29.91%.The firm had revenue of $1.77 million during the quarter, compared to the consensus estimate of $2.23 million.

VerifyMe Stock Up 3.6%

Shares of VRME opened at $0.72 on Friday. The stock has a market capitalization of $9.45 million, a P/E ratio of -1.90 and a beta of 0.40. The firm has a fifty day simple moving average of $0.84 and a two-hundred day simple moving average of $0.89. VerifyMe has a twelve month low of $0.59 and a twelve month high of $1.51.

Wall Street Analysts Forecast Growth

VRME has been the topic of a number of analyst reports. Wall Street Zen lowered shares of VerifyMe from a “hold” rating to a “sell” rating in a report on Saturday, April 11th. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of VerifyMe in a report on Monday, April 20th. Finally, Zacks Research lowered shares of VerifyMe from a “strong-buy” rating to a “hold” rating in a report on Wednesday, February 11th. One analyst has rated the stock with a Buy rating, one has issued a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Hold” and an average target price of $1.50.

Institutional Investors Weigh In On VerifyMe

Several institutional investors have recently added to or reduced their stakes in the company. State Street Corp boosted its position in VerifyMe by 51.8% during the 4th 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. LPL Financial LLC boosted its position 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 buying an additional 158,697 shares during the period. Finally, Two Sigma Investments LP boosted its position in VerifyMe by 235.5% during the 3rd quarter. Two Sigma Investments LP now owns 35,321 shares of the company’s stock valued at $31,000 after buying an additional 24,793 shares during the period. Hedge funds and other institutional investors own 8.79% of the company’s stock.

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.