VerifyMe (NASDAQ:VRME) Upgraded to “Strong-Buy” at Zacks Research

Zacks Research upgraded shares of VerifyMe (NASDAQ:VRME) from a hold rating to a strong-buy rating in a research note issued to investors on Tuesday,Zacks.com reports.

VRME has been the subject of several other reports. Barrington Research increased their price objective on VerifyMe from $1.00 to $1.50 and gave the stock an “outperform” rating in a report on Tuesday, January 6th. Wall Street Zen raised VerifyMe to a “hold” rating in a research report on Saturday, October 11th. Finally, Weiss Ratings reiterated a “sell (d-)” rating on shares of VerifyMe in a report on Wednesday, October 8th. One research analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $1.50.

VerifyMe Price Performance

VerifyMe stock traded down $0.01 during midday trading on Tuesday, reaching $1.06. The stock had a trading volume of 159,547 shares, compared to its average volume of 20,403,992. The firm’s fifty day simple moving average is $0.77 and its two-hundred day simple moving average is $0.87. VerifyMe has a twelve month low of $0.55 and a twelve month high of $4.77. The firm has a market cap of $13.19 million, a price-to-earnings ratio of -2.80 and a beta of 0.30.

VerifyMe (NASDAQ:VRME) last issued its earnings results on Friday, November 14th. The company reported ($0.02) EPS for the quarter, topping the consensus estimate of ($0.04) by $0.02. The business had revenue of $5.03 million during the quarter, compared to analysts’ expectations 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, sell-side analysts predict that VerifyMe will post -0.15 EPS for the current fiscal year.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the business. Benchmark Financial Wealth Advisors LLC bought a new stake in shares of VerifyMe in the second quarter valued at approximately $28,000. Two Sigma Investments LP boosted its holdings in VerifyMe by 235.5% in the 3rd quarter. Two Sigma Investments LP now owns 35,321 shares of the company’s stock valued at $31,000 after purchasing an additional 24,793 shares during the period. Centurion Wealth Management LLC acquired a new stake in VerifyMe in the 3rd quarter worth $34,000. Finally, Quantum Financial Planning Services Inc. bought a new position in shares of VerifyMe during the 4th quarter worth about $42,000. 8.79% of the stock is owned by institutional investors.

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.