Insider Buying: VerifyMe, Inc. (NASDAQ:VRME) Director Buys 7,395 Shares of Stock

VerifyMe, Inc. (NASDAQ:VRME) Director Arthur B. Laffer purchased 7,395 shares of the company’s stock in a transaction that occurred on Monday, March 25th. The stock was bought at an average price of $1.36 per share, with a total value of $10,057.20. Following the transaction, the director now owns 279,911 shares of the company’s stock, valued at approximately $380,678.96. The purchase was disclosed in a legal filing with the SEC, which is accessible through this hyperlink.

VerifyMe Stock Performance

VerifyMe stock opened at $1.44 on Thursday. The company has a 50 day moving average price of $1.19 and a 200-day moving average price of $1.14. The company has a debt-to-equity ratio of 0.18, a quick ratio of 1.53 and a current ratio of 1.55. VerifyMe, Inc. has a fifty-two week low of $0.85 and a fifty-two week high of $2.27. The company has a market capitalization of $14.39 million, a PE ratio of -4.11 and a beta of 1.05.

Analyst Upgrades and Downgrades

Separately, Barrington Research restated an “outperform” rating and set a $1.70 target price on shares of VerifyMe in a research report on Friday, March 22nd.

Institutional Trading of VerifyMe

Several institutional investors and hedge funds have recently modified their holdings of VRME. MML Investors Services LLC bought a new stake in shares of VerifyMe during the first quarter valued at approximately $383,000. HighTower Advisors LLC raised its stake in VerifyMe by 492.0% in the first quarter. HighTower Advisors LLC now owns 89,095 shares of the company’s stock worth $171,000 after buying an additional 74,046 shares in the last quarter. LPL Financial LLC bought a new position in VerifyMe in the second quarter worth approximately $67,000. Renaissance Technologies LLC bought a new position in VerifyMe in the third quarter worth approximately $57,000. Finally, Vanguard Group Inc. raised its stake in VerifyMe by 14.6% in the fourth quarter. Vanguard Group Inc. now owns 217,986 shares of the company’s stock worth $244,000 after buying an additional 27,792 shares in the last quarter. Institutional investors own 8.79% of the company’s stock.

VerifyMe Company Profile

VerifyMe, Inc, together with its subsidiary, PeriShip Global, LLC, operates as a technology solutions provider that specializes in products to connect brands with consumers and providing brands with end-to-end logistics management for their products. The company operates through two segments, VerifyMe Solutions and PeriShip Global Solutions.