VerifyMe (NASDAQ:VRME) Releases Earnings Results, Misses Estimates By $0.02 EPS

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

VerifyMe Stock Up 3.6%

VRME opened at $0.72 on Friday. The firm has a market capitalization of $9.45 million, a P/E ratio of -1.90 and a beta of 0.40. The stock’s 50 day moving average price is $0.84 and its two-hundred day moving average price is $0.89. VerifyMe has a 12-month low of $0.59 and a 12-month high of $1.51.

Institutional Trading of VerifyMe

Several institutional investors have recently modified their holdings of VRME. State Street Corp lifted its position in shares of VerifyMe by 51.8% during the 4th quarter. State Street Corp now owns 77,359 shares of the company’s stock worth $46,000 after buying an additional 26,400 shares during the period. LPL Financial LLC lifted its position in shares of VerifyMe by 71.4% during the 4th 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. Finally, Two Sigma Investments LP lifted its position in shares of VerifyMe by 235.5% during the 3rd quarter. Two Sigma Investments LP now owns 35,321 shares of the company’s stock worth $31,000 after buying an additional 24,793 shares during the period. Institutional investors and hedge funds own 8.79% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts recently issued reports on the company. Weiss Ratings reissued a “sell (d-)” rating on shares of VerifyMe in a research note on Monday, April 20th. Wall Street Zen downgraded VerifyMe from a “hold” rating to a “sell” rating in a research note on Saturday, April 11th. Finally, Zacks Research downgraded VerifyMe from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, February 11th. One analyst has rated the stock with a Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, VerifyMe has a consensus rating of “Hold” and an average price target of $1.50.

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.