VerifyMe (NASDAQ:VRME) Announces Earnings Results

VerifyMe (NASDAQ:VRME) posted its earnings results on Monday. The company reported ($0.05) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.02) by ($0.03), FiscalAI reports. The firm had revenue of $2.39 million during the quarter, compared to the consensus estimate of $3.45 million. VerifyMe had a negative return on equity of 11.64% and a negative net margin of 21.78%.

VerifyMe Stock Performance

Shares of NASDAQ:VRME opened at $0.77 on Tuesday. The company’s 50-day moving average is $1.01 and its 200 day moving average is $0.94. The company has a market capitalization of $9.59 million, a P/E ratio of -2.03 and a beta of 0.39. VerifyMe has a fifty-two week low of $0.55 and a fifty-two week high of $1.51.

Analyst Ratings Changes

Several research analysts recently weighed in on VRME shares. Wall Street Zen upgraded shares of VerifyMe to a “hold” rating in a report on Saturday, February 14th. Barrington Research increased their price objective on shares of VerifyMe from $1.00 to $1.50 and gave the company an “outperform” rating in a research note on Tuesday, January 6th. Weiss Ratings reissued a “sell (d-)” rating on shares of VerifyMe in a research report on Wednesday, January 21st. Finally, Zacks Research lowered 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. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average price target of $1.50.

Institutional Trading of VerifyMe

Hedge funds have recently added to or reduced their stakes in the stock. Two Sigma Investments LP boosted its stake 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. State Street Corp increased its stake 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 purchasing an additional 26,400 shares during the last quarter. Finally, LPL Financial LLC raised its holdings in shares of VerifyMe by 71.4% in the 4th quarter. LPL Financial LLC now owns 380,812 shares of the company’s stock worth $229,000 after purchasing an additional 158,697 shares during the period. 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.