VerifyMe (NASDAQ:VRME) Raised to “Hold” at Wall Street Zen

VerifyMe (NASDAQ:VRME) was upgraded by equities research analysts at Wall Street Zen to a “hold” rating in a research note issued on Saturday.

A number of other research firms have also weighed in on VRME. Barrington Research upped their target price on shares of VerifyMe from $1.25 to $1.50 and gave the stock an “outperform” rating in a report on Thursday, August 14th. Weiss Ratings restated a “sell (d-)” rating on shares of VerifyMe in a report on Wednesday, October 8th. Two equities research analysts have rated the stock with a Buy rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average target price of $1.50.

VerifyMe Price Performance

VRME stock opened at $1.01 on Friday. The stock has a market capitalization of $12.44 million, a PE ratio of -2.89 and a beta of 0.51. The company’s 50-day moving average is $0.94 and its 200-day moving average is $0.80. The company has a debt-to-equity ratio of 0.05, a current ratio of 4.06 and a quick ratio of 4.04. VerifyMe has a 1 year low of $0.55 and a 1 year high of $5.00.

VerifyMe (NASDAQ:VRME) last released its quarterly earnings data on Wednesday, August 13th. The company reported ($0.02) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.06) by $0.04. The company had revenue of $4.52 million for the quarter, compared to analysts’ expectations of $4.14 million. VerifyMe had a negative net margin of 17.16% and a negative return on equity of 14.32%. Equities research analysts expect that VerifyMe will post -0.15 EPS for the current fiscal year.

Institutional Investors Weigh In On VerifyMe

Several institutional investors and hedge funds have recently added to or reduced their stakes in VRME. US Bancorp DE purchased a new stake in VerifyMe in the 1st quarter valued at about $30,000. Centurion Wealth Management LLC purchased a new stake in VerifyMe in the 3rd quarter valued at about $34,000. Benchmark Financial Wealth Advisors LLC purchased a new stake in VerifyMe in the 2nd quarter valued at about $28,000. Finally, SFE Investment Counsel increased its stake in VerifyMe by 30.0% in the 1st quarter. SFE Investment Counsel now owns 130,000 shares of the company’s stock valued at $88,000 after buying an additional 30,000 shares during the last quarter. Hedge funds and other 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.