VerifyMe (NASDAQ:VRME) Cut to Sell at Wall Street Zen

Wall Street Zen downgraded shares of VerifyMe (NASDAQ:VRME) from a hold rating to a sell rating in a research note issued to investors on Saturday.

A number of other research analysts also recently weighed in on VRME. Barrington Research increased their target price on VerifyMe from $1.00 to $1.50 and gave the company an “outperform” rating in a report on Tuesday, January 6th. Zacks Research downgraded VerifyMe from a “strong-buy” rating to a “hold” rating in a report on Wednesday, February 11th. Finally, Weiss Ratings reissued a “sell (d-)” rating on shares of VerifyMe in a report on Wednesday, January 21st. Two investment 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 MarketBeat, the company currently has an average rating of “Hold” and a consensus target price of $1.50.

VerifyMe Stock Performance

VRME stock opened at $0.85 on Friday. VerifyMe has a fifty-two week low of $0.59 and a fifty-two week high of $1.51. The business’s 50-day moving average is $0.94 and its two-hundred day moving average is $0.93. The company has a market cap of $11.14 million, a price-to-earnings ratio of -2.23 and a beta of 0.48.

VerifyMe (NASDAQ:VRME) last posted its earnings results on Monday, March 30th. The company reported ($0.02) earnings per share for the quarter, meeting analysts’ consensus estimates of ($0.02). VerifyMe had a negative return on equity of 11.72% and a negative net margin of 29.91%.The company had revenue of $2.39 million for the quarter, compared to the consensus estimate of $3.45 million. Equities analysts predict that VerifyMe will post -0.15 earnings per share for the current year.

Institutional Trading of VerifyMe

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Two Sigma Investments LP increased its position in VerifyMe by 235.5% in the third 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 in the last quarter. LPL Financial LLC increased its position in VerifyMe by 71.4% in the fourth quarter. LPL Financial LLC now owns 380,812 shares of the company’s stock worth $229,000 after buying an additional 158,697 shares in the last quarter. State Street Corp increased its position in VerifyMe by 51.8% in the fourth quarter. State Street Corp now owns 77,359 shares of the company’s stock worth $46,000 after buying an additional 26,400 shares in the last quarter. Quantum Financial Planning Services Inc. purchased a new stake in VerifyMe in the fourth quarter worth about $42,000. Finally, Centurion Wealth Management LLC purchased a new stake in VerifyMe in the third quarter worth about $34,000. Hedge funds and other institutional investors own 8.79% of the company’s stock.

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.