VerifyMe (NASDAQ:VRME) Issues Earnings Results, Misses Estimates By $0.03 EPS

VerifyMe (NASDAQ:VRME) released its quarterly earnings data on Friday. The company reported ($0.04) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.01) by ($0.03), FiscalAI reports. VerifyMe had a negative return on equity of 13.70% and a negative net margin of 36.55%.The company had revenue of $1.91 million for the quarter, compared to analyst estimates of $2.71 million.

VerifyMe Stock Performance

NASDAQ VRME traded down $0.03 during trading on Friday, hitting $0.66. 133,223 shares of the company’s stock traded hands, compared to its average volume of 1,650,425. The stock has a market capitalization of $8.63 million, a price-to-earnings ratio of -1.73 and a beta of 0.32. VerifyMe has a 12-month low of $0.59 and a 12-month high of $1.51. The business has a 50 day moving average of $0.66 and a 200-day moving average of $0.80.

Institutional Trading of VerifyMe

Several hedge funds and other institutional investors have recently modified their holdings of VRME. Two Sigma Investments LP lifted its holdings 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 acquiring an additional 24,793 shares during the last quarter. State Street Corp grew 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 acquiring an additional 26,400 shares in the last quarter. Finally, LPL Financial LLC increased its stake in VerifyMe by 71.4% in the fourth quarter. LPL Financial LLC now owns 380,812 shares of the company’s stock valued at $229,000 after acquiring an additional 158,697 shares during the last quarter. Institutional investors own 8.79% of the company’s stock.

Analysts Set New Price Targets

Separately, Weiss Ratings restated a “sell (d-)” rating on shares of VerifyMe in a research report on Friday, July 17th. 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 stock. According to MarketBeat, the company has a consensus rating of “Hold” and an average target price 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.