VerifyMe (NASDAQ:VRME) Raised to “Strong-Buy” at Zacks Research

VerifyMe (NASDAQ:VRME) was upgraded by analysts at Zacks Research from a “hold” rating to a “strong-buy” rating in a research report issued to clients and investors on Tuesday,Zacks.com reports.

VRME has been the subject of a number of other reports. Wall Street Zen upgraded VerifyMe to a “hold” rating in a research report on Saturday, October 11th. Barrington Research raised their price target on shares of VerifyMe from $1.00 to $1.50 and gave the stock an “outperform” rating in a report on Tuesday, January 6th. Finally, Weiss Ratings restated a “sell (d-)” rating on shares of VerifyMe in a research report on Wednesday, October 8th. One analyst has rated the stock with a Strong Buy rating, two have given a Buy rating and one has issued a Sell rating to the company. According to data from MarketBeat, VerifyMe has an average rating of “Moderate Buy” and an average target price of $1.50.

VerifyMe Trading Down 0.9%

Shares of NASDAQ:VRME traded down $0.01 on Tuesday, reaching $1.06. 164,662 shares of the company’s stock were exchanged, compared to its average volume of 20,416,473. VerifyMe has a twelve month low of $0.55 and a twelve month high of $4.77. The company has a fifty day moving average of $0.77 and a 200-day moving average of $0.87. The company has a market capitalization of $13.19 million, a price-to-earnings ratio of -2.79 and a beta of 0.30.

VerifyMe (NASDAQ:VRME) last issued its quarterly earnings results on Friday, November 14th. The company reported ($0.02) EPS for the quarter, topping analysts’ consensus estimates of ($0.04) by $0.02. The company had revenue of $5.03 million for the quarter, compared to analysts’ expectations of $4.89 million. VerifyMe had a negative return on equity of 11.64% and a negative net margin of 21.78%. As a group, equities research analysts forecast that VerifyMe will post -0.15 EPS for the current fiscal year.

Hedge Funds Weigh In On VerifyMe

Several large investors have recently added to or reduced their stakes in the business. Quantum Financial Planning Services Inc. bought a new stake in shares of VerifyMe during the 4th quarter worth $42,000. Centurion Wealth Management LLC purchased a new position in VerifyMe in the third quarter valued at about $34,000. Benchmark Financial Wealth Advisors LLC bought a new position in shares of VerifyMe during the 2nd quarter valued at approximately $28,000. Finally, Two Sigma Investments LP increased its stake 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 purchasing an additional 24,793 shares during the last quarter. 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.