VerifyMe (NASDAQ:VRME) Trading 4% Higher – Still a Buy?

VerifyMe, Inc. (NASDAQ:VRME)’s stock price traded up 4% during trading on Tuesday . The stock traded as high as $0.6799 and last traded at $0.6601. 60,379 shares changed hands during mid-day trading, an increase of 1% from the average daily volume of 59,636 shares. The stock had previously closed at $0.6349.

Wall Street Analysts Forecast Growth

A number of brokerages have issued reports on VRME. Wall Street Zen downgraded VerifyMe from a “hold” rating to a “sell” rating in a report on Saturday, April 11th. Weiss Ratings reissued a “sell (d-)” rating on shares of VerifyMe in a research report on Monday, April 20th. One analyst has rated the stock with a Buy rating, one has issued a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, VerifyMe presently has an average rating of “Hold” and an average target price of $1.50.

VerifyMe Stock Performance

The stock’s 50-day moving average is $0.68 and its 200 day moving average is $0.85. The stock has a market capitalization of $8.66 million, a PE ratio of -1.74 and a beta of 0.33.

VerifyMe (NASDAQ:VRME) last announced its quarterly earnings results on Friday, May 15th. The company reported ($0.05) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.03) by ($0.02). VerifyMe had a negative net margin of 36.55% and a negative return on equity of 13.70%. The company had revenue of $1.77 million during the quarter, compared to analysts’ expectations of $2.23 million.

Institutional Trading of VerifyMe

Large investors have recently made changes to their positions in the company. Two Sigma Investments LP grew its stake in 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 buying an additional 24,793 shares during the last quarter. Quantum Financial Planning Services Inc. purchased a new stake in VerifyMe in the fourth quarter valued at approximately $42,000. State Street Corp boosted its holdings in shares of VerifyMe by 51.8% in the fourth quarter. State Street Corp now owns 77,359 shares of the company’s stock valued at $46,000 after acquiring an additional 26,400 shares during the period. Finally, LPL Financial LLC boosted its holdings in shares of 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 period. 8.79% of the stock is owned by institutional investors and hedge funds.

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.