VerifyMe (NASDAQ:VRME) Issues Earnings Results

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

VerifyMe Stock Down 4.4%

Shares of VRME stock opened at $0.66 on Friday. The stock’s 50-day moving average price is $0.66 and its 200 day moving average price is $0.80. The stock has a market capitalization of $8.66 million, a PE ratio of -1.65 and a beta of 0.32. VerifyMe has a 52-week low of $0.59 and a 52-week high of $1.51.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently modified their holdings of the stock. Two Sigma Investments LP raised its stake in shares of VerifyMe by 235.5% during the third 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. State Street Corp lifted its holdings in shares of VerifyMe by 51.8% during the fourth quarter. State Street Corp now owns 77,359 shares of the company’s stock worth $46,000 after purchasing an additional 26,400 shares during the period. Finally, LPL Financial LLC lifted its holdings in shares of VerifyMe by 71.4% during the fourth quarter. LPL Financial LLC now owns 380,812 shares of the company’s stock worth $229,000 after purchasing an additional 158,697 shares during the period. 8.79% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings reiterated a “sell (d-)” rating on shares of VerifyMe in a research report on Friday, July 17th. One equities research analyst has rated the stock with a Buy rating, one has assigned a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, VerifyMe presently has an average 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.