VerifyMe (NASDAQ:VRME) Posts Quarterly Earnings Results, Meets Estimates

VerifyMe (NASDAQ:VRME) announced its quarterly earnings results on Friday. The company reported ($0.05) earnings per share (EPS) for the quarter, meeting the consensus estimate of ($0.05), FiscalAI reports. VerifyMe had a negative net margin of 29.91% and a negative return on equity of 11.72%. The company had revenue of $1.77 million during the quarter, compared to analyst estimates of $2.23 million.

VerifyMe Stock Performance

NASDAQ VRME traded up $0.03 on Friday, reaching $0.72. The company had a trading volume of 72,249 shares, compared to its average volume of 2,710,540. The firm has a market capitalization of $9.45 million, a price-to-earnings ratio of -1.90 and a beta of 0.40. VerifyMe has a 1-year low of $0.59 and a 1-year high of $1.51. The company’s fifty day moving average is $0.85 and its 200-day moving average is $0.89.

Hedge Funds Weigh In On VerifyMe

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. LPL Financial LLC boosted its stake in VerifyMe by 71.4% in the 4th 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. State Street Corp boosted its stake in VerifyMe by 51.8% in the 4th 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, Two Sigma Investments LP boosted its stake in VerifyMe by 235.5% in 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 period. 8.79% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

VRME has been the subject of several research analyst reports. Weiss Ratings reissued a “sell (d-)” rating on shares of VerifyMe in a report on Monday, April 20th. Zacks Research lowered shares of VerifyMe from a “strong-buy” rating to a “hold” rating in a report on Wednesday, February 11th. Finally, Wall Street Zen lowered shares of VerifyMe from a “hold” rating to a “sell” rating in a report on Saturday, April 11th. One research analyst has rated the stock with a Buy rating, one has issued a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and an average target price of $1.50.

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.