VerifyMe (NASDAQ:VRME) Shares Down 0.6% – Here’s What Happened

Shares of VerifyMe, Inc. (NASDAQ:VRME) traded down 0.6% on Friday . The company traded as low as $0.66 and last traded at $0.6763. 247,850 shares traded hands during mid-day trading, an increase of 232% from the average session volume of 74,637 shares. The stock had previously closed at $0.6802.

Wall Street Analyst Weigh In

A number of research analysts recently weighed in on the stock. Wall Street Zen lowered shares of 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 report on Monday, April 20th. Finally, Zacks Research lowered shares of VerifyMe from a “strong-buy” rating to a “hold” rating in a report on Wednesday, February 11th. One investment analyst has rated the stock with a Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price of $1.50.

VerifyMe Stock Down 0.6%

The firm’s 50 day simple moving average is $0.77 and its 200 day simple moving average is $0.86. The company has a market capitalization of $8.87 million, a PE ratio of -1.78 and a beta of 0.34.

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

Institutional Investors Weigh In On VerifyMe

Institutional investors and hedge funds have recently modified their holdings of the business. Two Sigma Investments LP lifted 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 acquiring an additional 24,793 shares during the last quarter. Quantum Financial Planning Services Inc. purchased a new position in VerifyMe in the 4th quarter worth about $42,000. State Street Corp increased 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 buying an additional 26,400 shares during the period. Finally, LPL Financial LLC increased 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 buying an additional 158,697 shares during the period. 8.79% of the stock is owned by institutional investors.

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.