VerifyMe (NASDAQ:VRME) Stock Price Expected to Rise, Barrington Research Analyst Says

VerifyMe (NASDAQ:VRME) had its price objective hoisted by investment analysts at Barrington Research from $1.00 to $1.50 in a report issued on Tuesday,Benzinga reports. The brokerage presently has an “outperform” rating on the stock. Barrington Research’s price objective suggests a potential upside of 40.85% from the company’s current price.

VRME has been the subject of several other reports. Weiss Ratings reissued a “sell (d-)” rating on shares of VerifyMe in a research report on Wednesday, October 8th. Wall Street Zen raised shares of VerifyMe to a “hold” rating in a research report on Saturday, October 11th. Two investment analysts have rated the stock with a Buy 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 a consensus price target of $1.50.

VerifyMe Stock Up 0.5%

VerifyMe stock opened at $1.07 on Tuesday. The stock has a 50-day simple moving average of $0.76 and a 200 day simple moving average of $0.86. VerifyMe has a 12-month low of $0.55 and a 12-month high of $5.00. The stock has a market capitalization of $13.25 million, a price-to-earnings ratio of -2.83 and a beta of 0.30.

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

Hedge Funds Weigh In On VerifyMe

Several large investors have recently modified their holdings of the stock. Benchmark Financial Wealth Advisors LLC purchased a new position in shares of VerifyMe during the second quarter valued at approximately $28,000. Centurion Wealth Management LLC acquired a new stake in shares of VerifyMe during the third quarter valued at $34,000. Finally, Two Sigma Investments LP increased its position 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 acquiring an additional 24,793 shares during the last quarter. Hedge funds and other institutional investors own 8.79% of the company’s stock.

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.