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

VerifyMe (NASDAQ:VRME) had its price target hoisted by Barrington Research from $1.25 to $1.50 in a research note published on Thursday,Benzinga reports. Barrington Research currently has an outperform rating on the stock.

Separately, Maxim Group set a $1.50 price objective on VerifyMe and gave the stock a “buy” rating in a report on Wednesday, May 14th.

VerifyMe Price Performance

NASDAQ VRME opened at $0.91 on Thursday. VerifyMe has a one year low of $0.55 and a one year high of $5.00. The stock has a 50-day moving average of $0.80 and a 200 day moving average of $0.81. The company has a market capitalization of $11.27 million, a price-to-earnings ratio of -2.61 and a beta of 0.57. The company has a debt-to-equity ratio of 0.05, a quick ratio of 4.63 and a current ratio of 4.06.

VerifyMe (NASDAQ:VRME) last released its quarterly earnings data on Wednesday, August 13th. The company reported ($0.02) EPS for the quarter, topping the consensus estimate of ($0.06) by $0.04. VerifyMe had a negative return on equity of 14.32% and a negative net margin of 17.16%. The company had revenue of $4.52 million during the quarter, compared to the consensus estimate of $4.14 million. On average, sell-side analysts forecast that VerifyMe will post -0.15 EPS for the current year.

Institutional Investors Weigh In On VerifyMe

A number of large investors have recently made changes to their positions in VRME. Benchmark Financial Wealth Advisors LLC bought a new stake in shares of VerifyMe during the 2nd quarter valued at about $28,000. US Bancorp DE bought a new stake in shares of VerifyMe during the 1st quarter valued at about $30,000. Finally, SFE Investment Counsel grew its stake in shares of VerifyMe by 30.0% during the 1st quarter. SFE Investment Counsel now owns 130,000 shares of the company’s stock valued at $88,000 after purchasing an additional 30,000 shares during the period. 8.79% of the stock is currently owned by institutional investors.

About VerifyMe

VerifyMe, Inc, together with its subsidiary, PeriShip Global, LLC, operates as a technology solutions provider that specializes in products to connect brands with consumers and providing brands with end-to-end logistics management for their products. The company operates through two segments, VerifyMe Solutions and PeriShip Global Solutions.