Fintel reports that on August 14, 2023, Maxim Group maintained coverage of VerifyMe (NASDAQ:VRME) with a Buy recommendation.
Analyst Price Forecast Suggests 218.75% Upside
As of August 2, 2023, the average one-year price target for VerifyMe is 3.57. The forecasts range from a low of 2.02 to a high of $5.25. The average price target represents an increase of 218.75% from its latest reported closing price of 1.12.
See our leaderboard of companies with the largest price target upside.
The projected annual revenue for VerifyMe is 27MM, an increase of 3.32%. The projected annual non-GAAP EPS is -0.29.
What is the Fund Sentiment?
There are 19 funds or institutions reporting positions in VerifyMe. This is unchanged over the last quarter. Average portfolio weight of all funds dedicated to VRME is 0.00%, a decrease of 26.03%. Total shares owned by institutions increased in the last three months by 3.50% to 804K shares.
What are Other Shareholders Doing?
Mml Investors Services holds 199K shares representing 2.12% ownership of the company. No change in the last quarter.
SFE Investment Counsel holds 161K shares representing 1.71% ownership of the company. In it's prior filing, the firm reported owning 150K shares, representing an increase of 6.72%. The firm decreased its portfolio allocation in VRME by 25.62% over the last quarter.
VEXMX - Vanguard Extended Market Index Fund Investor Shares holds 105K shares representing 1.12% ownership of the company. No change in the last quarter.
HighTower Advisors holds 99K shares representing 1.06% ownership of the company. In it's prior filing, the firm reported owning 89K shares, representing an increase of 10.10%. The firm decreased its portfolio allocation in VRME by 27.73% over the last quarter.
VTSMX - Vanguard Total Stock Market Index Fund Investor Shares holds 85K shares representing 0.91% ownership of the company. No change in the last quarter.
VerifyMe Background Information
(This description is provided by the company.)
VerifyMe, Inc. is a technology solutions provider specializing in brand protection functions such as counterfeit prevention, authentication, serialization, and track and trace features for labels, packaging and products. VerifyMe’s physical technology authenticates packaging, labels and documents with a suite of proprietary security inks and pigments, which work in conjunction with serialization and track and trace software known as VeriPAS™ that allows both consumers and brand inspectors to verify authenticity with their smartphones. VeriPAS™ is a serialization software system that brand owners access through a web portal to monitor, control and protect their products complete life cycle.
Additional reading:
- VerifyMe Reports Second Quarter 2023 Financial Results
- Protect your brand. Grow your business. Second Quarter 2023 Investor Conference Call August 10, 2023 www.VerifyMe.com NASDAQ:VRME 1
- VERIFYME, INC. 2020 EQUITY INCENTIVE PLAN RESTRICTED STOCK UNIT AWARD AGREEMENT
- VERIFYME, INC. 2020 EQUITY INCENTIVE PLAN RESTRICTED STOCK UNIT AWARD AGREEMENT
- Separation Agreement and Release of All Claims
This story originally appeared on Fintel.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
