Insider Buying: VerifyMe, Inc. (NASDAQ:VRME) CEO Buys 14,441 Shares of Stock

VerifyMe, Inc. (NASDAQ:VRMEGet Free Report) CEO Adam H. Stedham purchased 14,441 shares of the stock in a transaction on Tuesday, December 26th. The stock was acquired at an average price of $1.04 per share, with a total value of $15,018.64. Following the acquisition, the chief executive officer now directly owns 169,909 shares in the company, valued at $176,705.36. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available through this link.

VerifyMe Price Performance

NASDAQ VRME remained flat at $1.10 on Thursday. The company’s stock had a trading volume of 42,078 shares, compared to its average volume of 152,924. The firm’s 50-day moving average is $1.08 and its 200-day moving average is $1.18. VerifyMe, Inc. has a 52-week low of $0.85 and a 52-week high of $2.27. The firm has a market capitalization of $10.99 million, a price-to-earnings ratio of -3.26 and a beta of 1.00. The company has a quick ratio of 1.53, a current ratio of 1.55 and a debt-to-equity ratio of 0.18.

VerifyMe (NASDAQ:VRMEGet Free Report) last announced its earnings results on Wednesday, November 8th. The company reported ($0.06) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.08) by $0.02. VerifyMe had a negative return on equity of 20.65% and a negative net margin of 12.48%. The company had revenue of $5.60 million for the quarter, compared to analyst estimates of $5.50 million. As a group, sell-side analysts expect that VerifyMe, Inc. will post -0.24 EPS for the current fiscal year.

Institutional Investors Weigh In On VerifyMe

Several institutional investors and hedge funds have recently made changes to their positions in the company. SFE Investment Counsel raised its position in shares of VerifyMe by 7.2% during the 2nd quarter. SFE Investment Counsel now owns 160,800 shares of the company’s stock valued at $222,000 after acquiring an additional 10,800 shares in the last quarter. Renaissance Technologies LLC raised its position in shares of VerifyMe by 52.4% during the 2nd quarter. Renaissance Technologies LLC now owns 46,200 shares of the company’s stock valued at $64,000 after acquiring an additional 15,892 shares in the last quarter. Citadel Advisors LLC acquired a new stake in shares of VerifyMe during the 3rd quarter valued at approximately $27,000. LPL Financial LLC acquired a new stake in shares of VerifyMe during the 2nd quarter valued at approximately $67,000. Finally, HighTower Advisors LLC raised its position in shares of VerifyMe by 492.0% during the 1st quarter. HighTower Advisors LLC now owns 89,095 shares of the company’s stock valued at $171,000 after acquiring an additional 74,046 shares in the last quarter. 13.11% of the stock is owned by institutional investors and hedge funds.

VerifyMe Company Profile

(Get Free Report)

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.

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Insider Buying and Selling by Quarter for VerifyMe (NASDAQ:VRME)

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