Barrington analyst Christopher Howe reiterated a Buy rating on VerifyMe (VRME – Research Report) today and set a price target of $8.00. The company’s shares opened today at $1.47.
Howe covers the Industrial Goods sector, focusing on stocks such as Columbus Mckinnon, Standex International, and Commercial Vehicle Group. According to TipRanks, Howe has an average return of 9.3% and a 43.02% success rate on recommended stocks.
The word on The Street in general, suggests a Moderate Buy analyst consensus rating for VerifyMe with a $7.50 average price target.
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VRME market cap is currently $12.02M and has a P/E ratio of -1.56.
Based on the recent corporate insider activity of 42 insiders, corporate insider sentiment is positive on the stock. This means that over the past quarter there has been an increase of insiders buying their shares of VRME in relation to earlier this year.
TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.
VerifyMe, Inc. engages in the provision of digital and physical solutions. It is able to deliver security solutions for identification and authentication of people, products and packaging in a variety of applications in the security field for physical transactions and owns digital patents which are in the same field. The company was founded by Norman A. Gardner on November 10, 1999 and is headquartered in Rochester, NY.
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