In a report released yesterday, Jack Vander Aarde from Maxim Group reiterated a Buy rating on VerifyMe (VRME – Research Report), with a price target of $5.00. The company’s shares closed yesterday at $1.58.
According to TipRanks, Vander Aarde is a 5-star analyst with an average return of 23.6% and a 34.68% success rate. Vander Aarde covers the Technology sector, focusing on stocks such as VerifyMe, Avid Technology, and Inuvo.
VerifyMe has an analyst consensus of Moderate Buy, with a price target consensus of $3.50, implying a 121.52% upside from current levels. In a report released on May 12, Barrington also maintained a Buy rating on the stock with a $2.00 price target.
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VRME market cap is currently $14.84M and has a P/E ratio of -0.90.
Based on the recent corporate insider activity of 45 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.
Read More on VRME:
- VerifyMe Reports First Quarter 2023 Financial Results
- VerifyMe reports Q4 revenue $9.7M vs. $300,000 last year
- VerifyMe Reports Positive Net Income in Fourth Quarter 2022 Financial Results
- VerifyMe (VRME) Q4 Earnings Cheat Sheet
- VerifyMe CEO Patrick White departs, Executive Chairman appointed Interim CEO
