VerifyMe, Inc. (NASDAQ:VRME) Director Arthur B. Laffer Acquires 7,395 Shares

VerifyMe, Inc. (NASDAQ:VRME) Director Arthur B. Laffer purchased 7,395 shares of the business’s stock in a transaction dated Monday, March 25th. The shares were acquired at an average price of $1.36 per share, for a total transaction of $10,057.20. Following the acquisition, the director now owns 279,911 shares of the company’s stock, valued at approximately $380,678.96. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website.

VerifyMe Trading Up 0.7 %

Shares of NASDAQ VRME opened at $1.41 on Wednesday. VerifyMe, Inc. has a twelve month low of $0.85 and a twelve month high of $2.27. The firm has a fifty day simple moving average of $1.18 and a 200 day simple moving average of $1.13. The company has a debt-to-equity ratio of 0.18, a current ratio of 1.55 and a quick ratio of 1.53.

Hedge Funds Weigh In On VerifyMe

A number of hedge funds have recently bought and sold shares of the company. Vanguard Group Inc. raised its stake in VerifyMe by 14.6% during the fourth quarter. Vanguard Group Inc. now owns 217,986 shares of the company’s stock worth $244,000 after buying an additional 27,792 shares during the last quarter. MML Investors Services LLC bought a new position in VerifyMe during the first quarter worth $383,000. HighTower Advisors LLC increased its stake in VerifyMe by 492.0% in the first quarter. HighTower Advisors LLC now owns 89,095 shares of the company’s stock valued at $171,000 after purchasing an additional 74,046 shares in the last quarter. LPL Financial LLC bought a new stake in VerifyMe in the second quarter valued at $67,000. Finally, Renaissance Technologies LLC increased its stake in VerifyMe by 52.4% in the second quarter. Renaissance Technologies LLC now owns 46,200 shares of the company’s stock valued at $64,000 after purchasing an additional 15,892 shares in the last quarter. Institutional investors own 8.79% of the company’s stock.

Wall Street Analysts Forecast Growth

Separately, Barrington Research reissued an “outperform” rating and set a $1.70 target price on shares of VerifyMe in a research note on Friday, March 22nd.

VerifyMe Company Profile

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.