Verra Mobility (NASDAQ:VRRM) Reaches New 52-Week High at $27.79

Verra Mobility Co. (NASDAQ:VRRM) shares reached a new 52-week high on Wednesday . The stock traded as high as $27.79 and last traded at $27.68, with a volume of 26142 shares changing hands. The stock had previously closed at $27.55.

Analysts Set New Price Targets

Separately, Morgan Stanley boosted their target price on shares of Verra Mobility from $19.00 to $20.00 and gave the stock an “equal weight” rating in a research report on Tuesday, February 27th.

Verra Mobility Stock Performance

The firm has a market capitalization of $4.59 billion, a PE ratio of 55.10, a PEG ratio of 1.83 and a beta of 1.16. The firm’s fifty day moving average is $24.50 and its two-hundred day moving average is $22.67. The company has a debt-to-equity ratio of 2.31, a current ratio of 2.75 and a quick ratio of 2.64.

Verra Mobility (NASDAQ:VRRM) last released its quarterly earnings results on Thursday, February 29th. The company reported $0.22 earnings per share for the quarter, missing the consensus estimate of $0.24 by ($0.02). Verra Mobility had a return on equity of 37.87% and a net margin of 9.77%. The firm had revenue of $211.01 million for the quarter, compared to analysts’ expectations of $201.76 million. On average, equities analysts predict that Verra Mobility Co. will post 1.09 EPS for the current fiscal year.

Insider Buying and Selling

In other Verra Mobility news, Director John H. Rexford sold 10,000 shares of the business’s stock in a transaction dated Tuesday, March 12th. The shares were sold at an average price of $22.82, for a total value of $228,200.00. Following the transaction, the director now directly owns 41,275 shares in the company, valued at $941,895.50. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. In other Verra Mobility news, Director John H. Rexford sold 10,000 shares of the business’s stock in a transaction dated Tuesday, March 12th. The shares were sold at an average price of $22.82, for a total value of $228,200.00. Following the transaction, the director now directly owns 41,275 shares in the company, valued at $941,895.50. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, insider Jonathan Keyser sold 7,789 shares of the business’s stock in a transaction dated Monday, March 4th. The shares were sold at an average price of $22.41, for a total transaction of $174,551.49. The disclosure for this sale can be found here. 0.96% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of VRRM. Allspring Global Investments Holdings LLC bought a new position in Verra Mobility in the 1st quarter worth approximately $26,000. Pacer Advisors Inc. boosted its holdings in Verra Mobility by 98.0% in the 4th quarter. Pacer Advisors Inc. now owns 1,905 shares of the company’s stock worth $44,000 after buying an additional 943 shares during the period. Assetmark Inc. bought a new position in Verra Mobility in the 3rd quarter worth approximately $58,000. Montag A & Associates Inc. bought a new position in Verra Mobility in the 4th quarter worth approximately $60,000. Finally, NBC Securities Inc. bought a new position in Verra Mobility in the 3rd quarter worth approximately $62,000.

Verra Mobility Company Profile

Verra Mobility Corporation provides smart mobility technology solutions and services in the United States, Australia, Canada, and Europe. It operates through three segments: Commercial Services, Government Solutions, and Parking Solutions. The Commercial Services segment provides automated toll and violations management, and title and registration services to rental car companies, fleet management companies, and other large fleet owners.