Verra Mobility (NASDAQ:VRRM) Rating Increased to Strong-Buy at Wall Street Zen

Wall Street Zen upgraded shares of Verra Mobility (NASDAQ:VRRM) from a buy rating to a strong-buy rating in a research note released on Saturday.

A number of other research firms have also issued reports on VRRM. Weiss Ratings reiterated a “hold (c-)” rating on shares of Verra Mobility in a research note on Monday, December 8th. UBS Group increased their price objective on shares of Verra Mobility from $29.00 to $31.00 and gave the company a “buy” rating in a research report on Thursday, October 30th. One equities research analyst has rated the stock with a Strong Buy rating, two have given a Buy rating and two have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, Verra Mobility presently has an average rating of “Moderate Buy” and an average target price of $28.00.

Verra Mobility Stock Performance

Shares of VRRM stock opened at $22.12 on Friday. The company has a current ratio of 2.45, a quick ratio of 2.35 and a debt-to-equity ratio of 2.55. The company has a market cap of $3.53 billion, a PE ratio of 69.13, a P/E/G ratio of 3.63 and a beta of 0.62. The company’s fifty day simple moving average is $22.69 and its 200-day simple moving average is $23.94. Verra Mobility has a 52 week low of $19.51 and a 52 week high of $27.20.

Verra Mobility (NASDAQ:VRRM) last announced its quarterly earnings results on Wednesday, October 29th. The company reported $0.37 earnings per share for the quarter, topping analysts’ consensus estimates of $0.34 by $0.03. Verra Mobility had a net margin of 5.42% and a return on equity of 60.72%. The firm had revenue of $261.94 million during the quarter, compared to analysts’ expectations of $237.68 million. During the same period in the prior year, the company earned $0.32 EPS. The firm’s revenue was up 16.1% on a year-over-year basis. Verra Mobility has set its FY 2025 guidance at 1.300-1.350 EPS. As a group, equities research analysts anticipate that Verra Mobility will post 1.08 EPS for the current year.

Institutional Trading of Verra Mobility

A number of hedge funds have recently made changes to their positions in VRRM. Nuveen LLC acquired a new stake in Verra Mobility during the first quarter valued at approximately $10,209,000. HighTower Advisors LLC raised its position in shares of Verra Mobility by 7.9% during the 1st quarter. HighTower Advisors LLC now owns 12,433 shares of the company’s stock valued at $280,000 after acquiring an additional 911 shares in the last quarter. Russell Investments Group Ltd. lifted its stake in Verra Mobility by 115.9% during the first quarter. Russell Investments Group Ltd. now owns 138,818 shares of the company’s stock worth $3,125,000 after purchasing an additional 74,513 shares during the last quarter. Northern Trust Corp boosted its holdings in Verra Mobility by 3.5% in the first quarter. Northern Trust Corp now owns 2,426,306 shares of the company’s stock worth $54,616,000 after purchasing an additional 83,168 shares during the period. Finally, Quantbot Technologies LP acquired a new position in Verra Mobility in the first quarter worth $226,000.

Verra Mobility Company Profile

Verra Mobility, traded on the Nasdaq under the ticker VRRM, is a leading provider of smart mobility solutions designed to improve safety, efficiency and compliance for transportation authorities and commercial fleets. The company develops and operates automated traffic enforcement systems, toll and violation management platforms, and connected-vehicle services. Through its technology offerings, Verra Mobility helps public agencies enhance road safety, reduce congestion and streamline revenue collection for tolling and parking.

Verra Mobility’s core products include red-light and speed-camera enforcement programs, license plate recognition systems, and cloud-based violation processing software.