Verra Mobility (NASDAQ:VRRM) Reaches New 12-Month Low – Here’s What Happened

Shares of Verra Mobility Corp (NASDAQ:VRRM) hit a new 52-week low on Thursday . The stock traded as low as $15.41 and last traded at $15.3070, with a volume of 134086 shares trading hands. The stock had previously closed at $15.73.

Wall Street Analyst Weigh In

A number of equities analysts have recently issued reports on the company. Weiss Ratings restated a “hold (c)” rating on shares of Verra Mobility in a research report on Monday, December 29th. Robert W. Baird set a $24.00 target price on Verra Mobility in a report on Wednesday, February 25th. Wall Street Zen downgraded shares of Verra Mobility from a “strong-buy” rating to a “hold” rating in a research report on Saturday, February 28th. Morgan Stanley lowered their price target on shares of Verra Mobility from $24.00 to $20.00 and set an “equal weight” rating for the company in a report on Wednesday, February 25th. Finally, JPMorgan Chase & Co. dropped their price target on shares of Verra Mobility from $24.00 to $21.00 and set a “neutral” rating on the stock in a research report on Monday, March 9th. Two investment analysts have rated the stock with a Buy rating and three have issued a Hold rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of $24.00.

Verra Mobility Stock Performance

The stock has a market capitalization of $2.26 billion, a P/E ratio of 17.59, a price-to-earnings-growth ratio of 2.46 and a beta of 0.60. The company has a current ratio of 2.10, a quick ratio of 2.00 and a debt-to-equity ratio of 3.49. The company has a 50-day moving average price of $19.27 and a two-hundred day moving average price of $21.90.

Verra Mobility (NASDAQ:VRRM) last announced its earnings results on Tuesday, February 24th. The company reported $0.30 EPS for the quarter, missing the consensus estimate of $0.32 by ($0.02). The business had revenue of $257.86 million for the quarter, compared to the consensus estimate of $241.17 million. Verra Mobility had a net margin of 13.95% and a return on equity of 57.45%. The firm’s revenue for the quarter was up 16.4% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.33 EPS. Verra Mobility has set its FY 2026 guidance at 1.320-1.380 EPS. On average, equities analysts forecast that Verra Mobility Corp will post 1.08 earnings per share for the current year.

Institutional Trading of Verra Mobility

Several large investors have recently modified their holdings of the stock. Caitong International Asset Management Co. Ltd grew its position in shares of Verra Mobility by 967.8% during the 4th quarter. Caitong International Asset Management Co. Ltd now owns 1,260 shares of the company’s stock worth $28,000 after buying an additional 1,142 shares during the period. River Road Asset Management LLC lifted its position in shares of Verra Mobility by 441.6% during the 4th quarter. River Road Asset Management LLC now owns 2,984,760 shares of the company’s stock valued at $66,888,000 after acquiring an additional 2,433,610 shares during the period. Empowered Funds LLC acquired a new position in shares of Verra Mobility during the 4th quarter valued at $109,000. XTX Topco Ltd boosted its stake in Verra Mobility by 896.8% during the fourth quarter. XTX Topco Ltd now owns 205,095 shares of the company’s stock worth $4,596,000 after acquiring an additional 184,519 shares in the last quarter. Finally, VARCOV Co. bought a new position in Verra Mobility during the fourth quarter worth $496,000.

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.