Verra Mobility (NASDAQ:VRRM) Hits New 52-Week Low – What’s Next?

Verra Mobility Corp (NASDAQ:VRRM) hit a new 52-week low during mid-day trading on Wednesday . The company traded as low as $14.76 and last traded at $14.85, with a volume of 1601307 shares trading hands. The stock had previously closed at $14.89.

Wall Street Analysts Forecast Growth

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

Verra Mobility Stock Down 0.5%

The firm has a market cap of $2.20 billion, a P/E ratio of 17.07, a price-to-earnings-growth ratio of 2.37 and a beta of 0.60. The company’s 50-day simple moving average is $18.61 and its 200 day simple moving average is $21.62. The company has a debt-to-equity ratio of 3.49, a current ratio of 2.10 and a quick ratio of 2.00.

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

Institutional Investors Weigh In On Verra Mobility

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Wellington Management Group LLP boosted its holdings in shares of Verra Mobility by 4.9% in the 4th quarter. Wellington Management Group LLP now owns 7,059,237 shares of the company’s stock worth $158,198,000 after purchasing an additional 329,264 shares during the period. JPMorgan Chase & Co. raised its holdings in Verra Mobility by 4.7% during the 3rd quarter. JPMorgan Chase & Co. now owns 6,223,576 shares of the company’s stock valued at $153,722,000 after buying an additional 281,465 shares during the period. Morgan Stanley lifted its position in Verra Mobility by 44.8% in the fourth quarter. Morgan Stanley now owns 4,194,005 shares of the company’s stock worth $93,988,000 after buying an additional 1,296,602 shares during the last quarter. William Blair Investment Management LLC lifted its position in Verra Mobility by 34.7% in the third quarter. William Blair Investment Management LLC now owns 3,479,448 shares of the company’s stock worth $85,942,000 after buying an additional 896,564 shares during the last quarter. Finally, Dimensional Fund Advisors LP boosted its stake in Verra Mobility by 0.7% during the fourth quarter. Dimensional Fund Advisors LP now owns 3,316,850 shares of the company’s stock worth $74,333,000 after buying an additional 24,682 shares during the period.

About Verra Mobility

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.