Verra Mobility Corp (VRRM) – What Are Brokerages Saying About This Stock?

Shares of Verra Mobility Corp (NASDAQ:VRRM) have been given a consensus recommendation of “Reduce” by the ten research firms that are currently covering the firm, Marketbeat.com reports. One analyst has rated the stock with a sell recommendation and nine have given a hold recommendation to the company. The average twelve-month target price among brokers that have updated their coverage on the stock in the last year is $7.00.

VRRM has been the topic of several recent research reports. Morgan Stanley set a $5.00 price objective on shares of Verra Mobility in a research note on Thursday, August 6th. UBS Group boosted their target price on shares of Verra Mobility from $4.00 to $6.00 and gave the company a “neutral” rating in a research report on Friday, August 7th. JPMorgan Chase & Co. raised shares of Verra Mobility from an “underweight” rating to a “neutral” rating and upped their target price for the company from $5.00 to $6.00 in a report on Monday, July 13th. Weiss Ratings reaffirmed a “sell (d)” rating on shares of Verra Mobility in a report on Monday, September 14th. Finally, Zacks Research upgraded shares of Verra Mobility from a “strong sell” rating to a “hold” rating in a research report on Thursday, August 13th.

Verra Mobility Price Performance

VRRM stock opened at $2.94 on Monday. Verra Mobility has a fifty-two week low of $2.77 and a fifty-two week high of $25.45. The business’s 50-day moving average is $3.99 and its two-hundred day moving average is $7.33. The company has a debt-to-equity ratio of 4.58, a quick ratio of 1.96 and a current ratio of 2.06. The company has a market cap of $446.83 million, a price-to-earnings ratio of 11.31 and a beta of 0.42.

Verra Mobility (NASDAQ:VRRM) last announced its earnings results on Wednesday, August 5th. The company reported $0.38 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.33 by $0.05. Verra Mobility had a return on equity of 64.39% and a net margin of 4.40%. The business had revenue of $263.59 million for the quarter, compared to analysts’ expectations of $254.81 million. During the same period last year, the firm posted $0.34 earnings per share. The business’s revenue for the quarter was up 11.7% on a year-over-year basis. As a group, analysts forecast that Verra Mobility will post 1.11 earnings per share for the current year.

Institutional Investors Weigh In On Verra Mobility

A number of hedge funds have recently modified their holdings of VRRM. Norges Bank bought a new position in Verra Mobility in the 4th quarter worth $68,608,000. River Road Asset Management LLC grew its holdings in Verra Mobility by 441.6% during the fourth quarter. River Road Asset Management LLC now owns 2,984,760 shares of the company’s stock valued at $66,888,000 after purchasing an additional 2,433,610 shares during the period. Bank of America Corp DE grew its holdings in Verra Mobility by 34.4% during the first quarter. Bank of America Corp DE now owns 1,576,119 shares of the company’s stock valued at $22,523,000 after purchasing an additional 403,638 shares during the period. Sei Investments Co. grew its holdings in Verra Mobility by 10.6% during the first quarter. Sei Investments Co. now owns 1,213,838 shares of the company’s stock valued at $17,346,000 after purchasing an additional 115,968 shares during the period. Finally, Punch & Associates Investment Management Inc. grew its holdings in Verra Mobility by 1.7% during the first quarter. Punch & Associates Investment Management Inc. now owns 1,147,170 shares of the company’s stock valued at $16,393,000 after purchasing an additional 19,610 shares during the period.

Verra Mobility Company Profile

Verra Mobility Corporation (NASDAQ: VRRM) is a smart mobility technology company that provides solutions designed to make transportation safer, more efficient and easier to manage. Its customers include government agencies, commercial fleets, rental car companies and other organizations that oversee vehicles, roads and transportation programs.

The company’s government solutions include automated traffic enforcement technologies and services, such as systems used to help administer red-light, speed, school-bus-stop-arm and other roadway safety programs.