Verra Mobility (NASDAQ:VRRM) Sets New 1-Year Low – Time to Sell?

Verra Mobility Corp (NASDAQ:VRRM)’s share price hit a new 52-week low during trading on Thursday . The company traded as low as $19.51 and last traded at $19.75, with a volume of 104689 shares traded. The stock had previously closed at $19.84.

Wall Street Analyst Weigh In

VRRM has been the subject of a number of recent research reports. Weiss Ratings reiterated a “hold (c)” rating on shares of Verra Mobility in a research note on Monday, December 29th. JPMorgan Chase & Co. assumed coverage on Verra Mobility in a report on Monday. They issued a “neutral” rating and a $25.00 target price on the stock. UBS Group lifted their price target on Verra Mobility from $29.00 to $31.00 and gave the stock a “buy” rating in a report on Thursday, October 30th. Finally, Wall Street Zen raised Verra Mobility from a “buy” rating to a “strong-buy” rating in a research report on Saturday, December 20th. Two equities research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company. According to MarketBeat, Verra Mobility presently has a consensus rating of “Hold” and an average target price of $27.25.

Verra Mobility Stock Down 0.8%

The firm’s 50 day simple moving average is $21.97 and its 200-day simple moving average is $23.45. The company has a market cap of $3.14 billion, a price-to-earnings ratio of 61.49, a P/E/G ratio of 3.18 and a beta of 0.60. The company has a debt-to-equity ratio of 2.55, a current ratio of 2.45 and a quick ratio of 2.35.

Verra Mobility (NASDAQ:VRRM) last posted its earnings results on Wednesday, October 29th. The company reported $0.37 earnings per share for the quarter, beating the consensus estimate of $0.34 by $0.03. The business had revenue of $261.94 million during the quarter, compared to the consensus estimate of $237.68 million. Verra Mobility had a return on equity of 60.72% and a net margin of 5.42%.The business’s quarterly revenue was up 16.1% on a year-over-year basis. During the same period in the previous year, the business earned $0.32 EPS. As a group, sell-side analysts anticipate that Verra Mobility Corp will post 1.08 earnings per share for the current year.

Institutional Investors Weigh In On Verra Mobility

Large investors have recently modified their holdings of the company. JPMorgan Chase & Co. increased its holdings in shares of Verra Mobility by 4.7% in the 3rd quarter. JPMorgan Chase & Co. now owns 6,223,576 shares of the company’s stock valued at $153,722,000 after acquiring an additional 281,465 shares during the period. William Blair Investment Management LLC grew its position in Verra Mobility by 34.7% during the 3rd quarter. William Blair Investment Management LLC now owns 3,479,448 shares of the company’s stock worth $85,942,000 after purchasing an additional 896,564 shares during the last quarter. American Century Companies Inc. raised its holdings in shares of Verra Mobility by 11.2% in the second quarter. American Century Companies Inc. now owns 2,570,738 shares of the company’s stock valued at $65,271,000 after buying an additional 259,330 shares during the last quarter. Sunriver Management LLC boosted its stake in shares of Verra Mobility by 10.7% during the third quarter. Sunriver Management LLC now owns 2,284,774 shares of the company’s stock worth $56,434,000 after buying an additional 219,976 shares during the period. Finally, Snyder Capital Management L P grew its holdings in shares of Verra Mobility by 5.4% during the third quarter. Snyder Capital Management L P now owns 2,170,280 shares of the company’s stock worth $53,606,000 after buying an additional 110,645 shares during the last quarter.

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.