Verra Mobility (NASDAQ:VRRM) Reaches New 1-Year Low – Here’s What Happened

Verra Mobility Corp (NASDAQ:VRRM) hit a new 52-week low during trading on Tuesday . The stock traded as low as $12.99 and last traded at $13.37, with a volume of 1687663 shares. The stock had previously closed at $13.10.

Analyst Ratings Changes

Several equities research analysts recently commented on the stock. Weiss Ratings lowered shares of Verra Mobility from a “hold (c-)” rating to a “sell (d+)” rating in a report on Monday, May 4th. Robert W. Baird set a $20.00 price target on shares of Verra Mobility in a report on Friday, May 8th. Morgan Stanley set a $15.00 price target on shares of Verra Mobility in a report on Thursday, May 7th. Wall Street Zen lowered shares of Verra Mobility from a “buy” rating to a “hold” rating in a report on Saturday, May 9th. Finally, Deutsche Bank Aktiengesellschaft reissued a “buy” rating and issued a $22.00 price target on shares of Verra Mobility in a report on Thursday, May 7th. Three analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, Verra Mobility has a consensus rating of “Hold” and an average price target of $21.00.

Verra Mobility Price Performance

The firm has a market cap of $2.02 billion, a PE ratio of 16.20, a price-to-earnings-growth ratio of 2.68 and a beta of 0.67. The stock’s fifty day moving average price is $14.56 and its 200-day moving average price is $18.65. The company has a debt-to-equity ratio of 3.76, a current ratio of 1.89 and a quick ratio of 1.77.

Verra Mobility (NASDAQ:VRRM) last released its earnings results on Wednesday, May 6th. The company reported $0.25 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.25. Verra Mobility had a net margin of 13.38% and a return on equity of 55.59%. The business had revenue of $223.57 million during the quarter, compared to analyst estimates of $223.34 million. During the same quarter in the prior year, the firm earned $0.30 earnings per share. The company’s revenue for the quarter was up .1% compared to the same quarter last year. Verra Mobility has set its FY 2026 guidance at 1.320-1.380 EPS. As a group, equities analysts expect that Verra Mobility Corp will post 1.22 EPS for the current fiscal year.

Institutional Investors Weigh In On Verra Mobility

A number of hedge funds have recently modified their holdings of the company. State of Wyoming lifted its position in Verra Mobility by 1.5% in the third quarter. State of Wyoming now owns 31,483 shares of the company’s stock valued at $778,000 after buying an additional 454 shares during the last quarter. Smartleaf Asset Management LLC lifted its position in Verra Mobility by 14.9% in the third quarter. Smartleaf Asset Management LLC now owns 3,922 shares of the company’s stock valued at $97,000 after buying an additional 508 shares during the last quarter. Victory Capital Management Inc. lifted its position in Verra Mobility by 1.1% in the third quarter. Victory Capital Management Inc. now owns 45,583 shares of the company’s stock valued at $1,126,000 after buying an additional 511 shares during the last quarter. EverSource Wealth Advisors LLC lifted its position in Verra Mobility by 35.2% in the third quarter. EverSource Wealth Advisors LLC now owns 2,020 shares of the company’s stock valued at $50,000 after buying an additional 526 shares during the last quarter. Finally, Lido Advisors LLC lifted its position in Verra Mobility by 6.3% in the third quarter. Lido Advisors LLC now owns 10,025 shares of the company’s stock valued at $248,000 after buying an additional 595 shares during the last quarter.

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.