Verra Mobility Corp $VRRM Shares Acquired by Prescott Group Capital Management L.L.C.

Prescott Group Capital Management L.L.C. increased its position in shares of Verra Mobility Corp (NASDAQ:VRRM) by 130.9% during the third quarter, Holdings Channel reports. The institutional investor owned 666,350 shares of the company’s stock after purchasing an additional 377,823 shares during the period. Prescott Group Capital Management L.L.C.’s holdings in Verra Mobility were worth $2,066,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. New York State Teachers Retirement System grew its stake in Verra Mobility by 2.2% in the first quarter. New York State Teachers Retirement System now owns 61,907 shares of the company’s stock valued at $885,000 after acquiring an additional 1,351 shares during the period. PNC Financial Services Group Inc. raised its position in shares of Verra Mobility by 10.7% during the first quarter. PNC Financial Services Group Inc. now owns 19,403 shares of the company’s stock worth $277,000 after purchasing an additional 1,876 shares during the period. Pictet Asset Management Holding SA lifted its holdings in shares of Verra Mobility by 9.4% in the 1st quarter. Pictet Asset Management Holding SA now owns 26,184 shares of the company’s stock worth $374,000 after purchasing an additional 2,240 shares in the last quarter. GAMMA Investing LLC lifted its holdings in shares of Verra Mobility by 34.1% in the 2nd quarter. GAMMA Investing LLC now owns 11,142 shares of the company’s stock worth $47,000 after purchasing an additional 2,832 shares in the last quarter. Finally, Lido Advisors LLC grew its position in Verra Mobility by 31.5% in the 1st quarter. Lido Advisors LLC now owns 13,744 shares of the company’s stock valued at $196,000 after purchasing an additional 3,289 shares during the period.

Verra Mobility Stock Down 0.7%

Verra Mobility stock opened at $2.66 on Wednesday. Verra Mobility Corp has a fifty-two week low of $2.51 and a fifty-two week high of $23.50. The company has a debt-to-equity ratio of 3.86, a quick ratio of 1.97 and a current ratio of 2.05. The firm’s 50-day simple moving average is $3.36 and its 200 day simple moving average is $9.39. The stock has a market cap of $404.27 million, a PE ratio of 11.08 and a beta of 0.45.

Verra Mobility (NASDAQ:VRRM) last posted its quarterly earnings data on Friday, October 30th. The company reported $0.36 EPS for the quarter, beating the consensus estimate of $0.26 by $0.10. Verra Mobility had a net margin of 3.77% and a return on equity of 71.65%. The firm had revenue of $258.88 million during the quarter, compared to analyst estimates of $240.57 million. During the same quarter last year, the business posted $0.37 EPS. The company’s revenue for the quarter was down 1.2% on a year-over-year basis. Research analysts predict that Verra Mobility Corp will post 1.10 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of brokerages have commented on VRRM. Zacks Research upgraded shares of Verra Mobility from a “strong sell” rating to a “hold” rating in a research note on Thursday, August 13th. Morgan Stanley set a $5.00 price objective on shares of Verra Mobility in a research note on Thursday, August 6th. JPMorgan Chase & Co. lowered shares of Verra Mobility from a “neutral” rating to an “underweight” rating in a research note on Tuesday. Weiss Ratings reiterated a “sell (d)” rating on shares of Verra Mobility in a report on Monday, September 14th. Finally, UBS Group boosted their target price on shares of Verra Mobility from $4.00 to $6.00 and gave the stock a “neutral” rating in a research report on Friday, August 7th. Eight analysts have rated the stock with a Hold rating and two have assigned a Sell rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Reduce” and a consensus target price of $6.83.

Verra Mobility Company Profile

Verra Mobility Corporation (NASDAQ:VRRM) provides smart mobility technology and services designed to improve transportation safety, efficiency and compliance. The company develops cloud-based solutions that help government agencies, commercial fleets and mobility providers manage transportation-related processes and data.

Its government solutions include automated safety enforcement programs for red-light, speed, school-zone and bus-lane violations, as well as technology supporting school bus safety initiatives.