Verra Mobility (NASDAQ:VRRM) Sets New 12-Month High at $25.83

Verra Mobility Co. (NASDAQ:VRRM) hit a new 52-week high on Friday . The company traded as high as $25.83 and last traded at $25.20, with a volume of 261457 shares. The stock had previously closed at $24.09.

Wall Street Analysts Forecast Growth

Separately, Morgan Stanley increased their target price on Verra Mobility from $19.00 to $20.00 and gave the stock an “equal weight” rating in a report on Tuesday, February 27th.

Verra Mobility Trading Up 7.6 %

The stock has a market cap of $4.30 billion, a price-to-earnings ratio of 51.86, a P/E/G ratio of 1.81 and a beta of 1.16. The business has a 50-day simple moving average of $23.79 and a two-hundred day simple moving average of $22.31. The company has a debt-to-equity ratio of 2.44, a quick ratio of 1.96 and a current ratio of 2.05.

Verra Mobility (NASDAQ:VRRM) last announced its quarterly earnings data on Thursday, February 29th. The company reported $0.22 EPS for the quarter, missing analysts’ consensus estimates of $0.24 by ($0.02). The business had revenue of $211.01 million during the quarter, compared to the consensus estimate of $201.76 million. Verra Mobility had a return on equity of 38.29% and a net margin of 9.77%. As a group, research analysts forecast that Verra Mobility Co. will post 1.07 EPS for the current year.

Insider Transactions at Verra Mobility

In other Verra Mobility news, insider Jonathan Keyser sold 7,789 shares of the firm’s stock in a transaction that occurred on Monday, March 4th. The stock was sold at an average price of $22.41, for a total value of $174,551.49. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. In other Verra Mobility news, insider Jonathan Keyser sold 7,789 shares of the company’s stock in a transaction on Monday, March 4th. The shares were sold at an average price of $22.41, for a total transaction of $174,551.49. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Director John H. Rexford sold 10,000 shares of the stock in a transaction on Tuesday, March 12th. The shares were sold at an average price of $22.82, for a total transaction of $228,200.00. Following the completion of the sale, the director now owns 41,275 shares of the company’s stock, valued at approximately $941,895.50. The disclosure for this sale can be found here. Company insiders own 0.96% of the company’s stock.

Hedge Funds Weigh In On Verra Mobility

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Vanguard Group Inc. boosted its holdings in shares of Verra Mobility by 16.4% during the 3rd quarter. Vanguard Group Inc. now owns 17,409,355 shares of the company’s stock worth $325,555,000 after buying an additional 2,447,297 shares during the period. American Century Companies Inc. lifted its position in Verra Mobility by 1,439.4% during the third quarter. American Century Companies Inc. now owns 1,707,090 shares of the company’s stock worth $31,923,000 after acquiring an additional 1,596,194 shares during the last quarter. Principal Financial Group Inc. boosted its holdings in shares of Verra Mobility by 67.0% during the fourth quarter. Principal Financial Group Inc. now owns 3,676,017 shares of the company’s stock worth $84,659,000 after acquiring an additional 1,474,740 shares during the period. Norges Bank bought a new stake in shares of Verra Mobility during the fourth quarter worth approximately $21,740,000. Finally, Mackenzie Financial Corp grew its position in shares of Verra Mobility by 12.9% in the third quarter. Mackenzie Financial Corp now owns 7,136,476 shares of the company’s stock valued at $133,523,000 after purchasing an additional 812,723 shares during the last quarter.

About Verra Mobility

Verra Mobility Corporation provides smart mobility technology solutions and services in the United States, Australia, Canada, and Europe. It operates through three segments: Commercial Services, Government Solutions, and Parking Solutions. The Commercial Services segment provides automated toll and violations management, and title and registration services to rental car companies, fleet management companies, and other large fleet owners.