Verra Mobility Corp (NASDAQ:VRRM) Receives Consensus Rating of “Buy” from Analysts

Shares of Verra Mobility Corp (NASDAQ:VRRM) have been given an average recommendation of “Buy” by the five brokerages that are covering the firm, MarketBeat Ratings reports. One investment analyst has rated the stock with a hold rating, three have issued a buy rating and one has assigned a strong buy rating to the company. The average twelve-month price target among brokerages that have covered the stock in the last year is $27.38.

VRRM has been the subject of several analyst reports. Robert W. Baird upped their target price on Verra Mobility from $27.00 to $28.00 and gave the company an “outperform” rating in a report on Thursday, May 8th. Morgan Stanley reduced their price target on Verra Mobility from $25.00 to $23.00 and set an “equal weight” rating on the stock in a research report on Thursday, March 27th. UBS Group cut their target price on Verra Mobility from $31.50 to $29.50 and set a “buy” rating on the stock in a research report on Thursday, May 8th. Baird R W raised Verra Mobility from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, April 22nd. Finally, Wall Street Zen raised Verra Mobility from a “buy” rating to a “strong-buy” rating in a research report on Saturday.

Insider Buying and Selling at Verra Mobility

In other Verra Mobility news, insider Jonathan Keyser sold 18,719 shares of the business’s stock in a transaction on Friday, May 9th. The stock was sold at an average price of $24.28, for a total transaction of $454,497.32. Following the sale, the insider directly owned 1,179 shares in the company, valued at approximately $28,626.12. The trade was a 94.07% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 1.05% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Verra Mobility

Institutional investors and hedge funds have recently made changes to their positions in the business. Vanguard Group Inc. raised its holdings in shares of Verra Mobility by 0.9% in the fourth quarter. Vanguard Group Inc. now owns 17,612,101 shares of the company’s stock worth $425,861,000 after acquiring an additional 159,348 shares during the last quarter. Price T Rowe Associates Inc. MD increased its stake in Verra Mobility by 12.7% in the first quarter. Price T Rowe Associates Inc. MD now owns 10,265,348 shares of the company’s stock valued at $231,074,000 after purchasing an additional 1,153,573 shares during the last quarter. Wellington Management Group LLP grew its position in Verra Mobility by 5.1% during the first quarter. Wellington Management Group LLP now owns 7,922,473 shares of the company’s stock valued at $178,335,000 after acquiring an additional 386,760 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its position in Verra Mobility by 155.8% during the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 5,280,591 shares of the company’s stock valued at $118,866,000 after acquiring an additional 3,215,973 shares during the period. Finally, Westwood Holdings Group Inc. boosted its position in shares of Verra Mobility by 9.3% in the first quarter. Westwood Holdings Group Inc. now owns 4,873,442 shares of the company’s stock worth $109,701,000 after buying an additional 412,649 shares during the period.

Verra Mobility Trading Down 2.2%

Shares of VRRM stock opened at $24.83 on Friday. The company has a debt-to-equity ratio of 3.45, a current ratio of 2.19 and a quick ratio of 2.10. The company has a market cap of $3.96 billion, a price-to-earnings ratio of 124.15, a PEG ratio of 2.44 and a beta of 0.77. The stock has a 50 day simple moving average of $24.28 and a 200-day simple moving average of $23.80. Verra Mobility has a 1-year low of $19.51 and a 1-year high of $31.03.

Verra Mobility (NASDAQ:VRRM) last posted its quarterly earnings data on Wednesday, May 7th. The company reported $0.30 EPS for the quarter, beating the consensus estimate of $0.29 by $0.01. Verra Mobility had a return on equity of 51.05% and a net margin of 3.88%. The firm had revenue of $223.25 million during the quarter, compared to the consensus estimate of $216.94 million. During the same period in the prior year, the company earned $0.27 EPS. The firm’s revenue was up 6.5% compared to the same quarter last year. On average, equities research analysts expect that Verra Mobility will post 1.08 EPS for the current fiscal year.

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.