Verra Mobility Corp (NASDAQ:VRRM) Given Consensus Rating of “Buy” by Brokerages

Shares of Verra Mobility Corp (NASDAQ:VRRM) have earned a consensus rating of “Buy” from the five ratings firms that are currently covering the stock, Marketbeat Ratings reports. One analyst has rated the stock with a hold recommendation, three have issued a buy recommendation and one has assigned a strong buy recommendation to the company. The average 1-year target price among brokerages that have issued a report on the stock in the last year is $27.8750.

A number of equities analysts have issued reports on the company. Robert W. Baird increased their price target on Verra Mobility from $28.00 to $30.00 and gave the stock an “outperform” rating in a research report on Thursday, August 21st. UBS Group decreased 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. Finally, Wall Street Zen downgraded Verra Mobility from a “strong-buy” rating to a “buy” rating in a research report on Saturday, July 26th.

Hedge Funds Weigh In On Verra Mobility

Several hedge funds and other institutional investors have recently made changes to their positions in the company. Price T Rowe Associates Inc. MD lifted its position in shares of 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 acquiring an additional 1,153,573 shares in the last quarter. Wellington Management Group LLP lifted its position in shares of Verra Mobility by 5.1% in 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 in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its position in shares of Verra Mobility by 155.8% in 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 in the last quarter. Westwood Holdings Group Inc. lifted its position in Verra Mobility by 9.3% during 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 in the last quarter. Finally, William Blair Investment Management LLC lifted its position in Verra Mobility by 15.8% during the second quarter. William Blair Investment Management LLC now owns 2,582,884 shares of the company’s stock worth $65,579,000 after buying an additional 352,942 shares in the last quarter.

Verra Mobility Stock Performance

Shares of VRRM stock opened at $24.85 on Friday. The company has a market capitalization of $3.96 billion, a P/E ratio of 103.55, a P/E/G ratio of 2.90 and a beta of 0.79. The business’s 50 day moving average is $24.87 and its two-hundred day moving average is $23.62. The company has a current ratio of 2.28, a quick ratio of 2.21 and a debt-to-equity ratio of 2.93. Verra Mobility has a 12-month low of $19.51 and a 12-month high of $28.25.

Verra Mobility (NASDAQ:VRRM) last issued its quarterly earnings results on Wednesday, August 6th. The company reported $0.34 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.33 by $0.01. The company had revenue of $236.03 million for the quarter, compared to the consensus estimate of $232.78 million. Verra Mobility had a return on equity of 55.14% and a net margin of 4.30%.Verra Mobility’s revenue for the quarter was up 6.1% on a year-over-year basis. During the same quarter in the prior year, the business posted $0.31 earnings per share. Analysts expect that Verra Mobility will post 1.08 EPS for the current fiscal year.

Verra Mobility Company Profile

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.