Verra Mobility Corp $VRRM Shares Purchased by Farther Finance Advisors LLC

Farther Finance Advisors LLC lifted its position in Verra Mobility Corp (NASDAQ:VRRM) by 46.6% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,447 shares of the company’s stock after purchasing an additional 460 shares during the period. Farther Finance Advisors LLC’s holdings in Verra Mobility were worth $37,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Caitong International Asset Management Co. Ltd increased its holdings in Verra Mobility by 13,638.5% in the 1st quarter. Caitong International Asset Management Co. Ltd now owns 1,786 shares of the company’s stock worth $40,000 after acquiring an additional 1,773 shares in the last quarter. Quarry LP lifted its position in shares of Verra Mobility by 361.8% during the first quarter. Quarry LP now owns 4,055 shares of the company’s stock worth $91,000 after purchasing an additional 3,177 shares in the last quarter. PNC Financial Services Group Inc. lifted its position in shares of Verra Mobility by 18.2% during the first quarter. PNC Financial Services Group Inc. now owns 7,542 shares of the company’s stock worth $170,000 after purchasing an additional 1,161 shares in the last quarter. US Bancorp DE raised its holdings in Verra Mobility by 76.6% in the first quarter. US Bancorp DE now owns 7,782 shares of the company’s stock valued at $175,000 after acquiring an additional 3,376 shares in the last quarter. Finally, Strs Ohio acquired a new stake in Verra Mobility in the first quarter valued at approximately $180,000.

Verra Mobility Stock Up 1.3%

VRRM opened at $24.15 on Wednesday. The company has a debt-to-equity ratio of 2.93, a current ratio of 2.28 and a quick ratio of 2.21. Verra Mobility Corp has a 12 month low of $19.51 and a 12 month high of $27.83. The stock has a market capitalization of $3.85 billion, a price-to-earnings ratio of 100.63, a price-to-earnings-growth ratio of 2.79 and a beta of 0.77. The business has a 50-day moving average of $24.55 and a two-hundred day moving average of $23.86.

Verra Mobility (NASDAQ:VRRM) last issued its 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 business had revenue of $236.03 million during the quarter, compared to analysts’ expectations of $232.78 million. Verra Mobility had a return on equity of 55.14% and a net margin of 4.30%.The company’s revenue for the quarter was up 6.1% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.31 EPS. On average, research analysts expect that Verra Mobility Corp will post 1.08 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several equities analysts have commented on the stock. Weiss Ratings reiterated a “hold (c-)” rating on shares of Verra Mobility in a research note on Saturday, September 27th. Wall Street Zen lowered shares of Verra Mobility from a “strong-buy” rating to a “buy” rating in a research report on Saturday, July 26th. Finally, 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 report on Thursday, August 21st. One analyst has rated the stock with a Strong Buy rating, three have given a Buy rating and two have assigned a Hold rating to the stock. Based on data from MarketBeat, Verra Mobility has a consensus rating of “Moderate Buy” and a consensus price target of $27.88.

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.