Verra Mobility (NASDAQ:VRRM) Upgraded at Wall Street Zen

Verra Mobility (NASDAQ:VRRM) was upgraded by Wall Street Zen from a “buy” rating to a “strong-buy” rating in a research report issued to clients and investors on Saturday.

Several other equities research analysts have also weighed in on VRRM. Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Verra Mobility in a research report on Monday, December 8th. UBS Group lifted their price objective on shares of Verra Mobility from $29.00 to $31.00 and gave the company a “buy” rating in a research report on Thursday, October 30th. One equities research analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating and two have issued a Hold rating to the stock. Based on data from MarketBeat.com, Verra Mobility has a consensus rating of “Moderate Buy” and a consensus target price of $28.00.

Verra Mobility Price Performance

VRRM opened at $22.12 on Friday. The company has a quick ratio of 2.35, a current ratio of 2.45 and a debt-to-equity ratio of 2.55. The company’s 50-day moving average price is $22.69 and its 200 day moving average price is $23.95. Verra Mobility has a fifty-two week low of $19.51 and a fifty-two week high of $27.20. The firm has a market cap of $3.53 billion, a price-to-earnings ratio of 69.13, a price-to-earnings-growth ratio of 3.60 and a beta of 0.62.

Verra Mobility (NASDAQ:VRRM) last posted its earnings results on Wednesday, October 29th. The company reported $0.37 EPS for the quarter, beating the consensus estimate of $0.34 by $0.03. The company had revenue of $261.94 million during the quarter, compared to analyst estimates of $237.68 million. Verra Mobility had a return on equity of 60.72% and a net margin of 5.42%.The business’s revenue was up 16.1% compared to the same quarter last year. During the same period in the prior year, the company earned $0.32 earnings per share. Verra Mobility has set its FY 2025 guidance at 1.300-1.350 EPS. As a group, sell-side analysts expect that Verra Mobility will post 1.08 earnings per share for the current year.

Hedge Funds Weigh In On Verra Mobility

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Rothschild Investment LLC raised its position in shares of Verra Mobility by 238.3% during the 3rd quarter. Rothschild Investment LLC now owns 1,167 shares of the company’s stock worth $29,000 after buying an additional 822 shares in the last quarter. Farther Finance Advisors LLC boosted its holdings in shares of Verra Mobility by 46.6% in the second quarter. Farther Finance Advisors LLC now owns 1,447 shares of the company’s stock valued at $37,000 after acquiring an additional 460 shares in the last quarter. EverSource Wealth Advisors LLC increased its stake in shares of Verra Mobility by 439.4% during the second quarter. EverSource Wealth Advisors LLC now owns 1,494 shares of the company’s stock valued at $38,000 after acquiring an additional 1,217 shares during the period. CWM LLC raised its holdings in Verra Mobility by 112.2% during the second quarter. CWM LLC now owns 1,509 shares of the company’s stock worth $38,000 after purchasing an additional 798 shares in the last quarter. Finally, Neo Ivy Capital Management bought a new stake in Verra Mobility during the third quarter worth approximately $60,000.

About Verra Mobility

Verra Mobility, traded on the Nasdaq under the ticker VRRM, is a leading provider of smart mobility solutions designed to improve safety, efficiency and compliance for transportation authorities and commercial fleets. The company develops and operates automated traffic enforcement systems, toll and violation management platforms, and connected-vehicle services. Through its technology offerings, Verra Mobility helps public agencies enhance road safety, reduce congestion and streamline revenue collection for tolling and parking.

Verra Mobility’s core products include red-light and speed-camera enforcement programs, license plate recognition systems, and cloud-based violation processing software.