Ellsworth Advisors LLC Buys New Shares in Verra Mobility Corp $VRRM

Ellsworth Advisors LLC purchased a new position in shares of Verra Mobility Corp (NASDAQ:VRRM) during the 3rd quarter, according to its most recent Form 13F filing with the SEC. The fund purchased 25,291 shares of the company’s stock, valued at approximately $613,000.

A number of other large investors also recently modified their holdings of the business. Intech Investment Management LLC lifted its stake in Verra Mobility by 19.6% in the 1st quarter. Intech Investment Management LLC now owns 83,066 shares of the company’s stock valued at $1,870,000 after purchasing an additional 13,636 shares during the last quarter. Punch & Associates Investment Management Inc. raised its stake in Verra Mobility by 2.4% in the first quarter. Punch & Associates Investment Management Inc. now owns 1,121,731 shares of the company’s stock valued at $25,250,000 after buying an additional 26,067 shares during the period. Farther Finance Advisors LLC raised its stake in 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 buying an additional 460 shares during the period. American Century Companies Inc. lifted its position in shares of Verra Mobility by 11.2% in the second quarter. American Century Companies Inc. now owns 2,570,738 shares of the company’s stock valued at $65,271,000 after buying an additional 259,330 shares during the last quarter. Finally, Phocas Financial Corp. boosted its stake in shares of Verra Mobility by 17.1% during the 2nd quarter. Phocas Financial Corp. now owns 275,563 shares of the company’s stock worth $6,997,000 after acquiring an additional 40,153 shares during the period.

Verra Mobility Stock Up 0.8%

VRRM stock opened at $22.50 on Friday. Verra Mobility Corp has a fifty-two week low of $19.51 and a fifty-two week high of $27.20. The company has a debt-to-equity ratio of 2.55, a current ratio of 2.45 and a quick ratio of 2.35. The stock has a market capitalization of $3.59 billion, a price-to-earnings ratio of 70.31, a PEG ratio of 3.69 and a beta of 0.62. The business’s fifty day moving average price is $22.50 and its two-hundred day moving average price is $23.88.

Verra Mobility (NASDAQ:VRRM) last released its quarterly 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. Verra Mobility had a net margin of 5.42% and a return on equity of 60.72%. The business had revenue of $261.94 million for the quarter, compared to the consensus estimate of $237.68 million. During the same period in the prior year, the company posted $0.32 earnings per share. Verra Mobility’s revenue was up 16.1% compared to the same quarter last year. Verra Mobility has set its FY 2025 guidance at 1.300-1.350 EPS. On average, equities analysts anticipate that Verra Mobility Corp will post 1.08 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently weighed in on the company. Weiss Ratings restated a “hold (c)” rating on shares of Verra Mobility in a research note on Monday, December 22nd. UBS Group increased 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. Finally, Wall Street Zen raised shares of Verra Mobility from a “buy” rating to a “strong-buy” rating in a report on Saturday, December 20th. One research analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating and two have given a Hold rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $28.00.

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.