Verra Mobility Corp (NASDAQ:VRRM) Receives Average Recommendation of “Moderate Buy” from Brokerages

Shares of Verra Mobility Corp (NASDAQ:VRRM) have been assigned an average rating of “Moderate Buy” from the five ratings firms that are presently covering the firm, Marketbeat.com reports. Two analysts have rated the stock with a hold rating, two have issued a buy rating and one has given a strong buy rating to the company. The average 12-month target price among analysts that have issued ratings on the stock in the last year is $28.00.

A number of brokerages have recently weighed in on VRRM. UBS Group lifted their target price on shares of Verra Mobility from $29.00 to $31.00 and gave the company a “buy” rating in a research note on Thursday, October 30th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Verra Mobility in a research report on Monday. Finally, Wall Street Zen upgraded Verra Mobility from a “buy” rating to a “strong-buy” rating in a report on Saturday, December 20th.

Hedge Funds Weigh In On Verra Mobility

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its position in shares of Verra Mobility by 155.8% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 5,280,591 shares of the company’s stock worth $118,866,000 after buying an additional 3,215,973 shares during the period. Norges Bank bought a new stake in Verra Mobility during the second quarter worth about $49,577,000. Bessemer Group Inc. boosted its stake in Verra Mobility by 60,338.2% during the second quarter. Bessemer Group Inc. now owns 1,130,799 shares of the company’s stock worth $28,711,000 after acquiring an additional 1,128,928 shares in the last quarter. William Blair Investment Management LLC grew its holdings in Verra Mobility by 34.7% in the third quarter. William Blair Investment Management LLC now owns 3,479,448 shares of the company’s stock worth $85,942,000 after purchasing an additional 896,564 shares during the period. Finally, Man Group plc increased its stake in shares of Verra Mobility by 93.3% during the second quarter. Man Group plc now owns 1,157,292 shares of the company’s stock valued at $29,384,000 after purchasing an additional 558,727 shares in the last quarter.

Verra Mobility Trading Down 0.4%

Shares of VRRM opened at $22.33 on Friday. The stock has a market capitalization of $3.56 billion, a P/E ratio of 69.78, a PEG ratio of 3.56 and a beta of 0.60. Verra Mobility has a twelve month low of $19.51 and a twelve month high of $27.20. 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 firm has a fifty day simple moving average of $22.30 and a two-hundred day simple moving average of $23.82.

Verra Mobility (NASDAQ:VRRM) last released its quarterly earnings data on Wednesday, October 29th. The company reported $0.37 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.34 by $0.03. The firm had revenue of $261.94 million for the quarter, compared to analysts’ expectations of $237.68 million. Verra Mobility had a net margin of 5.42% and a return on equity of 60.72%. The company’s revenue for the quarter was up 16.1% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.32 earnings per share. Verra Mobility has set its FY 2025 guidance at 1.300-1.350 EPS. On average, research analysts anticipate that Verra Mobility will post 1.08 EPS for the current year.

Verra Mobility Company Profile

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.