Verra Mobility (NASDAQ:VRRM) Stock Rating Lowered by Wall Street Zen

Verra Mobility (NASDAQ:VRRM) was downgraded by stock analysts at Wall Street Zen from a “strong-buy” rating to a “hold” rating in a note issued to investors on Saturday.

Other research analysts also recently issued reports about the company. JPMorgan Chase & Co. cut their target price on Verra Mobility from $25.00 to $24.00 and set a “neutral” rating on the stock in a report on Wednesday. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Verra Mobility in a research note on Monday, December 29th. Morgan Stanley reduced their target price on Verra Mobility from $24.00 to $20.00 and set an “equal weight” rating on the stock in a report on Wednesday. Finally, Robert W. Baird set a $24.00 target price on shares of Verra Mobility in a research report on Wednesday. Two analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Hold” and an average target price of $24.75.

Verra Mobility Stock Down 1.4%

Shares of NASDAQ VRRM opened at $16.71 on Friday. The company has a 50 day simple moving average of $20.53 and a 200 day simple moving average of $22.49. The company has a debt-to-equity ratio of 3.49, a current ratio of 2.10 and a quick ratio of 2.35. Verra Mobility has a 1 year low of $15.58 and a 1 year high of $25.83. The firm has a market cap of $2.67 billion, a PE ratio of 19.66, a price-to-earnings-growth ratio of 2.70 and a beta of 0.59.

Verra Mobility (NASDAQ:VRRM) last posted its earnings results on Tuesday, February 24th. The company reported $0.30 earnings per share for the quarter, missing analysts’ consensus estimates of $0.32 by ($0.02). The business had revenue of $257.86 million for the quarter, compared to the consensus estimate of $241.17 million. Verra Mobility had a return on equity of 57.45% and a net margin of 13.95%.The company’s revenue was up 16.4% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.33 earnings per share. Verra Mobility has set its FY 2026 guidance at 1.320-1.380 EPS. On average, research analysts forecast that Verra Mobility will post 1.08 EPS for the current year.

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the stock. Royal Bank of Canada grew its stake in shares of Verra Mobility by 14.3% in the 1st quarter. Royal Bank of Canada now owns 148,464 shares of the company’s stock worth $3,342,000 after acquiring an additional 18,562 shares in the last quarter. AQR Capital Management LLC grew its position in Verra Mobility by 21.7% in the 1st quarter. AQR Capital Management LLC now owns 34,501 shares of the company’s stock worth $777,000 after purchasing an additional 6,153 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its position in shares of Verra Mobility by 4.6% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 98,120 shares of the company’s stock worth $2,209,000 after buying an additional 4,302 shares in the last quarter. Millennium Management LLC boosted its stake in shares of Verra Mobility by 208.0% in the 1st quarter. Millennium Management LLC now owns 375,421 shares of the company’s stock worth $8,451,000 after buying an additional 253,529 shares during the last quarter. Finally, Goldman Sachs Group Inc. increased its position in shares of Verra Mobility by 33.0% during the first quarter. Goldman Sachs Group Inc. now owns 1,182,297 shares of the company’s stock valued at $26,614,000 after acquiring an additional 293,082 shares during the last quarter.

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.