Verra Mobility Corp $VRRM Shares Sold by Algert Global LLC

Algert Global LLC cut its stake in Verra Mobility Corp (NASDAQ:VRRM) by 28.5% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 285,442 shares of the company’s stock after selling 113,709 shares during the period. Algert Global LLC owned approximately 0.18% of Verra Mobility worth $7,050,000 at the end of the most recent reporting period.

A number of other hedge funds have also made changes to their positions in the stock. Rothschild Investment LLC boosted its stake in Verra Mobility by 238.3% during the 3rd quarter. Rothschild Investment LLC now owns 1,167 shares of the company’s stock valued at $29,000 after purchasing an additional 822 shares in the last quarter. EverSource Wealth Advisors LLC grew its holdings in Verra Mobility by 439.4% during the second quarter. EverSource Wealth Advisors LLC now owns 1,494 shares of the company’s stock worth $38,000 after acquiring an additional 1,217 shares during the period. Neo Ivy Capital Management bought a new stake in Verra Mobility in the third quarter worth about $60,000. Osaic Holdings Inc. raised its position in Verra Mobility by 285.8% in the second quarter. Osaic Holdings Inc. now owns 3,044 shares of the company’s stock worth $72,000 after acquiring an additional 2,255 shares in the last quarter. Finally, Smartleaf Asset Management LLC lifted its holdings in Verra Mobility by 46.7% in the 2nd quarter. Smartleaf Asset Management LLC now owns 3,414 shares of the company’s stock valued at $87,000 after acquiring an additional 1,087 shares during the last quarter.

Verra Mobility Trading Down 0.4%

NASDAQ VRRM opened at $14.89 on Tuesday. Verra Mobility Corp has a twelve month low of $14.86 and a twelve month high of $25.83. The company has a debt-to-equity ratio of 3.49, a quick ratio of 2.00 and a current ratio of 2.10. The stock has a market cap of $2.25 billion, a price-to-earnings ratio of 17.52, a PEG ratio of 2.43 and a beta of 0.60. The firm’s 50 day moving average price is $19.11 and its two-hundred day moving average price is $21.79.

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

Analyst Upgrades and Downgrades

A number of analysts recently weighed in on the stock. Morgan Stanley reduced their target price on shares of Verra Mobility from $24.00 to $20.00 and set an “equal weight” rating for the company in a report on Wednesday, February 25th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Verra Mobility in a report on Monday, December 29th. Wall Street Zen downgraded Verra Mobility from a “strong-buy” rating to a “hold” rating in a research report on Saturday, February 28th. Robert W. Baird set a $24.00 price objective on Verra Mobility in a research note on Wednesday, February 25th. Finally, JPMorgan Chase & Co. decreased their target price on Verra Mobility from $24.00 to $21.00 and set a “neutral” rating on the stock in a report on Monday, March 9th. Two research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company. According to MarketBeat, the stock currently has an average rating of “Hold” and a consensus price target of $24.00.

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.