Verra Mobility Corp (NASDAQ:VRRM) Given Average Recommendation of “Hold” by Analysts

Verra Mobility Corp (NASDAQ:VRRM) has earned a consensus recommendation of “Hold” from the five analysts that are presently covering the stock, Marketbeat.com reports. Three investment analysts have rated the stock with a hold recommendation and two have issued a buy recommendation on the company. The average twelve-month price objective among brokers that have issued a report on the stock in the last year is $24.00.

A number of research firms have issued reports on VRRM. Weiss Ratings reissued a “hold (c)” rating on shares of Verra Mobility in a research report on Monday, December 29th. Robert W. Baird set a $24.00 price objective on shares of Verra Mobility in a report on Wednesday, February 25th. Wall Street Zen cut shares of Verra Mobility from a “strong-buy” rating to a “hold” rating in a report on Saturday, February 28th. Morgan Stanley decreased 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 research report on Wednesday, February 25th. Finally, JPMorgan Chase & Co. lowered their price target on shares of Verra Mobility from $24.00 to $21.00 and set a “neutral” rating on the stock in a report on Monday, March 9th.

Verra Mobility Stock Down 1.8%

Shares of VRRM stock opened at $14.58 on Thursday. The stock’s 50-day simple moving average is $18.79 and its 200-day simple moving average is $21.66. 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 firm has a market capitalization of $2.21 billion, a PE ratio of 17.15, a P/E/G ratio of 2.41 and a beta of 0.60. Verra Mobility has a fifty-two week low of $14.53 and a fifty-two week high of $25.83.

Verra Mobility (NASDAQ:VRRM) last released its earnings results on Tuesday, February 24th. The company reported $0.30 EPS for the quarter, missing analysts’ consensus estimates of $0.32 by ($0.02). The firm had revenue of $257.86 million for the quarter, compared to analyst estimates 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 for the quarter was up 16.4% compared to the same quarter last year. During the same period last year, the firm earned $0.33 EPS. Verra Mobility has set its FY 2026 guidance at 1.320-1.380 EPS. Equities analysts expect that Verra Mobility will post 1.08 earnings per share for the current year.

Hedge Funds Weigh In On Verra Mobility

Several institutional investors and hedge funds have recently modified their holdings of VRRM. State of Wyoming grew its holdings in Verra Mobility by 1.5% during the third quarter. State of Wyoming now owns 31,483 shares of the company’s stock worth $778,000 after acquiring an additional 454 shares during the period. Smartleaf Asset Management LLC lifted its holdings in Verra Mobility by 14.9% in the third quarter. Smartleaf Asset Management LLC now owns 3,922 shares of the company’s stock valued at $97,000 after acquiring an additional 508 shares during the period. Victory Capital Management Inc. lifted its holdings in Verra Mobility by 1.1% in the third quarter. Victory Capital Management Inc. now owns 45,583 shares of the company’s stock valued at $1,126,000 after acquiring an additional 511 shares during the period. EverSource Wealth Advisors LLC boosted its position in Verra Mobility by 35.2% in the 3rd quarter. EverSource Wealth Advisors LLC now owns 2,020 shares of the company’s stock worth $50,000 after purchasing an additional 526 shares in the last quarter. Finally, Nisa Investment Advisors LLC boosted its position in Verra Mobility by 9.7% in the 3rd quarter. Nisa Investment Advisors LLC now owns 6,522 shares of the company’s stock worth $161,000 after purchasing an additional 574 shares in the last quarter.

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.