DAVENPORT & Co LLC Cuts Position in Verra Mobility Corp $VRRM

DAVENPORT & Co LLC decreased its position in Verra Mobility Corp (NASDAQ:VRRM) by 5.6% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 1,296,950 shares of the company’s stock after selling 76,242 shares during the quarter. DAVENPORT & Co LLC owned 0.81% of Verra Mobility worth $29,285,000 at the end of the most recent quarter.

A number of other institutional investors also recently added to or reduced their stakes in VRRM. Rothschild Investment LLC increased its position in shares of Verra Mobility by 238.3% in 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 during the last quarter. EverSource Wealth Advisors LLC raised its holdings in shares of Verra Mobility by 439.4% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 1,494 shares of the company’s stock valued at $38,000 after purchasing an additional 1,217 shares in the last quarter. Neo Ivy Capital Management purchased a new stake in shares of Verra Mobility during the 3rd quarter worth $60,000. Osaic Holdings Inc. lifted its position in shares of Verra Mobility by 285.8% during the 2nd quarter. Osaic Holdings Inc. now owns 3,044 shares of the company’s stock worth $72,000 after purchasing an additional 2,255 shares during the last quarter. Finally, Smartleaf Asset Management LLC grew its stake in shares of Verra Mobility by 46.7% during the second quarter. Smartleaf Asset Management LLC now owns 3,414 shares of the company’s stock worth $87,000 after purchasing an additional 1,087 shares in the last quarter.

Wall Street Analyst Weigh In

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

Verra Mobility Price Performance

Shares of NASDAQ:VRRM opened at $14.28 on Thursday. The company’s fifty day moving average price is $17.92 and its 200 day moving average price is $21.30. Verra Mobility Corp has a 12 month low of $13.94 and a 12 month high of $25.83. The company has a debt-to-equity ratio of 3.49, a current ratio of 2.10 and a quick ratio of 2.00. The firm has a market capitalization of $2.16 billion, a P/E ratio of 16.80, a P/E/G ratio of 2.32 and a beta of 0.60.

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

Verra Mobility 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.