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

Verra Mobility Corp (NASDAQ:VRRM) has been assigned an average rating of “Hold” from the five ratings firms that are covering the company, Marketbeat Ratings reports. Three analysts have rated the stock with a hold recommendation and two have assigned a buy recommendation to the company. The average twelve-month price target among brokerages that have updated their coverage on the stock in the last year is $27.25.

A number of analysts recently issued reports on the stock. Wall Street Zen raised shares of Verra Mobility from a “buy” rating to a “strong-buy” rating in a report on Saturday, December 20th. Weiss Ratings reissued a “hold (c)” rating on shares of Verra Mobility in a research note on Monday, December 29th. JPMorgan Chase & Co. began coverage on Verra Mobility in a research note on Monday. They issued a “neutral” rating and a $25.00 price target for the company. Finally, UBS Group upped their price target on Verra Mobility from $29.00 to $31.00 and gave the stock a “buy” rating in a report on Thursday, October 30th.

Institutional Investors Weigh In On Verra Mobility

A number of institutional investors have recently added to or reduced their stakes in VRRM. Rothschild Investment LLC raised its position in Verra Mobility by 238.3% during the third quarter. Rothschild Investment LLC now owns 1,167 shares of the company’s stock worth $29,000 after acquiring an additional 822 shares during the period. Farther Finance Advisors LLC increased its stake in shares of Verra Mobility by 46.6% during the second quarter. Farther Finance Advisors LLC now owns 1,447 shares of the company’s stock worth $37,000 after purchasing an additional 460 shares in the last quarter. CWM LLC raised its position in shares of Verra Mobility by 112.2% during the 2nd quarter. CWM LLC now owns 1,509 shares of the company’s stock worth $38,000 after purchasing an additional 798 shares during the last quarter. EverSource Wealth Advisors LLC lifted its stake in 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 buying an additional 1,217 shares in the last quarter. Finally, Neo Ivy Capital Management acquired a new stake in Verra Mobility in the 3rd quarter worth about $60,000.

Verra Mobility Stock Down 2.4%

Shares of VRRM stock opened at $20.03 on Wednesday. Verra Mobility has a twelve month low of $19.51 and a twelve month high of $27.06. The stock has a market cap of $3.20 billion, a P/E ratio of 62.60, a P/E/G ratio of 3.26 and a beta of 0.60. The stock has a 50 day moving average of $22.02 and a 200 day moving average of $23.47. The company has a current ratio of 2.45, a quick ratio of 2.35 and a debt-to-equity ratio of 2.55.

Verra Mobility (NASDAQ:VRRM) last released its quarterly earnings data on Wednesday, October 29th. The company reported $0.37 EPS for the quarter, topping the consensus estimate of $0.34 by $0.03. The business had revenue of $261.94 million for the quarter, compared to analyst estimates of $237.68 million. Verra Mobility had a return on equity of 60.72% and a net margin of 5.42%.The business’s quarterly revenue was up 16.1% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.32 EPS. As a group, sell-side analysts expect 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.