Verra Mobility Corp (NASDAQ:VRRM) Receives Consensus Recommendation of “Moderate Buy” from Analysts

by · The Cerbat Gem

Verra Mobility Corp (NASDAQ:VRRM – Get Free Report) has received a consensus recommendation of “Moderate Buy” from the five ratings firms that are covering the stock, MarketBeat Ratings reports. Two analysts have rated the stock with a hold rating, two have issued a buy rating and one has assigned a strong buy rating to the company. The average twelve-month target price among brokers that have issued a report on the stock in the last year is $28.00.

A number of analysts have recently weighed in on the stock. Wall Street Zen cut shares of Verra Mobility from a “strong-buy” rating to a “buy” rating in a research note on Sunday, November 9th. Robert W. Baird lifted their target price on shares of Verra Mobility from $28.00 to $30.00 and gave the stock an “outperform” rating in a report on Thursday, August 21st. UBS Group boosted their target price on shares of Verra Mobility from $29.00 to $31.00 and gave the stock a “buy” rating in a research report on Thursday, October 30th. Finally, Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Verra Mobility in a research report on Monday, December 8th.

Check Out Our Latest Analysis on VRRM

Verra Mobility Price Performance

Shares of NASDAQ:VRRM opened at $21.60 on Tuesday. Verra Mobility has a fifty-two week low of $19.51 and a fifty-two week high of $27.20. The business has a 50-day moving average of $22.84 and a two-hundred day moving average of $24.00. The stock has a market capitalization of $3.45 billion, a P/E ratio of 67.50, a P/E/G ratio of 3.57 and a beta of 0.62. The company has a debt-to-equity ratio of 2.55, a current ratio of 2.45 and a quick ratio of 2.35.

Verra Mobility (NASDAQ:VRRM – Get Free Report) last issued its quarterly earnings data on Wednesday, October 29th. The company reported $0.37 EPS for the quarter, beating analysts’ consensus estimates of $0.34 by $0.03. Verra Mobility had a return on equity of 60.72% and a net margin of 5.42%.The business had revenue of $261.94 million for the quarter, compared to analyst estimates of $237.68 million. During the same quarter in the prior year, the firm posted $0.32 EPS. The firm’s revenue for the quarter was up 16.1% on a year-over-year basis. Verra Mobility has set its FY 2025 guidance at 1.300-1.350 EPS. On average, equities research analysts predict that Verra Mobility will post 1.08 EPS for the current fiscal year.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in VRRM. Price T Rowe Associates Inc. MD boosted its position in shares of Verra Mobility by 12.7% in the first quarter. Price T Rowe Associates Inc. MD now owns 10,265,348 shares of the company’s stock valued at $231,074,000 after acquiring an additional 1,153,573 shares during the period. Wellington Management Group LLP increased its position in Verra Mobility by 5.1% during the first quarter. Wellington Management Group LLP now owns 7,922,473 shares of the company’s stock worth $178,335,000 after acquiring an additional 386,760 shares during the period. JPMorgan Chase & Co. raised its stake in Verra Mobility by 4.7% during the 3rd quarter. JPMorgan Chase & Co. now owns 6,223,576 shares of the company’s stock valued at $153,722,000 after purchasing an additional 281,465 shares during the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its holdings in Verra Mobility by 155.8% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 5,280,591 shares of the company’s stock valued at $118,866,000 after purchasing an additional 3,215,973 shares during the period. Finally, William Blair Investment Management LLC boosted its holdings in Verra Mobility by 34.7% in the 3rd quarter. William Blair Investment Management LLC now owns 3,479,448 shares of the company’s stock valued at $85,942,000 after purchasing an additional 896,564 shares during the period.

Verra Mobility Company Profile

(Get Free Report)

Verra Mobility Corporation provides smart mobility technology solutions and services in the United States, Australia, Canada, and Europe. It operates through three segments: Commercial Services, Government Solutions, and Parking Solutions. The Commercial Services segment provides automated toll and violations management, and title and registration services to rental car companies, fleet management companies, and other large fleet owners.

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