Verra Mobility Corp (NASDAQ:VRRM) Director Platinum Equity Llc sold 15,000,000 shares of the firm’s stock in a transaction dated Monday, June 10th. The stock was sold at an average price of $12.13, for a total value of $181,950,000.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website.
Shares of NASDAQ:VRRM remained flat at $$12.36 during mid-day trading on Wednesday. The company had a trading volume of 873,513 shares, compared to its average volume of 637,325. The stock has a market cap of $1.98 billion, a P/E ratio of -18.45 and a beta of 0.56. The company has a current ratio of 2.44, a quick ratio of 2.44 and a debt-to-equity ratio of 2.82. Verra Mobility Corp has a 1-year low of $9.00 and a 1-year high of $15.07.
Verra Mobility (NASDAQ:VRRM) last announced its earnings results on Monday, May 6th. The company reported $0.17 EPS for the quarter, beating the consensus estimate of $0.10 by $0.07. The company had revenue of $98.46 million for the quarter, compared to analysts’ expectations of $91.60 million. Equities research analysts expect that Verra Mobility Corp will post 0.83 EPS for the current year.
A number of equities analysts have recently commented on VRRM shares. ValuEngine upgraded Verra Mobility from a “hold” rating to a “buy” rating in a report on Thursday, April 11th. BTIG Research started coverage on Verra Mobility in a report on Wednesday, March 27th. They set a “buy” rating and a $15.00 target price on the stock. Finally, William Blair started coverage on Verra Mobility in a report on Wednesday, April 24th. They set an “outperform” rating and a $13.08 target price on the stock.
Several large investors have recently made changes to their positions in the stock. Marshall Wace North America L.P. acquired a new position in shares of Verra Mobility in the 1st quarter worth approximately $90,000. Marshall Wace LLP grew its position in shares of Verra Mobility by 2.3% in the 1st quarter. Marshall Wace LLP now owns 1,299,494 shares of the company’s stock worth $15,464,000 after acquiring an additional 29,169 shares in the last quarter. Adirondack Research & Management Inc. acquired a new position in shares of Verra Mobility in the 1st quarter worth approximately $711,000. FMR LLC grew its position in shares of Verra Mobility by 15.9% in the 1st quarter. FMR LLC now owns 8,587,585 shares of the company’s stock worth $102,192,000 after acquiring an additional 1,176,434 shares in the last quarter. Finally, BlueCrest Capital Management Ltd grew its position in shares of Verra Mobility by 504.3% in the 1st quarter. BlueCrest Capital Management Ltd now owns 558,486 shares of the company’s stock worth $6,646,000 after acquiring an additional 466,067 shares in the last quarter. Institutional investors and hedge funds own 42.01% of the company’s stock.
Verra Mobility Company Profile
Verra Mobility Corporation provides smart mobility technology solutions and services in the United States, Canada, and Europe. It operates through two segments, Government Solutions and Commercial Services. The Government Solutions segment offers automated safety solutions, including services and technologies that enable photo enforcement through road safety camera programs related to red light, speed, school bus, and city bus lanes.
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