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

Verra Mobility Corp (NASDAQ:VRRM) has earned a consensus rating of “Moderate Buy” from the five analysts that are covering the stock, Marketbeat Ratings reports. Two investment analysts have rated the stock with a hold recommendation, two have issued a buy recommendation and one has issued a strong buy recommendation on the company. The average 1 year target price among analysts that have covered the stock in the last year is $28.00.

Several analysts recently commented on the stock. Wall Street Zen raised shares of Verra Mobility from a “buy” rating to a “strong-buy” rating in a research report on Saturday, December 20th. Weiss Ratings reiterated a “hold (c)” rating on shares of Verra Mobility in a report on Monday. Finally, UBS Group raised their price target on shares of Verra Mobility from $29.00 to $31.00 and gave the company a “buy” rating in a research report on Thursday, October 30th.

Verra Mobility Stock Down 0.4%

Shares of NASDAQ:VRRM opened at $22.33 on Friday. The company has a current ratio of 2.45, a quick ratio of 2.35 and a debt-to-equity ratio of 2.55. The stock has a fifty day simple moving average of $22.30 and a two-hundred day simple moving average of $23.82. Verra Mobility has a 12-month low of $19.51 and a 12-month high of $27.20. The stock has a market capitalization of $3.56 billion, a price-to-earnings ratio of 69.78, a PEG ratio of 3.56 and a beta of 0.60.

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

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Rothschild Investment LLC grew its position in Verra Mobility by 238.3% in the 3rd quarter. Rothschild Investment LLC now owns 1,167 shares of the company’s stock worth $29,000 after purchasing an additional 822 shares during the period. Farther Finance Advisors LLC boosted its stake in shares of Verra Mobility by 46.6% in the 2nd quarter. Farther Finance Advisors LLC now owns 1,447 shares of the company’s stock worth $37,000 after buying an additional 460 shares during the last quarter. CWM LLC grew its holdings in shares of Verra Mobility by 112.2% in the second quarter. CWM LLC now owns 1,509 shares of the company’s stock worth $38,000 after acquiring an additional 798 shares during the period. EverSource Wealth Advisors LLC grew its holdings in shares of Verra Mobility by 439.4% in the second quarter. EverSource Wealth Advisors LLC now owns 1,494 shares of the company’s stock worth $38,000 after acquiring an additional 1,217 shares during the period. Finally, Neo Ivy Capital Management purchased a new stake in Verra Mobility during the third quarter valued at $60,000.

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.