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

Verra Mobility Corp (NASDAQ:VRRM) has earned an average recommendation of “Hold” from the five brokerages that are currently covering the firm, Marketbeat Ratings reports. Three analysts have rated the stock with a hold recommendation and two have issued a buy recommendation on the company. The average 12-month target price among brokers that have issued ratings on the stock in the last year is $27.25.

A number of equities research analysts have recently commented on the stock. UBS Group increased their target price 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. Wall Street Zen upgraded Verra Mobility from a “buy” rating to a “strong-buy” rating in a report on Saturday, December 20th. Weiss Ratings restated a “hold (c)” rating on shares of Verra Mobility in a research report on Monday, December 29th. Finally, JPMorgan Chase & Co. assumed coverage on Verra Mobility in a research report on Monday. They set a “neutral” rating and a $25.00 price objective on the stock.

Verra Mobility Stock Performance

Shares of NASDAQ:VRRM opened at $20.03 on Wednesday. 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 has a 1 year low of $19.51 and a 1 year high of $27.06. The firm has a market capitalization of $3.20 billion, a PE ratio of 62.60, a P/E/G ratio of 3.26 and a beta of 0.60. The business’s 50 day moving average price is $22.02 and its 200-day moving average price is $23.47.

Verra Mobility (NASDAQ:VRRM) last announced its quarterly earnings data on Wednesday, October 29th. The company reported $0.37 earnings per share 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 company had revenue of $261.94 million for the quarter, compared to analyst estimates of $237.68 million. During the same quarter last year, the firm posted $0.32 EPS. The firm’s revenue for the quarter was up 16.1% on a year-over-year basis. As a group, equities research analysts expect that Verra Mobility will post 1.08 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Verra Mobility

Hedge funds have recently modified their holdings of the company. JPMorgan Chase & Co. raised its stake in Verra Mobility by 4.7% during the third quarter. JPMorgan Chase & Co. now owns 6,223,576 shares of the company’s stock worth $153,722,000 after purchasing an additional 281,465 shares during the period. William Blair Investment Management LLC increased its holdings in shares of Verra Mobility by 34.7% during the 3rd quarter. William Blair Investment Management LLC now owns 3,479,448 shares of the company’s stock worth $85,942,000 after buying an additional 896,564 shares during the last quarter. American Century Companies Inc. raised its position in shares of Verra Mobility by 11.2% during the 2nd quarter. American Century Companies Inc. now owns 2,570,738 shares of the company’s stock valued at $65,271,000 after buying an additional 259,330 shares during the period. Sunriver Management LLC raised its position in shares of Verra Mobility by 10.7% during the 3rd quarter. Sunriver Management LLC now owns 2,284,774 shares of the company’s stock valued at $56,434,000 after buying an additional 219,976 shares during the period. Finally, Snyder Capital Management L P lifted its holdings in Verra Mobility by 5.4% in the third quarter. Snyder Capital Management L P now owns 2,170,280 shares of the company’s stock valued at $53,606,000 after acquiring an additional 110,645 shares during the last quarter.

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.