Verra Mobility (NASDAQ:VRRM) Downgraded to Hold Rating by Wall Street Zen

Verra Mobility (NASDAQ:VRRM) was downgraded by equities researchers at Wall Street Zen from a “strong-buy” rating to a “hold” rating in a report issued on Saturday.

Other equities analysts have also issued reports about the company. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Verra Mobility in a report on Monday, December 29th. JPMorgan Chase & Co. cut their price target on shares of Verra Mobility from $25.00 to $24.00 and set a “neutral” rating for the company in a research note on Wednesday. Morgan Stanley reduced their price objective on Verra Mobility from $24.00 to $20.00 and set an “equal weight” rating on the stock in a research report on Wednesday. Finally, Robert W. Baird set a $24.00 price target on shares of Verra Mobility in a research note on Wednesday. Two analysts have rated the stock with a Buy rating and three have given a Hold rating to the stock. According to MarketBeat, Verra Mobility presently has a consensus rating of “Hold” and a consensus target price of $24.75.

Verra Mobility Stock Performance

Shares of VRRM stock opened at $16.71 on Friday. Verra Mobility has a 52 week low of $15.58 and a 52 week high of $25.83. The company has a debt-to-equity ratio of 3.49, a quick ratio of 2.35 and a current ratio of 2.10. The firm’s 50-day simple moving average is $20.53 and its two-hundred day simple moving average is $22.49. The firm has a market cap of $2.67 billion, a price-to-earnings ratio of 19.66, a P/E/G ratio of 2.70 and a beta of 0.59.

Verra Mobility (NASDAQ:VRRM) last announced its quarterly earnings data on Tuesday, February 24th. The company reported $0.30 earnings per share for the quarter, missing the consensus estimate of $0.32 by ($0.02). Verra Mobility had a net margin of 13.95% and a return on equity of 57.45%. The firm had revenue of $257.86 million for the quarter, compared to the consensus estimate of $241.17 million. Verra Mobility’s revenue for the quarter was up 16.4% on a year-over-year basis. During the same period last year, the company posted $0.33 earnings per share. Verra Mobility has set its FY 2026 guidance at 1.320-1.380 EPS. As a group, equities analysts forecast that Verra Mobility will post 1.08 earnings per share for the current year.

Institutional Investors Weigh In On Verra Mobility

Hedge funds have recently made changes to their positions in the company. Rothschild Investment LLC boosted its stake 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 in the last quarter. Global Retirement Partners LLC bought a new position in Verra Mobility in the 4th quarter valued at approximately $27,000. Caitong International Asset Management Co. Ltd boosted its stake in Verra Mobility by 967.8% during the 4th quarter. Caitong International Asset Management Co. Ltd now owns 1,260 shares of the company’s stock valued at $28,000 after purchasing an additional 1,142 shares during the last quarter. EverSource Wealth Advisors LLC boosted its position in shares of Verra Mobility by 439.4% during the second 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 during the last quarter. Finally, Salomon & Ludwin LLC grew its stake in shares of Verra Mobility by 100.7% in the fourth quarter. Salomon & Ludwin LLC now owns 1,497 shares of the company’s stock worth $34,000 after acquiring an additional 751 shares during the period.

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.