Verra Mobility Corp $VRRM Stock Position Reduced by Algert Global LLC

Algert Global LLC lessened its stake in Verra Mobility Corp (NASDAQ:VRRM) by 28.5% during the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 285,442 shares of the company’s stock after selling 113,709 shares during the quarter. Algert Global LLC’s holdings in Verra Mobility were worth $7,050,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in VRRM. Alliancebernstein L.P. grew its holdings in shares of Verra Mobility by 0.8% during the 3rd quarter. Alliancebernstein L.P. now owns 182,125 shares of the company’s stock valued at $4,498,000 after acquiring an additional 1,356 shares in the last quarter. Schonfeld Strategic Advisors LLC purchased a new stake in shares of Verra Mobility during the third quarter worth $925,000. Creative Planning raised its holdings in shares of Verra Mobility by 11.1% during the third quarter. Creative Planning now owns 99,472 shares of the company’s stock worth $2,457,000 after acquiring an additional 9,914 shares in the last quarter. Amundi boosted its position in Verra Mobility by 5.1% during the third quarter. Amundi now owns 29,348 shares of the company’s stock valued at $700,000 after purchasing an additional 1,425 shares during the last quarter. Finally, Freestone Grove Partners LP purchased a new position in Verra Mobility in the third quarter valued at about $365,000.

Verra Mobility Stock Performance

VRRM opened at $14.89 on Tuesday. The company has a debt-to-equity ratio of 3.49, a quick ratio of 2.00 and a current ratio of 2.10. The company has a market cap of $2.25 billion, a PE ratio of 17.52, a price-to-earnings-growth ratio of 2.43 and a beta of 0.60. The stock has a 50-day moving average of $19.11 and a 200-day moving average of $21.79. Verra Mobility Corp has a 52-week low of $14.86 and a 52-week high of $25.83.

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

Wall Street Analysts Forecast Growth

VRRM has been the topic of several research reports. Wall Street Zen lowered Verra Mobility from a “strong-buy” rating to a “hold” rating in a research report on Saturday, February 28th. Morgan Stanley reduced their price target on Verra Mobility from $24.00 to $20.00 and set an “equal weight” rating for the company in a report on Wednesday, February 25th. Robert W. Baird set a $24.00 price target on Verra Mobility in a research note on Wednesday, February 25th. Weiss Ratings restated a “hold (c)” rating on shares of Verra Mobility in a report on Monday, December 29th. Finally, JPMorgan Chase & Co. cut their price objective on shares of Verra Mobility from $24.00 to $21.00 and set a “neutral” rating on the stock in a research report on Monday, March 9th. Two analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company. According to MarketBeat.com, Verra Mobility presently has an average rating of “Hold” and a consensus target price of $24.00.

Verra Mobility 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.