Verra Mobility Corp (NASDAQ:VRRM) Given Average Recommendation of “Hold” by Brokerages

Shares of Verra Mobility Corp (NASDAQ:VRRM) have been assigned a consensus rating of “Hold” from the five brokerages that are presently covering the firm, MarketBeat Ratings reports. Three research analysts have rated the stock with a hold rating and two have issued a buy rating on the company. The average 12-month target price among brokerages that have issued a report on the stock in the last year is $24.00.

A number of equities research analysts have recently commented on the company. Weiss Ratings restated a “hold (c)” rating on shares of Verra Mobility in a research report on Monday, December 29th. 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 report on Wednesday, February 25th. JPMorgan Chase & Co. dropped their price objective on Verra Mobility from $24.00 to $21.00 and set a “neutral” rating on the stock in a report on Monday, March 9th. Finally, Wall Street Zen cut Verra Mobility from a “strong-buy” rating to a “hold” rating in a research report on Saturday, February 28th.

Institutional Investors Weigh In On Verra Mobility

A number of institutional investors have recently added to or reduced their stakes in the stock. Norges Bank purchased a new stake in Verra Mobility in the 4th quarter worth $68,608,000. River Road Asset Management LLC lifted its holdings in Verra Mobility by 441.6% during the fourth quarter. River Road Asset Management LLC now owns 2,984,760 shares of the company’s stock valued at $66,888,000 after purchasing an additional 2,433,610 shares in the last quarter. Morgan Stanley lifted its holdings in Verra Mobility by 44.8% during the fourth quarter. Morgan Stanley now owns 4,194,005 shares of the company’s stock valued at $93,988,000 after purchasing an additional 1,296,602 shares in the last quarter. Goldman Sachs Group Inc. grew its position in shares of Verra Mobility by 71.8% in the fourth quarter. Goldman Sachs Group Inc. now owns 2,924,781 shares of the company’s stock valued at $65,544,000 after purchasing an additional 1,222,116 shares during the period. Finally, William Blair Investment Management LLC grew its position in shares of Verra Mobility by 34.7% in the third quarter. William Blair Investment Management LLC now owns 3,479,448 shares of the company’s stock valued at $85,942,000 after purchasing an additional 896,564 shares during the period.

Verra Mobility Stock Performance

Shares of NASDAQ VRRM opened at $14.58 on Thursday. The company has a market capitalization of $2.21 billion, a PE ratio of 17.15, a price-to-earnings-growth ratio of 2.41 and a beta of 0.60. 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’s fifty day moving average price is $18.79 and its 200 day moving average price is $21.66. Verra Mobility has a 1 year low of $14.53 and a 1 year high of $25.83.

Verra Mobility (NASDAQ:VRRM) last released 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). The firm had revenue of $257.86 million during the quarter, compared to analysts’ expectations of $241.17 million. Verra Mobility had a net margin of 13.95% and a return on equity of 57.45%. The firm’s quarterly revenue was up 16.4% on a year-over-year basis. During the same period in the previous year, the firm posted $0.33 EPS. Verra Mobility has set its FY 2026 guidance at 1.320-1.380 EPS. On average, research analysts predict that Verra Mobility will post 1.08 earnings per share for the current year.

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.