Verra Mobility Corp $VRRM Shares Sold by DAVENPORT & Co LLC

DAVENPORT & Co LLC lowered its position in Verra Mobility Corp (NASDAQ:VRRM) by 5.6% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 1,296,950 shares of the company’s stock after selling 76,242 shares during the quarter. DAVENPORT & Co LLC’s holdings in Verra Mobility were worth $29,285,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also modified their holdings of VRRM. Allspring Global Investments Holdings LLC acquired a new position in Verra Mobility in the third quarter valued at $1,602,000. SG Americas Securities LLC purchased a new stake in shares of Verra Mobility in the third quarter valued at about $2,725,000. Thornburg Investment Management Inc. acquired a new stake in shares of Verra Mobility during the third quarter worth about $7,597,000. Sunriver Management LLC boosted its stake in shares of Verra Mobility by 10.7% during the third quarter. Sunriver Management LLC now owns 2,284,774 shares of the company’s stock worth $56,434,000 after buying an additional 219,976 shares during the period. Finally, Y Intercept Hong Kong Ltd grew its holdings in shares of Verra Mobility by 233.2% during the third quarter. Y Intercept Hong Kong Ltd now owns 108,334 shares of the company’s stock worth $2,676,000 after buying an additional 75,822 shares during the last quarter.

Analysts Set New Price Targets

VRRM has been the topic of several recent research reports. Weiss Ratings restated a “hold (c)” rating on shares of Verra Mobility in a research report on Monday, December 29th. Morgan Stanley lowered their target price on Verra Mobility from $24.00 to $20.00 and set an “equal weight” rating on the stock in a research note on Wednesday, February 25th. Robert W. Baird set a $24.00 target price on Verra Mobility in a report on Wednesday, February 25th. Wall Street Zen downgraded Verra Mobility from a “strong-buy” rating to a “hold” rating in a report on Saturday, February 28th. Finally, JPMorgan Chase & Co. lowered 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 stock. Based on data from MarketBeat.com, Verra Mobility presently has a consensus rating of “Hold” and an average price target of $24.00.

Verra Mobility Trading Up 0.3%

NASDAQ VRRM opened at $14.28 on Thursday. The company has a quick ratio of 2.00, a current ratio of 2.10 and a debt-to-equity ratio of 3.49. The stock has a market capitalization of $2.16 billion, a P/E ratio of 16.80, a P/E/G ratio of 2.32 and a beta of 0.60. Verra Mobility Corp has a 52-week low of $13.94 and a 52-week high of $25.83. The firm has a 50-day moving average price of $17.92 and a 200 day moving average price of $21.30.

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 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 business had revenue of $257.86 million during the quarter, compared to analysts’ expectations of $241.17 million. During the same period in the prior year, the firm posted $0.33 EPS. Verra Mobility’s revenue for the quarter was up 16.4% compared to the same quarter last year. Verra Mobility has set its FY 2026 guidance at 1.320-1.380 EPS. Equities research analysts expect that Verra Mobility Corp will post 1.08 EPS for the current year.

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.