Verra Mobility Corp $VRRM Shares Sold by SG Americas Securities LLC

SG Americas Securities LLC lessened its position in shares of Verra Mobility Corp (NASDAQ:VRRM) by 73.4% during the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 71,798 shares of the company’s stock after selling 197,851 shares during the period. SG Americas Securities LLC’s holdings in Verra Mobility were worth $1,026,000 as of its most recent SEC filing.

Several other hedge funds also recently made changes to their positions in the company. Global Retirement Partners LLC acquired a new stake in shares of Verra Mobility during the 4th quarter valued at approximately $27,000. Caitong International Asset Management Co. Ltd lifted its stake in Verra Mobility by 967.8% during the fourth quarter. Caitong International Asset Management Co. Ltd now owns 1,260 shares of the company’s stock worth $28,000 after purchasing an additional 1,142 shares during the last quarter. EverSource Wealth Advisors LLC lifted its stake in Verra Mobility by 439.4% during the second quarter. EverSource Wealth Advisors LLC now owns 1,494 shares of the company’s stock worth $38,000 after purchasing an additional 1,217 shares during the last quarter. Salomon & Ludwin LLC boosted its holdings in 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 purchasing an additional 751 shares during the period. Finally, Neo Ivy Capital Management acquired a new position in Verra Mobility in the third quarter worth $60,000.

Wall Street Analysts Forecast Growth

VRRM has been the subject of several recent research reports. Deutsche Bank Aktiengesellschaft reiterated a “hold” rating and set a $9.00 target price (down from $22.00) on shares of Verra Mobility in a research note on Wednesday, May 27th. CJS Securities lowered shares of Verra Mobility from a “market outperform” rating to a “market perform” rating and set a $10.00 price target for the company. in a report on Wednesday, May 27th. Morgan Stanley set a $4.00 price target on shares of Verra Mobility in a report on Wednesday, May 27th. Weiss Ratings downgraded shares of Verra Mobility from a “sell (d+)” rating to a “sell (d)” rating in a research report on Wednesday, June 17th. Finally, Wall Street Zen lowered shares of Verra Mobility from a “buy” rating to a “hold” rating in a research note on Saturday, May 9th. Seven analysts have rated the stock with a Hold rating and three have given a Sell rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Reduce” and a consensus price target of $6.83.

Verra Mobility Stock Performance

NASDAQ:VRRM opened at $4.30 on Friday. The firm has a market capitalization of $653.21 million, a P/E ratio of 5.24 and a beta of 0.43. The business has a 50 day simple moving average of $8.65 and a 200 day simple moving average of $14.97. The company has a debt-to-equity ratio of 3.76, a current ratio of 1.89 and a quick ratio of 1.77. Verra Mobility Corp has a 12-month low of $3.40 and a 12-month high of $25.73.

Verra Mobility (NASDAQ:VRRM) last issued its earnings results on Wednesday, May 6th. The company reported $0.25 earnings per share for the quarter, hitting the consensus estimate of $0.25. The firm had revenue of $223.57 million for the quarter, compared to analyst estimates of $223.34 million. Verra Mobility had a return on equity of 55.59% and a net margin of 13.38%.The firm’s revenue for the quarter was up .1% on a year-over-year basis. During the same period last year, the company earned $0.30 earnings per share. Verra Mobility has set its FY 2026 guidance at 1.320-1.380 EPS. Equities research analysts predict that Verra Mobility Corp will post 1.08 EPS 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.