Verra Mobility Corp (NASDAQ:VRRM) Receives Average Rating of “Reduce” from Brokerages

Shares of Verra Mobility Corp (NASDAQ:VRRM) have received a consensus rating of “Reduce” from the ten ratings firms that are presently covering the stock, MarketBeat reports. Two equities research analysts have rated the stock with a sell rating and eight have assigned a hold rating to the company. The average 12-month target price among brokerages that have issued ratings on the stock in the last year is $6.50.

A number of brokerages recently weighed in on VRRM. Wall Street Zen downgraded shares of Verra Mobility from a “buy” rating to a “hold” rating in a research note on Saturday, May 9th. UBS Group cut shares of Verra Mobility from a “buy” rating to a “neutral” rating and cut their price target for the company from $23.00 to $4.00 in a research report on Thursday, May 28th. JPMorgan Chase & Co. upgraded Verra Mobility from an “underweight” rating to a “neutral” rating and increased their price target for the stock from $5.00 to $6.00 in a report on Monday, July 13th. Northcoast Research reissued a “neutral” rating on shares of Verra Mobility in a research report on Wednesday, May 27th. Finally, Robert W. Baird dropped their price objective on Verra Mobility from $8.00 to $6.00 and set a “neutral” rating on the stock in a research note on Tuesday, June 2nd.

Verra Mobility Stock Performance

NASDAQ:VRRM opened at $4.12 on Wednesday. The company has a debt-to-equity ratio of 3.76, a quick ratio of 1.77 and a current ratio of 1.89. Verra Mobility has a fifty-two week low of $3.40 and a fifty-two week high of $25.57. The company has a 50 day simple moving average of $6.16 and a two-hundred day simple moving average of $13.39. The company has a market capitalization of $625.86 million, a PE ratio of 5.02 and a beta of 0.43.

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

Hedge Funds Weigh In On Verra Mobility

A number of institutional investors and hedge funds have recently modified their holdings of the business. Handelsbanken Fonder AB increased its position in Verra Mobility by 24.1% in the 2nd quarter. Handelsbanken Fonder AB now owns 60,200 shares of the company’s stock valued at $256,000 after buying an additional 11,700 shares in the last quarter. Wealthcare Advisory Partners LLC acquired a new position in Verra Mobility during the 2nd quarter worth approximately $87,000. 180 Wealth Advisors LLC boosted its holdings in Verra Mobility by 1,176.8% in the second quarter. 180 Wealth Advisors LLC now owns 129,275 shares of the company’s stock worth $549,000 after acquiring an additional 119,150 shares in the last quarter. GAMMA Investing LLC boosted its holdings in Verra Mobility by 34.1% in the second quarter. GAMMA Investing LLC now owns 11,142 shares of the company’s stock worth $47,000 after acquiring an additional 2,832 shares in the last quarter. Finally, Versant Capital Management Inc grew its stake in Verra Mobility by 190.4% in the second quarter. Versant Capital Management Inc now owns 10,378 shares of the company’s stock valued at $44,000 after acquiring an additional 6,804 shares during the period.

Key Stories Impacting Verra Mobility

Here are the key news stories impacting Verra Mobility this week:

• Positive Sentiment: None of the new items are clearly positive for VRRM; the latest headlines are focused on litigation and investor-loss deadlines.
• Neutral Sentiment: Several law firms, including Rosen, Pomerantz, Faruqi & Faruqi, Kaplan Fox, the Schall Law Firm, the Gross Law Firm, Robbins LLP, and Levi & Korsinsky, issued reminders or investor alerts about the pending class action and lead-plaintiff process. Article Title
• Neutral Sentiment: Hagens Berman expanded its investigation after Verra Mobility’s abrupt leadership transition, tying the issue to an earlier securities suit related to the loss of a major contract. Article Title
• Negative Sentiment: The repeated lawsuit reminders may keep attention on alleged disclosure issues and the reported stock collapse during the class period, which is a negative overhang for sentiment. Article Title

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.