AlphaQuest LLC Has $2.04 Million Holdings in Verra Mobility Corp $VRRM

AlphaQuest LLC grew its holdings in shares of Verra Mobility Corp (NASDAQ:VRRM) by 79.3% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 91,133 shares of the company’s stock after purchasing an additional 40,298 shares during the period. AlphaQuest LLC’s holdings in Verra Mobility were worth $2,042,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently made changes to their positions in the business. Jefferies Financial Group Inc. bought a new position in shares of Verra Mobility in the fourth quarter worth $584,000. MQS Management LLC bought a new position in shares of Verra Mobility in the fourth quarter worth $219,000. Global Retirement Partners LLC acquired a new stake in shares of Verra Mobility during the 4th quarter worth approximately $27,000. PNC Financial Services Group Inc. boosted its position in shares of Verra Mobility by 41.6% during the 4th quarter. PNC Financial Services Group Inc. now owns 17,527 shares of the company’s stock worth $393,000 after acquiring an additional 5,147 shares in the last quarter. Finally, ProShare Advisors LLC boosted its position in shares of Verra Mobility by 3.2% during the 4th quarter. ProShare Advisors LLC now owns 31,067 shares of the company’s stock worth $696,000 after acquiring an additional 969 shares in the last quarter.

Verra Mobility Price Performance

Shares of NASDAQ:VRRM opened at $13.08 on Wednesday. The firm has a market cap of $1.99 billion, a PE ratio of 15.95, a price-to-earnings-growth ratio of 2.72 and a beta of 0.67. The firm’s fifty day moving average is $14.39 and its 200-day moving average is $18.38. 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 Corp has a 52 week low of $12.83 and a 52 week high of $25.83.

Verra Mobility (NASDAQ:VRRM) last posted its quarterly earnings data on Wednesday, May 6th. The company reported $0.25 EPS for the quarter, hitting analysts’ consensus estimates of $0.25. The company 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 quarterly revenue was up .1% on a year-over-year basis. During the same period in the previous year, the firm earned $0.30 earnings per share. Verra Mobility has set its FY 2026 guidance at 1.320-1.380 EPS. Sell-side analysts predict that Verra Mobility Corp will post 1.22 earnings per share for the current year.

Wall Street Analysts Forecast Growth

VRRM has been the topic of several research analyst reports. Weiss Ratings lowered Verra Mobility from a “hold (c-)” rating to a “sell (d+)” rating in a research note on Monday, May 4th. Morgan Stanley set a $15.00 price objective on Verra Mobility in a research note on Thursday, May 7th. JPMorgan Chase & Co. reduced their price objective on Verra Mobility from $19.00 to $17.00 and set a “neutral” rating on the stock in a research note on Friday, May 15th. Wall Street Zen lowered Verra Mobility from a “buy” rating to a “hold” rating in a research note on Saturday, May 9th. Finally, Deutsche Bank Aktiengesellschaft restated a “buy” rating and issued a $22.00 target price on shares of Verra Mobility in a research report on Thursday, May 7th. Three equities research analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, Verra Mobility currently has an average rating of “Hold” and a consensus target price of $21.00.

About Verra Mobility

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.