Verra Mobility Corp (NASDAQ:VRRM) Receives Average Recommendation of “Reduce” from Analysts

Shares of Verra Mobility Corp (NASDAQ:VRRM) have been assigned a consensus rating of “Reduce” from the nine analysts that are currently covering the company, Marketbeat Ratings reports. Two analysts have rated the stock with a sell recommendation and seven have issued a hold recommendation on the company. The average 12 month target price among brokerages that have updated their coverage on the stock in the last year is $7.1667.

A number of research analysts have recently issued reports on the company. Robert W. Baird reissued a “neutral” rating and issued a $8.00 price objective (down from $20.00) on shares of Verra Mobility in a research note on Wednesday, May 27th. CJS Securities downgraded Verra Mobility from a “market outperform” rating to a “market perform” rating and set a $10.00 price objective for the company. in a research note on Wednesday, May 27th. Weiss Ratings downgraded Verra Mobility from a “hold (c-)” rating to a “sell (d+)” rating in a research note on Monday, May 4th. Wall Street Zen downgraded Verra Mobility from a “buy” rating to a “hold” rating in a research note on Saturday, May 9th. Finally, JPMorgan Chase & Co. reissued an “underweight” rating and issued a $8.00 price objective (down from $17.00) on shares of Verra Mobility in a research note on Wednesday, May 27th.

Verra Mobility Trading Up 8.4%

NASDAQ VRRM opened at $4.89 on Tuesday. The business’s 50-day moving average price is $13.56 and its two-hundred day moving average price is $17.86. Verra Mobility has a 12 month low of $3.40 and a 12 month high of $25.83. The firm has a market capitalization of $742.84 million, a PE ratio of 5.96, a price-to-earnings-growth ratio of 1.03 and a beta of 0.44. The company has a current ratio of 1.89, a quick ratio of 1.77 and a debt-to-equity ratio of 3.76.

Verra Mobility (NASDAQ:VRRM) last released its quarterly earnings results on Wednesday, May 6th. The company reported $0.25 EPS for the quarter, meeting analysts’ consensus estimates 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 business’s revenue was up .1% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.30 EPS. Verra Mobility has set its FY 2026 guidance at 1.320-1.380 EPS. On average, analysts expect that Verra Mobility will post 1.08 EPS for the current year.

Hedge Funds Weigh In On Verra Mobility

Institutional investors have recently modified their holdings of the business. SG Americas Securities LLC grew its holdings in shares of Verra Mobility by 144.4% in the fourth quarter. SG Americas Securities LLC now owns 269,649 shares of the company’s stock valued at $6,043,000 after acquiring an additional 159,331 shares in the last quarter. Comerica Bank grew its holdings in shares of Verra Mobility by 134.3% in the fourth quarter. Comerica Bank now owns 139,349 shares of the company’s stock valued at $3,123,000 after acquiring an additional 79,887 shares in the last quarter. Sunriver Management LLC grew its holdings in shares of Verra Mobility by 10.7% in the third quarter. Sunriver Management LLC now owns 2,284,774 shares of the company’s stock valued at $56,434,000 after acquiring an additional 219,976 shares in the last quarter. Thornburg Investment Management Inc. bought a new position in shares of Verra Mobility in the third quarter valued at approximately $7,597,000. Finally, William Blair Investment Management LLC grew its holdings 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 acquiring an additional 896,564 shares in the last quarter.

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.