Verra Mobility Corp (NASDAQ:VRRM) Receives $27.25 Average PT from Brokerages

Verra Mobility Corp (NASDAQ:VRRM) has received an average recommendation of “Hold” from the five research firms that are presently covering the company, MarketBeat Ratings reports. Three investment analysts have rated the stock with a hold rating and two have given a buy rating to the company. The average 1-year price target among brokerages that have issued a report on the stock in the last year is $24.75.

Several research firms recently commented on VRRM. Morgan Stanley reduced their target price on shares of Verra Mobility from $24.00 to $20.00 and set an “equal weight” rating on the stock in a report on Wednesday. Wall Street Zen cut Verra Mobility from a “strong-buy” rating to a “hold” rating in a research note on Saturday. Robert W. Baird set a $24.00 price objective on Verra Mobility in a report on Wednesday. Weiss Ratings restated a “hold (c)” rating on shares of Verra Mobility in a report on Monday, December 29th. Finally, JPMorgan Chase & Co. reduced their price target on Verra Mobility from $25.00 to $24.00 and set a “neutral” rating on the stock in a research report on Wednesday.

Verra Mobility Trading Down 1.4%

Shares of Verra Mobility stock opened at $16.71 on Friday. The company’s 50-day moving average price is $20.53 and its 200-day moving average price is $22.47. The company has a current ratio of 2.10, a quick ratio of 2.35 and a debt-to-equity ratio of 3.49. Verra Mobility has a 12-month low of $15.58 and a 12-month high of $25.83. The company has a market cap of $2.67 billion, a price-to-earnings ratio of 19.66, a PEG ratio of 2.66 and a beta of 0.59.

Verra Mobility (NASDAQ:VRRM) last posted its quarterly earnings data on Tuesday, February 24th. The company reported $0.30 earnings per share (EPS) for the quarter, missing the consensus estimate 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 for the quarter, compared to the consensus estimate of $241.17 million. During the same period in the prior year, the business posted $0.33 EPS. Verra Mobility’s quarterly revenue was up 16.4% on a year-over-year basis. Verra Mobility has set its FY 2026 guidance at 1.320-1.380 EPS. On average, equities analysts expect that Verra Mobility will post 1.08 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Verra Mobility

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. River Road Asset Management LLC raised its position in shares of Verra Mobility by 441.6% in the 4th quarter. River Road Asset Management LLC now owns 2,984,760 shares of the company’s stock worth $66,888,000 after acquiring an additional 2,433,610 shares in the last quarter. Empowered Funds LLC purchased a new stake in Verra Mobility in the fourth quarter worth $109,000. XTX Topco Ltd raised its holdings in Verra Mobility by 896.8% in the fourth quarter. XTX Topco Ltd now owns 205,095 shares of the company’s stock worth $4,596,000 after purchasing an additional 184,519 shares in the last quarter. VARCOV Co. purchased a new position in Verra Mobility during the fourth quarter valued at $496,000. Finally, Wellington Management Group LLP lifted its position in Verra Mobility by 4.9% during the fourth quarter. Wellington Management Group LLP now owns 7,059,237 shares of the company’s stock valued at $158,198,000 after buying an additional 329,264 shares during the period.

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.