Verra Mobility Corp (NASDAQ:VRRM) Receives $24.00 Consensus PT from Analysts

Shares of Verra Mobility Corp (NASDAQ:VRRM) have earned an average rating of “Hold” from the five brokerages that are presently covering the stock, Marketbeat Ratings reports. Three analysts have rated the stock with a hold recommendation and two have given a buy recommendation to the company. The average 1-year price objective among brokerages that have issued ratings on the stock in the last year is $24.00.

Several research firms have recently issued reports on VRRM. Robert W. Baird set a $24.00 target price on Verra Mobility in a report on Wednesday, February 25th. Morgan Stanley dropped their price target on Verra Mobility from $24.00 to $20.00 and set an “equal weight” rating for the company in a research note on Wednesday, February 25th. Weiss Ratings reiterated a “hold (c)” rating on shares of Verra Mobility in a research note on Monday, December 29th. JPMorgan Chase & Co. decreased their target price on shares of Verra Mobility from $24.00 to $21.00 and set a “neutral” rating on the stock in a report on Monday, March 9th. Finally, Wall Street Zen cut shares of Verra Mobility from a “strong-buy” rating to a “hold” rating in a research report on Saturday, February 28th.

Verra Mobility Stock Up 0.3%

NASDAQ VRRM opened at $14.28 on Thursday. The company has a current ratio of 2.10, a quick ratio of 2.00 and a debt-to-equity ratio of 3.49. The company has a market cap of $2.16 billion, a price-to-earnings ratio of 16.80, a PEG ratio of 2.32 and a beta of 0.60. The company has a 50 day moving average of $17.92 and a 200-day moving average of $21.30. Verra Mobility has a 1-year low of $13.94 and a 1-year high of $25.83.

Verra Mobility (NASDAQ:VRRM) last issued its quarterly earnings results on Tuesday, February 24th. The company reported $0.30 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.32 by ($0.02). Verra Mobility had a return on equity of 57.45% and a net margin of 13.95%.The company had revenue of $257.86 million for the quarter, compared to analyst estimates of $241.17 million. During the same period in the prior year, the company earned $0.33 EPS. The company’s quarterly revenue was up 16.4% compared to the same quarter last year. Verra Mobility has set its FY 2026 guidance at 1.320-1.380 EPS. On average, equities research analysts expect that Verra Mobility will post 1.08 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the company. Norges Bank bought a new stake in Verra Mobility during the fourth quarter worth $68,608,000. River Road Asset Management LLC raised its holdings in shares of Verra Mobility by 441.6% during the 4th quarter. River Road Asset Management LLC now owns 2,984,760 shares of the company’s stock worth $66,888,000 after buying an additional 2,433,610 shares in the last quarter. Morgan Stanley raised its holdings in shares of Verra Mobility by 44.8% during the 4th quarter. Morgan Stanley now owns 4,194,005 shares of the company’s stock worth $93,988,000 after buying an additional 1,296,602 shares in the last quarter. Goldman Sachs Group Inc. lifted its position in shares of Verra Mobility by 71.8% during the 4th quarter. Goldman Sachs Group Inc. now owns 2,924,781 shares of the company’s stock worth $65,544,000 after buying an additional 1,222,116 shares during the last quarter. Finally, William Blair Investment Management LLC lifted its position in shares of Verra Mobility by 34.7% during the 3rd quarter. William Blair Investment Management LLC now owns 3,479,448 shares of the company’s stock worth $85,942,000 after buying an additional 896,564 shares during 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.