Verra Mobility (NASDAQ:VRRM) Sets New 52-Week Low – What’s Next?

Verra Mobility Corp (NASDAQ:VRRM)’s stock price reached a new 52-week low on Tuesday . The stock traded as low as $12.99 and last traded at $13.37, with a volume of 1687663 shares trading hands. The stock had previously closed at $13.10.

Analyst Upgrades and Downgrades

VRRM has been the topic of several recent research reports. Wall Street Zen lowered shares of Verra Mobility from a “buy” rating to a “hold” rating in a report on Saturday, May 9th. Weiss Ratings lowered shares of Verra Mobility from a “hold (c-)” rating to a “sell (d+)” rating in a report on Monday, May 4th. Robert W. Baird set a $20.00 target price on shares of Verra Mobility in a report on Friday, May 8th. JPMorgan Chase & Co. reduced their target price on shares of Verra Mobility from $19.00 to $17.00 and set a “neutral” rating on the stock in a report on Friday. Finally, Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating and set a $22.00 price target on shares of Verra Mobility in a research note on Thursday, May 7th. Three research analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of $21.00.

Verra Mobility Price Performance

The company’s 50-day moving average price is $14.68 and its two-hundred day moving average price is $18.80. The company has a market cap of $2.03 billion, a P/E ratio of 16.31, a P/E/G ratio of 2.62 and a beta of 0.67. 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 announced its quarterly earnings data on Wednesday, May 6th. The company reported $0.25 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.25. Verra Mobility had a net margin of 13.38% and a return on equity of 55.59%. The business had revenue of $223.57 million during the quarter, compared to the consensus estimate of $223.34 million. During the same quarter in the prior year, the firm earned $0.30 EPS. The company’s revenue for the quarter was up .1% compared to the same quarter last year. Verra Mobility has set its FY 2026 guidance at 1.320-1.380 EPS. As a group, sell-side analysts expect that Verra Mobility Corp will post 1.23 earnings per share for the current year.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of the company. State of Wyoming boosted its stake in Verra Mobility by 1.5% during the 3rd quarter. State of Wyoming now owns 31,483 shares of the company’s stock valued at $778,000 after purchasing an additional 454 shares during the period. Smartleaf Asset Management LLC lifted its stake in shares of Verra Mobility by 14.9% in the 3rd quarter. Smartleaf Asset Management LLC now owns 3,922 shares of the company’s stock worth $97,000 after acquiring an additional 508 shares during the period. Victory Capital Management Inc. lifted its stake in shares of Verra Mobility by 1.1% in the 3rd quarter. Victory Capital Management Inc. now owns 45,583 shares of the company’s stock worth $1,126,000 after acquiring an additional 511 shares during the period. EverSource Wealth Advisors LLC lifted its stake in shares of Verra Mobility by 35.2% in the 3rd quarter. EverSource Wealth Advisors LLC now owns 2,020 shares of the company’s stock worth $50,000 after acquiring an additional 526 shares during the period. Finally, Lido Advisors LLC lifted its stake in shares of Verra Mobility by 6.3% in the 3rd quarter. Lido Advisors LLC now owns 10,025 shares of the company’s stock worth $248,000 after acquiring an additional 595 shares during the period.

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.