Northcoast Research Reaffirms Neutral Rating for Verra Mobility (NASDAQ:VRRM)

Verra Mobility (NASDAQ:VRRM)‘s stock had its “neutral” rating reaffirmed by analysts at Northcoast Research in a research report issued to clients and investors on Wednesday, MarketBeat.com reports.

A number of other brokerages have also weighed in on VRRM. JPMorgan Chase & Co. restated an “underweight” rating and set a $8.00 price target (down from $17.00) on shares of Verra Mobility in a research note on Wednesday. Robert W. Baird reiterated a “neutral” rating and issued a $8.00 target price (down from $20.00) on shares of Verra Mobility in a research note on Wednesday. Wall Street Zen downgraded shares of Verra Mobility from a “buy” rating to a “hold” rating in a research report on Saturday, May 9th. Deutsche Bank Aktiengesellschaft lowered shares of Verra Mobility from a “buy” rating to a “hold” rating and cut their price target for the company from $22.00 to $9.00 in a research note on Wednesday. Finally, Morgan Stanley set a $15.00 price objective on shares of Verra Mobility in a research note on Thursday, May 7th. One investment analyst has rated the stock with a Buy rating, six have issued a Hold rating and two have issued a Sell rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Reduce” and a consensus target price of $13.50.

Verra Mobility Stock Down 72.2%

Shares of VRRM traded down $9.44 during midday trading on Wednesday, hitting $3.64. 18,176,446 shares of the company’s stock traded hands, compared to its average volume of 1,799,812. The company has a current ratio of 1.89, a quick ratio of 1.77 and a debt-to-equity ratio of 3.76. The stock has a market capitalization of $553.09 million, a price-to-earnings ratio of 4.41, a price-to-earnings-growth ratio of 2.72 and a beta of 0.67. Verra Mobility has a 1 year low of $3.60 and a 1 year high of $25.83. The firm’s fifty day moving average is $14.39 and its 200-day moving average is $18.38.

Verra Mobility (NASDAQ:VRRM) last announced its earnings results on Wednesday, May 6th. The company reported $0.25 earnings per share for the quarter, hitting the consensus estimate of $0.25. Verra Mobility had a return on equity of 55.59% and a net margin of 13.38%.The firm had revenue of $223.57 million for the quarter, compared to the consensus estimate of $223.34 million. During the same period in the previous year, the business earned $0.30 EPS. The firm’s revenue for the quarter was up .1% on a year-over-year basis. Verra Mobility has set its FY 2026 guidance at 1.320-1.380 EPS. As a group, sell-side analysts anticipate that Verra Mobility will post 1.22 earnings per share for the current year.

Hedge Funds Weigh In On Verra Mobility

Several hedge funds and other institutional investors have recently bought and sold shares of VRRM. Global Retirement Partners LLC purchased a new position in Verra Mobility during the 4th quarter worth approximately $27,000. Caitong International Asset Management Co. Ltd lifted its stake in Verra Mobility by 967.8% during the 4th quarter. Caitong International Asset Management Co. Ltd now owns 1,260 shares of the company’s stock valued at $28,000 after acquiring an additional 1,142 shares during the period. Rothschild Investment LLC boosted its holdings in shares of Verra Mobility by 238.3% in the 3rd quarter. Rothschild Investment LLC now owns 1,167 shares of the company’s stock valued at $29,000 after acquiring an additional 822 shares during the last quarter. Salomon & Ludwin LLC increased its stake in shares of Verra Mobility by 100.7% in the fourth quarter. Salomon & Ludwin LLC now owns 1,497 shares of the company’s stock worth $34,000 after acquiring an additional 751 shares during the period. Finally, EverSource Wealth Advisors LLC increased its stake in shares of Verra Mobility by 439.4% in the second quarter. EverSource Wealth Advisors LLC now owns 1,494 shares of the company’s stock worth $38,000 after acquiring an additional 1,217 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.