Verra Mobility (NASDAQ:VRRM) Shares Up 8.2% – Here’s What Happened

Verra Mobility Corp (NASDAQ:VRRM) shot up 8.2% during trading on Tuesday . The stock traded as high as $4.52 and last traded at $4.5240. 7,722,889 shares were traded during mid-day trading, an increase of 127% from the average session volume of 3,396,208 shares. The stock had previously closed at $4.18.

Verra Mobility News Summary

Here are the key news stories impacting Verra Mobility this week:

• Negative Sentiment: Several law firms, including Faruqi & Faruqi, Robbins LLP, Kessler Topaz, Glancy Prongay, and others, issued fresh reminders about the pending securities class action against Verra Mobility, keeping legal overhang front and center for investors. Article Title
• Negative Sentiment: Newer reports say the lawsuit stems in part from Verra’s internal review and Avis Budget Group’s termination of renewal talks, which raises concerns about customer retention and disclosure practices. Article Title
• Neutral Sentiment: Additional firms such as Rosen, Howard G. Smith, Bernstein Liebhard, Levi & Korsinsky, and others are also marketing the case to investors, reinforcing that the lawsuit remains active and that legal uncertainty is likely to persist near term. Article Title

Wall Street Analysts Forecast Growth

Several research firms have recently commented on VRRM. CJS Securities lowered shares of Verra Mobility from a “market outperform” rating to a “market perform” rating and set a $10.00 price target for the company. in a report on Wednesday, May 27th. Wall Street Zen lowered shares of Verra Mobility from a “buy” rating to a “hold” rating in a report on Saturday, May 9th. Northcoast Research reaffirmed a “neutral” rating on shares of Verra Mobility in a report on Wednesday, May 27th. Robert W. Baird decreased their price target on shares of Verra Mobility from $8.00 to $6.00 and set a “neutral” rating for the company in a report on Tuesday, June 2nd. Finally, UBS Group lowered shares of Verra Mobility from a “buy” rating to a “neutral” rating and decreased their price target for the company from $23.00 to $4.00 in a report on Thursday, May 28th. Seven investment analysts have rated the stock with a Hold rating and three have issued a Sell rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Reduce” and a consensus price target of $6.83.

Verra Mobility Stock Performance

The stock has a market capitalization of $683.58 million, a P/E ratio of 5.49 and a beta of 0.43. The company’s 50-day moving average is $12.16 and its two-hundred day moving average is $16.97. 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 issued its quarterly earnings data on Wednesday, May 6th. The company reported $0.25 earnings per share for the quarter, meeting the consensus estimate of $0.25. The firm had revenue of $223.57 million for the quarter, compared to the consensus estimate of $223.34 million. Verra Mobility had a net margin of 13.38% and a return on equity of 55.59%. Verra Mobility’s quarterly revenue was up .1% compared to the same quarter last year. During the same period last year, the firm posted $0.30 EPS. Verra Mobility has set its FY 2026 guidance at 1.320-1.380 EPS. As a group, sell-side analysts anticipate that Verra Mobility Corp will post 1.08 EPS for the current fiscal year.

Institutional Trading of Verra Mobility

Several hedge funds have recently bought and sold shares of the company. Bank of America Corp DE lifted its position in Verra Mobility by 34.4% in the 1st quarter. Bank of America Corp DE now owns 1,576,119 shares of the company’s stock valued at $22,523,000 after purchasing an additional 403,638 shares during the last quarter. Edgestream Partners L.P. lifted its position in Verra Mobility by 41.5% in the 1st quarter. Edgestream Partners L.P. now owns 818,595 shares of the company’s stock valued at $11,698,000 after purchasing an additional 240,163 shares during the last quarter. Amundi raised its position in shares of Verra Mobility by 39.0% during the 1st quarter. Amundi now owns 36,773 shares of the company’s stock worth $525,000 after buying an additional 10,319 shares in the last quarter. California State Teachers Retirement System raised its position in shares of Verra Mobility by 28.4% during the 1st quarter. California State Teachers Retirement System now owns 192,168 shares of the company’s stock worth $2,746,000 after buying an additional 42,464 shares in the last quarter. Finally, Hawk Ridge Capital Management LP bought a new stake in shares of Verra Mobility during the 1st quarter worth about $6,390,000.

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.