Verra Mobility Corp (NASDAQ:VRRM) Stock Rated “Reduce” by Sell-Side Brokerages

Verra Mobility Corp (NASDAQ:VRRM) has received a consensus recommendation of “Reduce” from the ten analysts that are presently covering the firm, Marketbeat reports. One investment analyst has rated the stock with a sell rating and nine have given a hold rating to the company. The average 12 month target price among analysts that have covered the stock in the last year is $7.00.

Several equities analysts recently commented on VRRM shares. Weiss Ratings reissued a “sell (d)” rating on shares of Verra Mobility in a report on Monday, September 14th. UBS Group upped their price objective on Verra Mobility from $4.00 to $6.00 and gave the stock a “neutral” rating in a research report on Friday, August 7th. Zacks Research upgraded Verra Mobility from a “strong sell” rating to a “hold” rating in a report on Thursday, August 13th. Morgan Stanley set a $5.00 target price on Verra Mobility in a research report on Thursday, August 6th. Finally, JPMorgan Chase & Co. upgraded Verra Mobility from an “underweight” rating to a “neutral” rating and boosted their target price for the stock from $5.00 to $6.00 in a research note on Monday, July 13th.

Institutional Trading of Verra Mobility

Several institutional investors have recently modified their holdings of VRRM. Caitong International Asset Management Co. Ltd grew its position in shares of Verra Mobility by 967.8% in the 4th quarter. Caitong International Asset Management Co. Ltd now owns 1,260 shares of the company’s stock valued at $28,000 after buying an additional 1,142 shares during the last quarter. Everhart Financial Group Inc. acquired a new position in Verra Mobility in the third quarter valued at $32,000. Kure Advisory LLC acquired a new position in Verra Mobility in the third quarter valued at $39,000. HB Wealth Management LLC purchased a new position in shares of Verra Mobility during the second quarter worth about $43,000. Finally, Versant Capital Management Inc grew its holdings in shares of Verra Mobility by 190.4% during the second quarter. Versant Capital Management Inc now owns 10,378 shares of the company’s stock worth $44,000 after purchasing an additional 6,804 shares during the last quarter.

Verra Mobility Trading Up 0.7%

NASDAQ VRRM opened at $2.94 on Monday. The company has a quick ratio of 1.96, a current ratio of 2.06 and a debt-to-equity ratio of 4.58. Verra Mobility has a 52 week low of $2.77 and a 52 week high of $25.45. The stock has a market capitalization of $446.82 million, a PE ratio of 11.31 and a beta of 0.42. The firm has a 50 day moving average of $3.99 and a two-hundred day moving average of $7.39.

Verra Mobility (NASDAQ:VRRM) last announced its quarterly earnings data on Wednesday, August 5th. The company reported $0.38 earnings per share for the quarter, beating analysts’ consensus estimates of $0.33 by $0.05. The business had revenue of $263.59 million for the quarter, compared to analyst estimates of $254.81 million. Verra Mobility had a net margin of 4.40% and a return on equity of 64.39%. The company’s revenue was up 11.7% on a year-over-year basis. During the same period last year, the business earned $0.34 EPS. As a group, research analysts expect that Verra Mobility will post 1.11 EPS for the current fiscal year.

Verra Mobility Company Profile

Verra Mobility Corporation (NASDAQ: VRRM) is a smart mobility technology company that provides solutions designed to make transportation safer, more efficient and easier to manage. Its customers include government agencies, commercial fleets, rental car companies and other organizations that oversee vehicles, roads and transportation programs.

The company’s government solutions include automated traffic enforcement technologies and services, such as systems used to help administer red-light, speed, school-bus-stop-arm and other roadway safety programs.