Verra Mobility Corp $VRRM Stock Holdings Boosted by Prescott Group Capital Management L.L.C.

Prescott Group Capital Management L.L.C. boosted its stake in Verra Mobility Corp (NASDAQ:VRRM) by 130.9% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 666,350 shares of the company’s stock after purchasing an additional 377,823 shares during the period. Prescott Group Capital Management L.L.C. owned about 0.44% of Verra Mobility worth $2,066,000 at the end of the most recent quarter.

Other hedge funds have also recently added to or reduced their stakes in the company. Bank of America Corp DE grew its position in Verra Mobility by 34.4% during the 1st quarter. Bank of America Corp DE now owns 1,576,119 shares of the company’s stock worth $22,523,000 after acquiring an additional 403,638 shares during the last quarter. Sei Investments Co. raised its holdings in Verra Mobility by 10.6% in the 1st quarter. Sei Investments Co. now owns 1,213,838 shares of the company’s stock valued at $17,346,000 after buying an additional 115,968 shares during the last quarter. Punch & Associates Investment Management Inc. raised its holdings in Verra Mobility by 1.7% in the 1st quarter. Punch & Associates Investment Management Inc. now owns 1,147,170 shares of the company’s stock valued at $16,393,000 after buying an additional 19,610 shares during the last quarter. Arrowstreet Capital Limited Partnership boosted its position in Verra Mobility by 206.3% during the 1st quarter. Arrowstreet Capital Limited Partnership now owns 935,021 shares of the company’s stock worth $13,361,000 after buying an additional 629,754 shares during the period. Finally, Edgestream Partners L.P. grew its holdings in Verra Mobility by 41.5% during the 1st quarter. Edgestream Partners L.P. now owns 818,595 shares of the company’s stock worth $11,698,000 after acquiring an additional 240,163 shares during the last quarter.

Verra Mobility Trading Down 0.7%

Shares of VRRM stock opened at $2.66 on Wednesday. Verra Mobility Corp has a fifty-two week low of $2.51 and a fifty-two week high of $23.50. The company has a debt-to-equity ratio of 3.86, a quick ratio of 1.97 and a current ratio of 2.05. The stock has a 50 day simple moving average of $3.36 and a two-hundred day simple moving average of $9.39. The company has a market cap of $404.27 million, a P/E ratio of 11.08 and a beta of 0.45.

Verra Mobility (NASDAQ:VRRM) last posted its quarterly earnings results on Friday, October 30th. The company reported $0.36 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.26 by $0.10. The firm had revenue of $258.88 million for the quarter, compared to analysts’ expectations of $240.57 million. Verra Mobility had a return on equity of 71.65% and a net margin of 3.77%. The company’s revenue for the quarter was down 1.2% compared to the same quarter last year. During the same period in the prior year, the business earned $0.37 EPS. Research analysts forecast that Verra Mobility Corp will post 1.10 earnings per share for the current year.

Wall Street Analysts Forecast Growth

VRRM has been the subject of several recent research reports. UBS Group upped their price target on shares of Verra Mobility from $4.00 to $6.00 and gave the company a “neutral” rating in a research report on Friday, August 7th. JPMorgan Chase & Co. cut shares of Verra Mobility from a “neutral” rating to an “underweight” rating in a research note on Tuesday. Morgan Stanley set a $5.00 price objective on Verra Mobility in a report on Thursday, August 6th. Weiss Ratings reaffirmed a “sell (d)” rating on shares of Verra Mobility in a research report on Monday, September 14th. Finally, Zacks Research raised Verra Mobility from a “strong sell” rating to a “hold” rating in a report on Thursday, August 13th. Eight equities research analysts have rated the stock with a Hold rating and two have issued a Sell rating to the company’s stock. According to MarketBeat.com, Verra Mobility presently has a consensus rating of “Reduce” and an average target price of $6.83.

About Verra Mobility

Verra Mobility Corporation (NASDAQ:VRRM) provides smart mobility technology and services designed to improve transportation safety, efficiency and compliance. The company develops cloud-based solutions that help government agencies, commercial fleets and mobility providers manage transportation-related processes and data.

Its government solutions include automated safety enforcement programs for red-light, speed, school-zone and bus-lane violations, as well as technology supporting school bus safety initiatives.