Verra Mobility Corp (NASDAQ:VRRM) Stock Has Consensus Target Price of $6.83

Verra Mobility Corp (NASDAQ:VRRM) has been assigned an average rating of “Reduce” from the ten research firms that are covering the stock, Marketbeat.com reports. Two equities research analysts have rated the stock with a sell rating and eight 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 $6.50.

A number of research firms have commented on VRRM. Morgan Stanley dropped their price target on shares of Verra Mobility from $5.00 to $3.00 and set an “equal weight” rating on the stock in a research report on Wednesday. UBS Group boosted their target price on Verra Mobility from $4.00 to $6.00 and gave the stock a “neutral” rating in a report on Friday, August 7th. Weiss Ratings restated a “sell (d)” rating on shares of Verra Mobility in a research report on Monday, September 14th. Zacks Research upgraded Verra Mobility from a “strong sell” rating to a “hold” rating in a research report on Thursday, August 13th. Finally, JPMorgan Chase & Co. downgraded Verra Mobility from a “neutral” rating to an “underweight” rating in a research note on Tuesday.

Institutional Investors Weigh In On Verra Mobility

Institutional investors and hedge funds have recently bought and sold shares of the business. Everhart Financial Group Inc. purchased a new stake in Verra Mobility during the third quarter valued at about $32,000. Parametrica Management Ltd acquired a new position in shares of Verra Mobility in the third quarter worth about $37,000. Kure Advisory LLC acquired a new position in shares of Verra Mobility in the third quarter worth about $39,000. HB Wealth Management LLC purchased a new position in shares of Verra Mobility in the second quarter worth approximately $43,000. Finally, Versant Capital Management Inc increased its position in shares of Verra Mobility by 190.4% in the second quarter. Versant Capital Management Inc now owns 10,378 shares of the company’s stock worth $44,000 after acquiring an additional 6,804 shares in the last quarter.

Verra Mobility Stock Performance

Shares of VRRM opened at $2.32 on Friday. The firm has a fifty day moving average of $3.28 and a 200-day moving average of $9.19. The company has a market cap of $352.59 million, a price-to-earnings ratio of 9.67 and a beta of 0.45. The company has a debt-to-equity ratio of 3.86, a quick ratio of 1.97 and a current ratio of 2.05. Verra Mobility has a 1 year low of $2.26 and a 1 year high of $23.50.

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

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.