Verra Mobility Corp (NASDAQ:VRRM) Given Consensus Rating of “Reduce” by Brokerages

Shares of Verra Mobility Corp (NASDAQ:VRRM) have been assigned an average recommendation of “Reduce” from the ten research firms that are presently covering the company, MarketBeat Ratings reports. Three investment analysts have rated the stock with a sell rating and seven have assigned a hold rating to the company. The average 12-month price target among analysts that have covered the stock in the last year is $6.8333.

VRRM has been the subject of several recent analyst reports. Zacks Research cut shares of Verra Mobility from a “hold” rating to a “strong sell” rating in a report on Monday, June 1st. JPMorgan Chase & Co. reiterated an “underweight” rating and issued a $8.00 price objective (down from $17.00) on shares of Verra Mobility in a report on Wednesday, May 27th. Weiss Ratings cut shares of Verra Mobility from a “hold (c-)” rating to a “sell (d+)” rating in a report on Monday, May 4th. UBS Group cut shares of Verra Mobility from a “buy” rating to a “neutral” rating and reduced their target price for the stock from $23.00 to $4.00 in a report on Thursday, May 28th. Finally, Northcoast Research restated a “neutral” rating on shares of Verra Mobility in a report on Wednesday, May 27th.

Verra Mobility Stock Performance

Verra Mobility stock opened at $4.31 on Tuesday. The firm has a 50 day simple moving average of $12.74 and a 200-day simple moving average of $17.37. The company has a debt-to-equity ratio of 3.76, a current ratio of 1.89 and a quick ratio of 1.77. The stock has a market capitalization of $654.73 million, a PE ratio of 5.26, a price-to-earnings-growth ratio of 0.98 and a beta of 0.43. Verra Mobility has a 12-month low of $3.40 and a 12-month high of $25.83.

Verra Mobility (NASDAQ:VRRM) last posted its quarterly earnings data on Wednesday, May 6th. The company reported $0.25 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.25. The business had revenue of $223.57 million during the quarter, compared to analysts’ expectations of $223.34 million. Verra Mobility had a net margin of 13.38% and a return on equity of 55.59%. The business’s revenue was up .1% on a year-over-year basis. During the same period last year, the firm posted $0.30 earnings per share. Verra Mobility has set its FY 2026 guidance at 1.320-1.380 EPS. As a group, equities research analysts expect that Verra Mobility will post 1.08 EPS for the current fiscal year.

Institutional Trading of Verra Mobility

A number of large investors have recently added to or reduced their stakes in the business. State of Wyoming boosted its holdings in Verra Mobility by 1.5% during the third quarter. State of Wyoming now owns 31,483 shares of the company’s stock worth $778,000 after buying an additional 454 shares in the last quarter. Smartleaf Asset Management LLC boosted its holdings in Verra Mobility by 14.9% during the third quarter. Smartleaf Asset Management LLC now owns 3,922 shares of the company’s stock worth $97,000 after buying an additional 508 shares in the last quarter. Victory Capital Management Inc. boosted its holdings in Verra Mobility by 1.1% during the third quarter. Victory Capital Management Inc. now owns 45,583 shares of the company’s stock worth $1,126,000 after buying an additional 511 shares in the last quarter. EverSource Wealth Advisors LLC boosted its holdings in Verra Mobility by 35.2% during the third quarter. EverSource Wealth Advisors LLC now owns 2,020 shares of the company’s stock worth $50,000 after buying an additional 526 shares in the last quarter. Finally, Lido Advisors LLC boosted its holdings in Verra Mobility by 6.3% during the third quarter. Lido Advisors LLC now owns 10,025 shares of the company’s stock worth $248,000 after buying an additional 595 shares in the last quarter.

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.