Verra Mobility Corp $VRRM Shares Newly Bought by CenterBook Partners LP

CenterBook Partners LP purchased a new position in Verra Mobility Corp (NASDAQ:VRRM) during the third quarter, Holdings Channel reports. The fund purchased 440,733 shares of the company’s stock, valued at approximately $1,366,000.

Other institutional investors also recently added to or reduced their stakes in the company. Prescott Group Capital Management L.L.C. increased its holdings in Verra Mobility by 130.9% during the third quarter. Prescott Group Capital Management L.L.C. now owns 666,350 shares of the company’s stock worth $2,066,000 after buying an additional 377,823 shares during the last quarter. State of Wyoming raised its position in Verra Mobility by 124.9% in the third quarter. State of Wyoming now owns 61,877 shares of the company’s stock worth $192,000 after acquiring an additional 34,360 shares during the period. VIRGINIA RETIREMENT SYSTEMS ET Al boosted its stake in Verra Mobility by 191.0% in the third quarter. VIRGINIA RETIREMENT SYSTEMS ET Al now owns 93,400 shares of the company’s stock valued at $290,000 after acquiring an additional 61,300 shares during the last quarter. Parametrica Management Ltd purchased a new position in Verra Mobility in the third quarter valued at about $37,000. Finally, Simplicity Wealth LLC boosted its stake in Verra Mobility by 120.7% in the third quarter. Simplicity Wealth LLC now owns 48,019 shares of the company’s stock valued at $149,000 after acquiring an additional 26,260 shares during the last quarter.

Wall Street Analyst Weigh In

VRRM has been the subject of a number of research reports. Zacks Research raised shares of Verra Mobility from a “strong sell” rating to a “hold” rating in a research report on Thursday, August 13th. UBS Group lifted their price target on shares of Verra Mobility from $4.00 to $6.00 and gave the stock a “neutral” rating in a report on Friday, August 7th. Morgan Stanley dropped their price objective on Verra Mobility from $5.00 to $3.00 and set an “equal weight” rating on the stock in a research note on Wednesday, November 4th. JPMorgan Chase & Co. downgraded Verra Mobility from a “neutral” rating to an “underweight” rating in a research note on Tuesday, November 3rd. Finally, Weiss Ratings reissued a “sell (d)” rating on shares of Verra Mobility in a report on Monday, September 14th. Eight analysts have rated the stock with a Hold rating and two have issued a Sell rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Reduce” and an average price target of $6.50.

Verra Mobility Stock Down 2.7%

VRRM stock opened at $2.13 on Tuesday. The stock has a fifty day moving average of $3.19 and a 200-day moving average of $8.99. Verra Mobility Corp has a fifty-two week low of $2.04 and a fifty-two week high of $23.41. The company has a market capitalization of $323.72 million, a price-to-earnings ratio of 8.88 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 (NASDAQ:VRRM) last announced its quarterly earnings data on Friday, October 30th. The company reported $0.36 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.26 by $0.10. Verra Mobility had a return on equity of 71.65% and a net margin of 3.77%. The business had revenue of $258.88 million for the quarter, compared to analysts’ expectations of $240.57 million. During the same period in the previous year, the business posted $0.37 EPS. The firm’s quarterly revenue was down 1.2% compared to the same quarter last year. As a group, equities research analysts predict that Verra Mobility Corp will post 1.09 earnings per share for the current year.

Verra Mobility Company Profile

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.