Separately, Zacks Investment Research cut Verra Mobility from a buy rating to a hold rating in a research report on Friday, August 14th. Three equities research analysts have rated the stock with a hold rating and five have given a buy rating to the company. Verra Mobility presently has an average rating of Buy and an average price target of $12.42.
Verra Mobility stock opened at $9.61 on Tuesday. Verra Mobility has a 52 week low of $5.63 and a 52 week high of $17.20. The business has a 50-day simple moving average of $10.09 and a 200 day simple moving average of $10.15. The company has a quick ratio of 4.16, a current ratio of 4.16 and a debt-to-equity ratio of 2.51. The stock has a market cap of $1.55 billion, a price-to-earnings ratio of 87.37 and a beta of 1.45.
Verra Mobility (NASDAQ:VRRM) last posted its earnings results on Thursday, August 6th. The company reported $0.03 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.01) by $0.04. Verra Mobility had a return on equity of 26.82% and a net margin of 4.17%. The business had revenue of $79.81 million during the quarter, compared to analysts’ expectations of $76.75 million. On average, research analysts anticipate that Verra Mobility will post 0.34 earnings per share for the current year.
A number of hedge funds have recently modified their holdings of the business. State Board of Administration of Florida Retirement System lifted its stake in Verra Mobility by 9.9% during the second quarter. State Board of Administration of Florida Retirement System now owns 36,580 shares of the company’s stock worth $376,000 after purchasing an additional 3,290 shares during the last quarter. Great West Life Assurance Co. Can lifted its stake in shares of Verra Mobility by 50.3% in the 2nd quarter. Great West Life Assurance Co. Can now owns 10,577 shares of the company’s stock valued at $108,000 after acquiring an additional 3,541 shares during the last quarter. Nisa Investment Advisors LLC bought a new stake in shares of Verra Mobility in the 3rd quarter valued at about $41,000. Arizona State Retirement System lifted its stake in shares of Verra Mobility by 18.3% in the 2nd quarter. Arizona State Retirement System now owns 28,737 shares of the company’s stock valued at $295,000 after acquiring an additional 4,451 shares during the last quarter. Finally, Zurcher Kantonalbank Zurich Cantonalbank lifted its stake in shares of Verra Mobility by 60.1% in the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 15,341 shares of the company’s stock valued at $158,000 after acquiring an additional 5,760 shares during the last quarter. 89.83% of the stock is owned by hedge funds and other institutional investors.
Verra Mobility Company Profile
Verra Mobility Corporation provides smart mobility technology solutions and services in the United States, Canada, and Europe. It operates through two segments, Government Solutions and Commercial Services. The Government Solutions segment offers automated safety solutions, including services and technologies that enable photo enforcement through road safety camera programs, which detects and process traffic violations related to red light, speed, school bus, and city bus lanes.
Featured Story: How to use beta for portfolio diversification
Receive News & Ratings for Verra Mobility Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Verra Mobility and related companies with MarketBeat.com's FREE daily email newsletter.