Verra Mobility (NASDAQ:VRRM) Trading 3.7% Higher – Should You Buy?

Verra Mobility Co. (NASDAQ:VRRM) shot up 3.7% during mid-day trading on Tuesday . The company traded as high as $24.88 and last traded at $24.58. 152,459 shares traded hands during trading, a decline of 87% from the average session volume of 1,180,554 shares. The stock had previously closed at $23.70.

Analyst Upgrades and Downgrades

VRRM has been the topic of a number of research analyst reports. Baird R W raised Verra Mobility from a “hold” rating to a “strong-buy” rating in a report on Tuesday, April 22nd. Morgan Stanley dropped their price target on Verra Mobility from $25.00 to $23.00 and set an “equal weight” rating on the stock in a research report on Thursday, March 27th. UBS Group lowered their price target on shares of Verra Mobility from $31.50 to $29.50 and set a “buy” rating on the stock in a report on Thursday, May 8th. Finally, Robert W. Baird upped their target price on Verra Mobility from $27.00 to $28.00 and gave the stock an “outperform” rating in a research report on Thursday, May 8th. One analyst has rated the stock with a hold rating, three have issued a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Buy” and an average price target of $27.38.

Verra Mobility Price Performance

The stock’s fifty day moving average is $22.01 and its 200-day moving average is $23.53. The company has a debt-to-equity ratio of 2.13, a current ratio of 2.61 and a quick ratio of 2.52. The stock has a market capitalization of $3.92 billion, a P/E ratio of 40.96, a PEG ratio of 2.18 and a beta of 0.80.

Verra Mobility (NASDAQ:VRRM) last posted its earnings results on Wednesday, May 7th. The company reported $0.30 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.29 by $0.01. Verra Mobility had a net margin of 11.64% and a return on equity of 38.97%. The business had revenue of $223.25 million for the quarter, compared to analyst estimates of $216.94 million. During the same period last year, the business posted $0.27 EPS. Verra Mobility’s revenue was up 6.5% compared to the same quarter last year. On average, equities analysts anticipate that Verra Mobility Co. will post 1.08 earnings per share for the current year.

Insider Activity at Verra Mobility

In related news, insider Jonathan Keyser sold 18,719 shares of the stock in a transaction dated Friday, May 9th. The shares were sold at an average price of $24.28, for a total value of $454,497.32. Following the completion of the sale, the insider now owns 1,179 shares in the company, valued at approximately $28,626.12. This trade represents a 94.07% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 1.05% of the company’s stock.

Institutional Trading of Verra Mobility

A number of hedge funds have recently modified their holdings of the company. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its holdings in shares of Verra Mobility by 155.8% during the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 5,280,591 shares of the company’s stock worth $118,866,000 after buying an additional 3,215,973 shares in the last quarter. Caxton Associates LLP bought a new position in Verra Mobility in the first quarter valued at approximately $1,639,000. Goldman Sachs Group Inc. lifted its stake in shares of Verra Mobility by 33.0% in the 1st quarter. Goldman Sachs Group Inc. now owns 1,182,297 shares of the company’s stock valued at $26,614,000 after purchasing an additional 293,082 shares during the period. Select Equity Group L.P. increased its holdings in Verra Mobility by 517.5% in the first quarter. Select Equity Group L.P. now owns 532,704 shares of the company’s stock valued at $11,991,000 after purchasing an additional 446,441 shares during the last quarter. Finally, Punch & Associates Investment Management Inc. grew its position in shares of Verra Mobility by 2.4% during the 1st quarter. Punch & Associates Investment Management Inc. now owns 1,121,731 shares of the company’s stock worth $25,250,000 after buying an additional 26,067 shares during the period.

Verra Mobility Company Profile

Verra Mobility Corporation provides smart mobility technology solutions and services in the United States, Australia, Canada, and Europe. It operates through three segments: Commercial Services, Government Solutions, and Parking Solutions. The Commercial Services segment provides automated toll and violations management, and title and registration services to rental car companies, fleet management companies, and other large fleet owners.