Verra Mobility Corp $VRRM Shares Purchased by Renaissance Group LLC

Renaissance Group LLC raised its position in Verra Mobility Corp (NASDAQ:VRRM) by 30.9% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 302,610 shares of the company’s stock after buying an additional 71,514 shares during the period. Renaissance Group LLC owned about 0.19% of Verra Mobility worth $7,683,000 at the end of the most recent reporting period.

Other large investors also recently bought and sold shares of the company. US Bancorp DE increased its position in shares of Verra Mobility by 76.6% during the first quarter. US Bancorp DE now owns 7,782 shares of the company’s stock worth $175,000 after purchasing an additional 3,376 shares in the last quarter. Intech Investment Management LLC grew its holdings in shares of Verra Mobility by 19.6% during the first quarter. Intech Investment Management LLC now owns 83,066 shares of the company’s stock worth $1,870,000 after buying an additional 13,636 shares in the last quarter. Punch & Associates Investment Management Inc. grew its holdings in shares of Verra Mobility by 2.4% during the first 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 in the last quarter. Farther Finance Advisors LLC raised its position in shares of Verra Mobility by 46.6% in the second quarter. Farther Finance Advisors LLC now owns 1,447 shares of the company’s stock valued at $37,000 after buying an additional 460 shares during the last quarter. Finally, Caxton Associates LLP purchased a new position in shares of Verra Mobility in the first quarter worth about $1,639,000.

Wall Street Analyst Weigh In

Several brokerages have recently weighed in on VRRM. Weiss Ratings restated a “hold (c)” rating on shares of Verra Mobility in a research report on Thursday, November 13th. Robert W. Baird boosted their price objective on Verra Mobility from $28.00 to $30.00 and gave the stock an “outperform” rating in a research note on Thursday, August 21st. Wall Street Zen downgraded Verra Mobility from a “strong-buy” rating to a “buy” rating in a research note on Sunday, November 9th. Finally, UBS Group lifted their price target on Verra Mobility from $29.00 to $31.00 and gave the stock a “buy” rating in a report on Thursday, October 30th. One analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating and two have given a Hold rating to the stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $28.00.

Verra Mobility Price Performance

VRRM stock opened at $22.36 on Wednesday. Verra Mobility Corp has a 52-week low of $19.51 and a 52-week high of $27.20. The company has a quick ratio of 2.21, a current ratio of 2.28 and a debt-to-equity ratio of 2.93. The stock has a market cap of $3.57 billion, a price-to-earnings ratio of 69.88, a price-to-earnings-growth ratio of 2.79 and a beta of 0.77. The business has a fifty day moving average of $23.91 and a two-hundred day moving average of $24.27.

Verra Mobility (NASDAQ:VRRM) last announced its earnings results on Wednesday, October 29th. The company reported $0.37 earnings per share for the quarter, topping the consensus estimate of $0.34 by $0.03. The company had revenue of $261.94 million during the quarter, compared to analyst estimates of $237.68 million. Verra Mobility had a net margin of 5.42% and a return on equity of 65.57%. Verra Mobility’s revenue was up 16.1% compared to the same quarter last year. During the same quarter last year, the firm posted $0.32 earnings per share. Verra Mobility has set its FY 2025 guidance at 1.300-1.350 EPS. As a group, research analysts anticipate that Verra Mobility Corp will post 1.08 earnings per share for the current year.

Verra Mobility 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.