Robert W. Baird lowered shares of Verra Mobility (NASDAQ:VRRM – Free Report) from a strong-buy rating to a hold rating in a report issued on Wednesday,Zacks.com reports.
Other analysts have also issued research reports about the stock. William Blair lowered shares of Verra Mobility from an “outperform” rating to a “market perform” rating in a research note on Wednesday. Northcoast Research reiterated a “neutral” rating on shares of Verra Mobility in a research note on Wednesday. Deutsche Bank Aktiengesellschaft reiterated a “hold” rating and set a $9.00 price objective (down from $22.00) on shares of Verra Mobility in a research note on Wednesday. Weiss Ratings lowered shares of Verra Mobility from a “hold (c-)” rating to a “sell (d+)” rating in a research note on Monday, May 4th. Finally, JPMorgan Chase & Co. reiterated an “underweight” rating and set a $8.00 price objective (down from $17.00) on shares of Verra Mobility in a research note on Wednesday. One equities research analyst has rated the stock with a Buy rating, six have given a Hold rating and two have given a Sell rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Reduce” and a consensus price target of $11.67.
Read Our Latest Research Report on VRRM
Verra Mobility Trading Down 70.6%
Verra Mobility (NASDAQ:VRRM – Get Free Report) last posted its quarterly earnings data on Wednesday, May 6th. The company reported $0.25 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.25. The company had revenue of $223.57 million for the quarter, compared to analyst estimates of $223.34 million. Verra Mobility had a net margin of 13.38% and a return on equity of 55.59%. The business’s quarterly revenue was up .1% on a year-over-year basis. During the same quarter last year, the firm posted $0.30 earnings per share. Verra Mobility has set its FY 2026 guidance at 1.320-1.380 EPS. On average, sell-side analysts predict that Verra Mobility will post 1.22 EPS for the current year.
Institutional Trading of Verra Mobility
Hedge funds and other institutional investors have recently made changes to their positions in the stock. Global Retirement Partners LLC bought a new stake in shares of Verra Mobility in the fourth quarter worth $27,000. Caitong International Asset Management Co. Ltd boosted its holdings in Verra Mobility by 967.8% in the fourth quarter. Caitong International Asset Management Co. Ltd now owns 1,260 shares of the company’s stock worth $28,000 after purchasing an additional 1,142 shares during the period. Rothschild Investment LLC boosted its holdings in Verra Mobility by 238.3% in the third quarter. Rothschild Investment LLC now owns 1,167 shares of the company’s stock worth $29,000 after purchasing an additional 822 shares during the period. Salomon & Ludwin LLC boosted its holdings in Verra Mobility by 100.7% in the fourth quarter. Salomon & Ludwin LLC now owns 1,497 shares of the company’s stock worth $34,000 after purchasing an additional 751 shares during the period. Finally, EverSource Wealth Advisors LLC boosted its holdings in Verra Mobility by 439.4% in the second quarter. EverSource Wealth Advisors LLC now owns 1,494 shares of the company’s stock worth $38,000 after purchasing an additional 1,217 shares during the period.
Trending Headlines about Verra Mobility
Here are the key news stories impacting Verra Mobility this week:
- Negative Sentiment: Verra Mobility announced Avis Budget Group is ending its contract in September 2026, a setback that could materially reduce revenue and segment profit next year. Verra Mobility Receives Termination of Agreement Notice From Avis Budget Group
- Negative Sentiment: Multiple law firms announced investigations into whether Verra Mobility and its executives violated federal securities laws, which can add legal overhang and investor concern. Holzer & Holzer Investor Alert
- Negative Sentiment: Additional securities-fraud investigations from Johnson Fistel and Block & Leviton suggest the stock’s decline has attracted more litigation risk after the Avis announcement. Block & Leviton Investigation
- Neutral Sentiment: Verra Mobility saw unusually heavy call-option trading, which may indicate speculation, but does not by itself confirm a fundamental turnaround.
- Neutral Sentiment: Northcoast Research reaffirmed a neutral rating, while JPMorgan reiterated underweight and cut its price target, reinforcing a cautious Street view.
About Verra Mobility
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.
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