Verra Mobility Corp (NASDAQ:VRRM) Receives Average Rating of “Reduce” from Analysts

Verra Mobility Corp (NASDAQ:VRRM) has received a consensus recommendation of “Reduce” from the ten brokerages that are presently covering the stock, MarketBeat.com reports. One investment analyst has rated the stock with a sell recommendation and nine have given a hold recommendation to the company. The average 12-month target price among brokers that have issued a report on the stock in the last year is $7.00.

VRRM has been the subject of several recent analyst reports. Northcoast Research reaffirmed a “neutral” rating on shares of Verra Mobility in a research report on Wednesday, May 27th. CJS Securities downgraded Verra Mobility from a “market outperform” rating to a “market perform” rating and set a $10.00 price objective for the company. in a research note on Wednesday, May 27th. Weiss Ratings cut Verra Mobility from a “sell (d+)” rating to a “sell (d)” rating in a research note on Wednesday, June 17th. Robert W. Baird dropped their target price on Verra Mobility from $8.00 to $6.00 and set a “neutral” rating on the stock in a report on Tuesday, June 2nd. Finally, William Blair lowered shares of Verra Mobility from an “outperform” rating to a “market perform” rating in a research report on Wednesday, May 27th.

Verra Mobility Price Performance

NASDAQ VRRM opened at $3.63 on Thursday. The company has a current ratio of 2.06, a quick ratio of 1.96 and a debt-to-equity ratio of 4.58. Verra Mobility has a 1 year low of $3.40 and a 1 year high of $25.45. The company has a market cap of $551.69 million, a PE ratio of 13.96 and a beta of 0.38. The stock’s 50-day moving average price is $4.43 and its two-hundred day moving average price is $9.01.

Verra Mobility (NASDAQ:VRRM) last released its earnings results on Wednesday, August 5th. The company reported $0.38 earnings per share for the quarter, topping the consensus estimate of $0.33 by $0.05. The business had revenue of $263.59 million for the quarter, compared to the consensus estimate of $254.81 million. Verra Mobility had a net margin of 4.40% and a return on equity of 64.39%. The firm’s quarterly revenue was up 11.7% compared to the same quarter last year. During the same period last year, the firm posted $0.34 earnings per share. On average, analysts predict that Verra Mobility will post 1.11 EPS for the current year.

Institutional Investors Weigh In On Verra Mobility

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Sequoia Financial Advisors LLC purchased a new position in Verra Mobility in the second quarter valued at about $65,000. Tidal Investments LLC raised its stake in shares of Verra Mobility by 57.9% during the 2nd quarter. Tidal Investments LLC now owns 19,303 shares of the company’s stock worth $82,000 after purchasing an additional 7,082 shares in the last quarter. Squarepoint Ops LLC raised its stake in shares of Verra Mobility by 298.2% during the 2nd quarter. Squarepoint Ops LLC now owns 52,680 shares of the company’s stock worth $224,000 after purchasing an additional 39,449 shares in the last quarter. VIRGINIA RETIREMENT SYSTEMS ET Al bought a new stake in shares of Verra Mobility in the 2nd quarter valued at approximately $136,000. Finally, California State Teachers Retirement System increased its holdings in Verra Mobility by 285.3% in the second quarter. California State Teachers Retirement System now owns 740,452 shares of the company’s stock worth $3,147,000 after buying an additional 548,284 shares during the last quarter.

About Verra Mobility

Verra Mobility Corp. (NASDAQ:VRRM) is a technology company that provides smart mobility and transportation safety solutions to government agencies, commercial fleets, rental car companies and parking operators. Its platform is designed to help organizations manage vehicles, roadways, parking operations and transportation-related compliance.

Through its Government Solutions business, Verra Mobility provides automated traffic-enforcement systems and related services, including red-light, speed and school-zone enforcement, school-bus stop-arm safety programs, toll and violation processing, and other camera-based roadway safety technologies.