Verra Mobility Corp (NASDAQ:VRRM) Receives Consensus Recommendation of “Reduce” from Brokerages

Verra Mobility Corp (NASDAQ:VRRM) has been given an average recommendation of “Reduce” by the ten analysts that are presently covering the company, MarketBeat reports. Three investment analysts have rated the stock with a sell recommendation and seven have assigned a hold recommendation to the company. The average 1-year target price among brokers that have issued ratings on the stock in the last year is $6.8333.

A number of analysts recently weighed in on VRRM shares. Weiss Ratings lowered shares of Verra Mobility from a “sell (d+)” rating to a “sell (d)” rating in a report on Wednesday, June 17th. William Blair downgraded shares of Verra Mobility from an “outperform” rating to a “market perform” rating in a report on Wednesday, May 27th. Zacks Research downgraded shares of Verra Mobility from a “hold” rating to a “strong sell” rating in a report on Monday, June 1st. Wall Street Zen lowered shares of Verra Mobility from a “buy” rating to a “hold” rating in a research report on Saturday, May 9th. Finally, Morgan Stanley set a $4.00 price target on shares of Verra Mobility in a report on Wednesday, May 27th.

Verra Mobility Price Performance

Shares of NASDAQ VRRM opened at $4.30 on Friday. The company has a quick ratio of 1.77, a current ratio of 1.89 and a debt-to-equity ratio of 3.76. The company has a market cap of $653.21 million, a P/E ratio of 5.24 and a beta of 0.43. Verra Mobility has a 52 week low of $3.40 and a 52 week high of $25.73. The business has a 50-day simple moving average of $8.65 and a two-hundred day simple moving average of $14.97.

Verra Mobility (NASDAQ:VRRM) last announced its quarterly earnings results on Wednesday, May 6th. The company reported $0.25 earnings per share for the quarter, meeting the consensus estimate of $0.25. Verra Mobility had a return on equity of 55.59% and a net margin of 13.38%.The firm had revenue of $223.57 million for the quarter, compared to analysts’ expectations of $223.34 million. During the same period in the prior year, the business posted $0.30 earnings per share. The company’s revenue was up .1% on a year-over-year basis. Verra Mobility has set its FY 2026 guidance at 1.320-1.380 EPS. Research analysts anticipate that Verra Mobility will post 1.08 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Verra Mobility

A number of institutional investors have recently added to or reduced their stakes in VRRM. Norges Bank purchased a new stake in shares of Verra Mobility in the 4th quarter valued at about $68,608,000. River Road Asset Management LLC grew its holdings in shares of Verra Mobility by 441.6% during the fourth quarter. River Road Asset Management LLC now owns 2,984,760 shares of the company’s stock worth $66,888,000 after purchasing an additional 2,433,610 shares in the last quarter. Morgan Stanley grew its holdings in shares of Verra Mobility by 44.8% during the fourth quarter. Morgan Stanley now owns 4,194,005 shares of the company’s stock worth $93,988,000 after purchasing an additional 1,296,602 shares in the last quarter. Goldman Sachs Group Inc. grew its holdings in shares of Verra Mobility by 71.8% during the fourth quarter. Goldman Sachs Group Inc. now owns 2,924,781 shares of the company’s stock worth $65,544,000 after purchasing an additional 1,222,116 shares in the last quarter. Finally, William Blair Investment Management LLC increased its position in shares of Verra Mobility by 34.7% in the third quarter. William Blair Investment Management LLC now owns 3,479,448 shares of the company’s stock worth $85,942,000 after purchasing an additional 896,564 shares during the last quarter.

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.