Verra Mobility Corp (VRRM) - What Are Brokerages Saying About This Stock?

Key Points

• Analyst sentiment is cautious: Ten research firms give Verra Mobility an average “Reduce” rating, with one sell and nine hold ratings. The average 12-month price target is $6.83.
• Shares have fallen sharply: VRRM opened at $3.34, compared with a 200-day moving average of $9.69 and a 52-week range of $2.62 to $25.45. The company also carries a high debt-to-equity ratio of 4.58.
• Recent results exceeded expectations: Verra Mobility reported quarterly EPS of $0.38 versus the $0.33 consensus and revenue of $263.59 million, up 11.7% year over year. Several institutional investors increased their holdings during the first quarter.

Shares of Verra Mobility Corp (NASDAQ:VRRM - Get Free Report) have received an average recommendation of "Reduce" from the ten research firms that are covering the firm, Marketbeat reports. One research analyst has rated the stock with a sell rating and nine have issued a hold rating on the company. The average twelve-month price objective among analysts that have covered the stock in the last year is $6.83.

A number of equities analysts have recently issued reports on the company. Zacks Research raised Verra Mobility from a "strong sell" rating to a "hold" rating in a research report on Thursday, August 13th. Weiss Ratings reissued a "sell (d)" rating on shares of Verra Mobility in a research report on Monday, September 14th. UBS Group boosted their target price on Verra Mobility from $4.00 to $6.00 and gave the stock a "neutral" rating in a research note on Friday, August 7th. JPMorgan Chase & Co. dropped their target price on Verra Mobility from $6.00 to $5.00 and set a "neutral" rating on the stock in a research note on Tuesday, October 13th. Finally, Morgan Stanley set a $5.00 target price on Verra Mobility in a research report on Thursday, August 6th.

Verra Mobility Price Performance

Shares of VRRM stock opened at $3.34 on Friday. The stock's 50-day moving average is $3.47 and its 200 day moving average is $9.69. Verra Mobility has a 1-year low of $2.62 and a 1-year high of $25.45. The company has a debt-to-equity ratio of 4.58, a current ratio of 2.06 and a quick ratio of 1.96. The company has a market cap of $507.61 million, a P/E ratio of 12.85 and a beta of 0.42.

Verra Mobility (NASDAQ:VRRM - Get Free Report) last announced its earnings results on Wednesday, August 5th. The company reported $0.38 EPS for the quarter, topping analysts' consensus estimates of $0.33 by $0.05. The business had revenue of $263.59 million during 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 revenue was up 11.7% on a year-over-year basis. During the same period in the previous year, the company posted $0.34 earnings per share. Research analysts predict that Verra Mobility will post 1.10 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Verra Mobility

A number of large investors have recently modified their holdings of the business. Bank of America Corp DE grew its position in Verra Mobility by 34.4% during the 1st quarter. Bank of America Corp DE now owns 1,576,119 shares of the company's stock worth $22,523,000 after purchasing an additional 403,638 shares during the last quarter. Sei Investments Co. raised its holdings in shares of Verra Mobility by 10.6% in the first quarter. Sei Investments Co. now owns 1,213,838 shares of the company's stock worth $17,346,000 after buying an additional 115,968 shares during the last quarter. Punch & Associates Investment Management Inc. raised its holdings in shares of Verra Mobility by 1.7% in the first quarter. Punch & Associates Investment Management Inc. now owns 1,147,170 shares of the company's stock worth $16,393,000 after buying an additional 19,610 shares during the last quarter. Arrowstreet Capital Limited Partnership raised its holdings in shares of Verra Mobility by 206.3% in the first quarter. Arrowstreet Capital Limited Partnership now owns 935,021 shares of the company's stock worth $13,361,000 after buying an additional 629,754 shares during the last quarter. Finally, Edgestream Partners L.P. lifted its stake in shares of Verra Mobility by 41.5% during the first quarter. Edgestream Partners L.P. now owns 818,595 shares of the company's stock worth $11,698,000 after buying an additional 240,163 shares during the period.

Verra Mobility Company Profile

Verra Mobility Corporation NASDAQ: VRRM provides smart mobility technology and services designed to improve transportation safety, efficiency and compliance. The company develops cloud-based solutions that help government agencies, commercial fleets and mobility providers manage transportation-related processes and data.

Its government solutions include automated safety enforcement programs for red-light, speed, school-zone and bus-lane violations, as well as technology supporting school bus safety initiatives.

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