Caption Management LLC Buys Shares of 11,000 Verra Mobility Corp $VRRM

Key Points

• Caption Management LLC purchased 11,000 shares of Verra Mobility Corp, valued at approximately $248,000, marking a new position for the institutional investor.
• In the latest quarter, Verra Mobility reported $236.03 million in revenue, beating estimates and showing a year-over-year increase of 6.1%.
• Analysts have mixed ratings for Verra Mobility, with a consensus target price of $27.88 and several upgrades and downgrades impacting the stock's outlook.

Caption Management LLC purchased a new stake in Verra Mobility Corp (NASDAQ:VRRM - Free Report) in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 11,000 shares of the company's stock, valued at approximately $248,000.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the business. Xponance Inc. boosted its holdings in Verra Mobility by 4.9% in the first quarter. Xponance Inc. now owns 12,451 shares of the company's stock valued at $280,000 after purchasing an additional 586 shares during the last quarter. Townsquare Capital LLC grew its position in shares of Verra Mobility by 5.9% in the 1st quarter. Townsquare Capital LLC now owns 12,110 shares of the company's stock worth $273,000 after acquiring an additional 674 shares in the last quarter. HighTower Advisors LLC grew its position in shares of Verra Mobility by 7.9% in the 1st quarter. HighTower Advisors LLC now owns 12,433 shares of the company's stock worth $280,000 after acquiring an additional 911 shares in the last quarter. PNC Financial Services Group Inc. grew its position in shares of Verra Mobility by 18.2% in the 1st quarter. PNC Financial Services Group Inc. now owns 7,542 shares of the company's stock worth $170,000 after acquiring an additional 1,161 shares in the last quarter. Finally, Cetera Investment Advisers grew its position in shares of Verra Mobility by 9.8% in the 4th quarter. Cetera Investment Advisers now owns 13,695 shares of the company's stock worth $331,000 after acquiring an additional 1,218 shares in the last quarter.

Wall Street Analysts Forecast Growth

VRRM has been the subject of several research reports. Wall Street Zen lowered Verra Mobility from a "strong-buy" rating to a "buy" rating in a research report on Saturday, July 26th. Robert W. Baird lifted their target price on Verra Mobility from $28.00 to $30.00 and gave the stock an "outperform" rating in a research report on Thursday, August 21st. One research analyst has rated the stock with a Strong Buy rating, three have given a Buy rating and one has assigned a Hold rating to the company. According to MarketBeat.com, the company currently has a consensus rating of "Buy" and an average target price of $27.88.

Verra Mobility Stock Performance

Shares of NASDAQ VRRM traded down $0.16 during mid-day trading on Friday, hitting $24.86. The company had a trading volume of 678,318 shares, compared to its average volume of 762,788. The stock has a market cap of $3.97 billion, a price-to-earnings ratio of 103.59, a PEG ratio of 2.92 and a beta of 0.80. Verra Mobility Corp has a 12 month low of $19.51 and a 12 month high of $28.25. The company has a debt-to-equity ratio of 2.93, a current ratio of 2.28 and a quick ratio of 2.21. The firm's 50 day simple moving average is $24.84 and its two-hundred day simple moving average is $23.58.

Verra Mobility (NASDAQ:VRRM - Get Free Report) last announced its quarterly earnings results on Wednesday, August 6th. The company reported $0.34 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.33 by $0.01. The business had revenue of $236.03 million for the quarter, compared to the consensus estimate of $232.78 million. Verra Mobility had a return on equity of 55.14% and a net margin of 4.30%.The business's revenue was up 6.1% on a year-over-year basis. During the same quarter last year, the business posted $0.31 EPS. As a group, equities research analysts forecast 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.