Comerica Bank Acquires 79,887 Shares of Verra Mobility Corp $VRRM

Comerica Bank grew its holdings in shares of Verra Mobility Corp (NASDAQ:VRRM - Free Report) by 134.3% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 139,349 shares of the company's stock after buying an additional 79,887 shares during the period. Comerica Bank owned 0.09% of Verra Mobility worth $3,123,000 as of its most recent SEC filing.

Other hedge funds have also recently modified their holdings of the company. Rothschild Investment LLC boosted its holdings in shares of Verra Mobility by 238.3% during the 3rd quarter. Rothschild Investment LLC now owns 1,167 shares of the company's stock valued at $29,000 after buying an additional 822 shares in the last quarter. EverSource Wealth Advisors LLC boosted its holdings in shares of Verra Mobility by 439.4% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 1,494 shares of the company's stock valued at $38,000 after buying an additional 1,217 shares in the last quarter. Salomon & Ludwin LLC boosted its holdings in shares of Verra Mobility by 100.7% during the 4th quarter. Salomon & Ludwin LLC now owns 1,497 shares of the company's stock valued at $34,000 after buying an additional 751 shares in the last quarter. Neo Ivy Capital Management bought a new stake in shares of Verra Mobility during the 3rd quarter valued at $60,000. Finally, Osaic Holdings Inc. boosted its holdings in shares of Verra Mobility by 285.8% during the 2nd quarter. Osaic Holdings Inc. now owns 3,044 shares of the company's stock valued at $72,000 after buying an additional 2,255 shares in the last quarter.

Verra Mobility Price Performance

VRRM opened at $14.89 on Monday. The stock has a 50-day moving average price of $15.36 and a 200-day moving average price of $19.54. The company has a debt-to-equity ratio of 3.49, a current ratio of 2.10 and a quick ratio of 2.00. The firm has a market cap of $2.25 billion, a PE ratio of 17.52, a P/E/G ratio of 2.43 and a beta of 0.67. Verra Mobility Corp has a 1 year low of $13.84 and a 1 year high of $25.83.

Verra Mobility (NASDAQ:VRRM - Get Free Report) last posted its quarterly earnings results on Tuesday, February 24th. The company reported $0.30 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.32 by ($0.02). The company had revenue of $257.86 million during the quarter, compared to analysts' expectations of $241.17 million. Verra Mobility had a return on equity of 57.45% and a net margin of 13.95%.Verra Mobility's revenue for the quarter was up 16.4% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.33 EPS. Verra Mobility has set its FY 2026 guidance at 1.320-1.380 EPS. Sell-side analysts predict that Verra Mobility Corp will post 1.23 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of analysts have recently commented on VRRM shares. JPMorgan Chase & Co. dropped their target price on shares of Verra Mobility from $21.00 to $19.00 and set a "neutral" rating on the stock in a report on Thursday, March 26th. Morgan Stanley lowered their price target on Verra Mobility from $24.00 to $20.00 and set an "equal weight" rating for the company in a research report on Wednesday, February 25th. Robert W. Baird set a $24.00 price target on Verra Mobility in a research report on Wednesday, February 25th. Finally, Wall Street Zen raised Verra Mobility from a "hold" rating to a "buy" rating in a research report on Monday, April 27th. Two research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company's stock. According to data from MarketBeat, the stock has a consensus rating of "Hold" and an average target price of $23.50.

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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