Danske Bank A S Has $40,000 Holdings in Verra Mobility Corp $VRRM

Key Points

• Danske Bank A S sharply reduced its Verra Mobility stake by 98.5% in the fourth quarter, leaving it with 1,800 shares valued at about $40,000.
• Verra Mobility reported Q1 earnings of $0.25 per share, matching expectations, while revenue came in at $223.57 million, slightly above estimates.
• Analyst sentiment is mixed: the stock has a consensus rating of Hold with an average price target of $21.40, though recent targets range from $15 to $22.

Danske Bank A S cut its position in shares of Verra Mobility Corp (NASDAQ:VRRM - Free Report) by 98.5% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 1,800 shares of the company's stock after selling 122,118 shares during the quarter. Danske Bank A S's holdings in Verra Mobility were worth $40,000 at the end of the most recent quarter.

Several other institutional investors have also made changes to their positions in the company. Rothschild Investment LLC lifted its position in shares of Verra Mobility by 238.3% in the 3rd quarter. Rothschild Investment LLC now owns 1,167 shares of the company's stock valued at $29,000 after acquiring an additional 822 shares in the last quarter. EverSource Wealth Advisors LLC raised its stake in 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 purchasing an additional 1,217 shares during the period. Salomon & Ludwin LLC raised its stake in 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 purchasing an additional 751 shares during the period. Neo Ivy Capital Management purchased a new stake in shares of Verra Mobility in the third quarter valued at $60,000. Finally, Osaic Holdings Inc. lifted its holdings in shares of Verra Mobility by 285.8% in the second quarter. Osaic Holdings Inc. now owns 3,044 shares of the company's stock valued at $72,000 after purchasing an additional 2,255 shares in the last quarter.

Verra Mobility Stock Performance

Shares of VRRM stock opened at $14.30 on Friday. Verra Mobility Corp has a fifty-two week low of $13.02 and a fifty-two week high of $25.83. The stock's 50-day moving average is $15.11 and its two-hundred day moving average is $19.33. The company has a debt-to-equity ratio of 3.76, a current ratio of 1.89 and a quick ratio of 2.00. The firm has a market cap of $2.16 billion, a P/E ratio of 17.44, a PEG ratio of 2.38 and a beta of 0.67.

Verra Mobility (NASDAQ:VRRM - Get Free Report) last announced its quarterly earnings results on Wednesday, May 6th. The company reported $0.25 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.25. The business had revenue of $223.57 million during the quarter, compared to analyst estimates of $223.34 million. Verra Mobility had a return on equity of 55.59% and a net margin of 13.38%.The firm's revenue was up .1% on a year-over-year basis. During the same period in the previous year, the company earned $0.30 EPS. Verra Mobility has set its FY 2026 guidance at 1.320-1.380 EPS. Analysts predict that Verra Mobility Corp will post 1.23 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of research analysts have recently weighed in on VRRM shares. Wall Street Zen downgraded Verra Mobility from a "buy" rating to a "hold" rating in a report on Saturday. Morgan Stanley set a $15.00 price objective on Verra Mobility in a research note on Thursday. JPMorgan Chase & Co. decreased their price objective on Verra Mobility from $21.00 to $19.00 and set a "neutral" rating for the company in a research report on Thursday, March 26th. Deutsche Bank Aktiengesellschaft reaffirmed a "buy" rating and set a $22.00 target price on shares of Verra Mobility in a research note on Thursday. Finally, Robert W. Baird set a $20.00 price target on shares of Verra Mobility in a research report on Friday. Three investment analysts have rated the stock with a Buy rating, two have given a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of "Hold" and an average price target of $21.40.

Verra Mobility Profile

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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