GAMMA Investing LLC lifted its stake in shares of Verra Mobility Co. (NASDAQ:VRRM - Free Report) by 2,258.8% in the 1st quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 83,242 shares of the company's stock after acquiring an additional 79,713 shares during the quarter. GAMMA Investing LLC owned about 0.05% of Verra Mobility worth $1,874,000 as of its most recent filing with the SEC.
Other large investors also recently made changes to their positions in the company. Smartleaf Asset Management LLC boosted its stake in Verra Mobility by 245.1% during the 4th quarter. Smartleaf Asset Management LLC now owns 2,309 shares of the company's stock valued at $56,000 after purchasing an additional 1,640 shares during the period. Aster Capital Management DIFC Ltd boosted its stake in Verra Mobility by 585.1% during the 4th quarter. Aster Capital Management DIFC Ltd now owns 4,720 shares of the company's stock valued at $114,000 after purchasing an additional 4,031 shares during the period. Arcadia Investment Management Corp MI bought a new stake in Verra Mobility during the 4th quarter valued at approximately $129,000. PNC Financial Services Group Inc. boosted its stake in Verra Mobility by 6.8% during the 4th quarter. PNC Financial Services Group Inc. now owns 6,381 shares of the company's stock valued at $154,000 after purchasing an additional 409 shares during the period. Finally, BankPlus Trust Department bought a new stake in Verra Mobility during the 4th quarter valued at approximately $184,000.
Verra Mobility Stock Performance
Shares of VRRM stock traded down $0.44 during mid-day trading on Friday, reaching $23.94. The stock had a trading volume of 1,015,302 shares, compared to its average volume of 1,174,196. The firm's 50 day simple moving average is $23.02 and its 200 day simple moving average is $23.62. The company has a quick ratio of 2.52, a current ratio of 2.61 and a debt-to-equity ratio of 2.13. Verra Mobility Co. has a one year low of $19.51 and a one year high of $31.03. The firm has a market cap of $3.82 billion, a PE ratio of 39.90, a P/E/G ratio of 2.18 and a beta of 0.76.
Verra Mobility (NASDAQ:VRRM - Get Free Report) last announced its quarterly earnings data on Wednesday, May 7th. The company reported $0.30 EPS for the quarter, topping analysts' consensus estimates of $0.29 by $0.01. Verra Mobility had a return on equity of 38.97% and a net margin of 11.64%. The company had revenue of $223.25 million during the quarter, compared to the consensus estimate of $216.94 million. During the same quarter last year, the company earned $0.27 EPS. The company's quarterly revenue was up 6.5% on a year-over-year basis. On average, analysts forecast that Verra Mobility Co. will post 1.08 EPS for the current year.
Wall Street Analysts Forecast Growth
VRRM has been the subject of several recent analyst reports. Morgan Stanley decreased their target price on Verra Mobility from $25.00 to $23.00 and set an "equal weight" rating for the company in a research note on Thursday, March 27th. Robert W. Baird increased their target price on Verra Mobility from $27.00 to $28.00 and gave the company an "outperform" rating in a research note on Thursday, May 8th. Baird R W upgraded Verra Mobility from a "hold" rating to a "strong-buy" rating in a research note on Tuesday, April 22nd. Finally, UBS Group decreased their target price on Verra Mobility from $31.50 to $29.50 and set a "buy" rating for the company in a research note on Thursday, May 8th. One analyst has rated the stock with a hold rating, three have given a buy rating and one has issued a strong buy rating to the company's stock. According to data from MarketBeat, the company presently has a consensus rating of "Buy" and an average price target of $27.38.
Read Our Latest Stock Analysis on VRRM
Insiders Place Their Bets
In other Verra Mobility news, insider Jonathan Keyser sold 18,719 shares of the firm's stock in a transaction that occurred on Friday, May 9th. The stock was sold at an average price of $24.28, for a total value of $454,497.32. Following the completion of the sale, the insider now owns 1,179 shares in the company, valued at approximately $28,626.12. This trade represents a 94.07% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Corporate insiders own 1.05% of the company's stock.
Verra Mobility Profile
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Free Report)
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.
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