Swedbank AB Sells 642,000 Shares of Verra Mobility Corp $VRRM

Key Points

• Swedbank AB sharply reduced its Verra Mobility stake in the fourth quarter, selling 642,000 shares and cutting its position by 88.7% to 81,400 shares valued at about $1.82 million.
• Wall Street sentiment remains cautious, with analysts issuing mostly hold/underweight views and a consensus rating of “Reduce”; several firms also slashed price targets, now averaging $11.67.
• Verra Mobility stock has fallen sharply, opening at $3.85 and trading near its 52-week low, while the company faces added pressure from the Avis Budget contract termination notice and multiple securities investigations.

Swedbank AB lowered its stake in Verra Mobility Corp (NASDAQ:VRRM - Free Report) by 88.7% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 81,400 shares of the company's stock after selling 642,000 shares during the period. Swedbank AB owned approximately 0.05% of Verra Mobility worth $1,824,000 as of its most recent filing with the SEC.

Other hedge funds also recently modified their holdings of the company. SG Americas Securities LLC increased its position in shares of Verra Mobility by 144.4% in the fourth quarter. SG Americas Securities LLC now owns 269,649 shares of the company's stock worth $6,043,000 after purchasing an additional 159,331 shares during the period. Sunriver Management LLC increased its position in shares of Verra Mobility by 10.7% in the third quarter. Sunriver Management LLC now owns 2,284,774 shares of the company's stock worth $56,434,000 after purchasing an additional 219,976 shares during the period. Comerica Bank increased its position in shares of Verra Mobility by 134.3% in the fourth quarter. Comerica Bank now owns 139,349 shares of the company's stock worth $3,123,000 after purchasing an additional 79,887 shares during the period. Thornburg Investment Management Inc. bought a new position in shares of Verra Mobility in the 3rd quarter valued at $7,597,000. Finally, William Blair Investment Management LLC increased its stake in shares of Verra Mobility by 34.7% in the 3rd quarter. William Blair Investment Management LLC now owns 3,479,448 shares of the company's stock valued at $85,942,000 after purchasing an additional 896,564 shares during the last quarter.

Wall Street Analysts Forecast Growth

Several equities analysts have recently issued reports on the company. Deutsche Bank Aktiengesellschaft reiterated a "hold" rating and issued a $9.00 price target (down from $22.00) on shares of Verra Mobility in a research note on Wednesday. CJS Securities lowered Verra Mobility from a "market outperform" rating to a "market perform" rating and set a $10.00 price target on the stock. in a research note on Wednesday. JPMorgan Chase & Co. reiterated an "underweight" rating and issued a $8.00 price target (down from $17.00) on shares of Verra Mobility in a research note on Wednesday. Robert W. Baird reiterated a "neutral" rating and issued a $8.00 price target (down from $20.00) on shares of Verra Mobility in a research note on Wednesday. Finally, Morgan Stanley set a $4.00 price target on Verra Mobility in a research note on Wednesday. One research analyst has rated the stock with a Buy rating, six have issued a Hold rating and two have assigned a Sell rating to the company. Based on data from MarketBeat.com, Verra Mobility presently has a consensus rating of "Reduce" and a consensus target price of $11.67.

Verra Mobility Trading Down 70.6%

Shares of VRRM stock opened at $3.85 on Thursday. The firm has a market capitalization of $584.85 million, a P/E ratio of 4.70, a P/E/G ratio of 2.64 and a beta of 0.67. Verra Mobility Corp has a twelve month low of $3.40 and a twelve month high of $25.83. The company has a quick ratio of 1.77, a current ratio of 1.89 and a debt-to-equity ratio of 3.76. The stock's fifty day simple moving average is $14.16 and its 200 day simple moving average is $18.25.

Verra Mobility (NASDAQ:VRRM - Get Free Report) last issued its quarterly earnings data on Wednesday, May 6th. The company reported $0.25 earnings per share for the quarter, hitting analysts' consensus estimates of $0.25. The business had revenue of $223.57 million for 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%.Verra Mobility's quarterly revenue was up .1% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.30 EPS. Verra Mobility has set its FY 2026 guidance at 1.320-1.380 EPS. As a group, sell-side analysts predict that Verra Mobility Corp will post 1.22 EPS for the current fiscal year.

Key Stories Impacting Verra Mobility

Here are the key news stories impacting Verra Mobility this week:

• Negative Sentiment: Verra Mobility announced Avis Budget Group is ending its contract in September 2026, a setback that could materially reduce revenue and segment profit next year. Verra Mobility Receives Termination of Agreement Notice From Avis Budget Group
• Negative Sentiment: Multiple law firms announced investigations into whether Verra Mobility and its executives violated federal securities laws, which can add legal overhang and investor concern. Holzer & Holzer Investor Alert
• Negative Sentiment: Additional securities-fraud investigations from Johnson Fistel and Block & Leviton suggest the stock’s decline has attracted more litigation risk after the Avis announcement. Block & Leviton Investigation
• Neutral Sentiment: Verra Mobility saw unusually heavy call-option trading, which may indicate speculation, but does not by itself confirm a fundamental turnaround.
• Neutral Sentiment: Northcoast Research reaffirmed a neutral rating, while JPMorgan reiterated underweight and cut its price target, reinforcing a cautious Street view.

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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