Tidal Investments LLC acquired a new stake in Verra Mobility Co. (NASDAQ:VRRM - Free Report) during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor acquired 486,164 shares of the company's stock, valued at approximately $11,755,000. Tidal Investments LLC owned about 0.30% of Verra Mobility at the end of the most recent quarter.
Other institutional investors have also bought and sold shares of the company. Smartleaf Asset Management LLC lifted its position in shares of Verra Mobility by 245.1% during the fourth quarter. Smartleaf Asset Management LLC now owns 2,309 shares of the company's stock worth $56,000 after acquiring an additional 1,640 shares in the last quarter. Avanza Fonder AB purchased a new stake in shares of Verra Mobility during the fourth quarter worth $74,000. Aster Capital Management DIFC Ltd lifted its position in shares of Verra Mobility by 585.1% during the fourth quarter. Aster Capital Management DIFC Ltd now owns 4,720 shares of the company's stock worth $114,000 after acquiring an additional 4,031 shares in the last quarter. Arcadia Investment Management Corp MI purchased a new stake in shares of Verra Mobility during the fourth quarter worth $129,000. Finally, PNC Financial Services Group Inc. lifted its position in shares of Verra Mobility by 6.8% during the fourth quarter. PNC Financial Services Group Inc. now owns 6,381 shares of the company's stock worth $154,000 after acquiring an additional 409 shares in the last quarter.
Insider Activity at Verra Mobility
In other news, insider Jonathan Keyser sold 18,719 shares of the firm's stock in a transaction dated Friday, May 9th. The stock was sold at an average price of $24.28, for a total transaction of $454,497.32. Following the transaction, the insider now directly owns 1,179 shares of the company's stock, valued at approximately $28,626.12. This trade represents a 94.07% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 1.05% of the stock is owned by insiders.
Wall Street Analyst Weigh In
Several equities research analysts have issued reports on the company. UBS Group dropped their target price on Verra Mobility from $31.50 to $29.50 and set a "buy" rating on the stock in a research report on Thursday, May 8th. Morgan Stanley dropped their target price on Verra Mobility from $25.00 to $23.00 and set an "equal weight" rating on the stock in a research report on Thursday, March 27th. Baird R W upgraded Verra Mobility from a "hold" rating to a "strong-buy" rating in a research report on Tuesday, April 22nd. Finally, Robert W. Baird increased their target price on Verra Mobility from $27.00 to $28.00 and gave the stock an "outperform" rating in a research report on Thursday, May 8th. One investment analyst has rated the stock with a hold rating, three have given a buy rating and one has given a strong buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of "Buy" and an average price target of $27.38.
View Our Latest Report on VRRM
Verra Mobility Price Performance
Shares of VRRM stock traded down $0.30 on Friday, reaching $23.46. The company's stock had a trading volume of 627,648 shares, compared to its average volume of 1,184,619. 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 12-month low of $19.51 and a 12-month high of $31.03. The company has a market capitalization of $3.74 billion, a P/E ratio of 39.10, a PEG ratio of 2.18 and a beta of 0.80. The stock's 50 day simple moving average is $22.28 and its 200-day simple moving average is $23.55.
Verra Mobility (NASDAQ:VRRM - Get Free Report) last issued its quarterly earnings data on Wednesday, May 7th. The company reported $0.30 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.29 by $0.01. The company had revenue of $223.25 million for the quarter, compared to the consensus estimate of $216.94 million. Verra Mobility had a return on equity of 38.97% and a net margin of 11.64%. The firm's revenue was up 6.5% compared to the same quarter last year. During the same quarter last year, the business posted $0.27 earnings per share. As a group, equities analysts predict that Verra Mobility Co. will post 1.08 earnings per share for the current fiscal year.
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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