Verra Mobility Co. (NASDAQ:VRRM) Insider Sells $454,497.32 in Stock

Verra Mobility Co. (NASDAQ:VRRM - Get Free Report) insider Jonathan Keyser sold 18,719 shares of the business'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 transaction of $454,497.32. Following the sale, the insider now owns 1,179 shares of the company's stock, valued at $28,626.12. This represents a 94.07% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink.

Verra Mobility Trading Up 1.4%

VRRM traded up $0.33 during trading on Thursday, hitting $23.78. 304,374 shares of the company's stock were exchanged, compared to its average volume of 1,176,488. The company has a current ratio of 2.61, a quick ratio of 2.52 and a debt-to-equity ratio of 2.13. Verra Mobility Co. has a 1 year low of $19.51 and a 1 year high of $31.03. The stock has a 50 day moving average price of $21.78 and a 200 day moving average price of $23.60. The firm has a market cap of $3.79 billion, a P/E ratio of 39.59, a price-to-earnings-growth ratio of 2.18 and a beta of 0.80.

Verra Mobility (NASDAQ:VRRM - Get Free Report) last announced its earnings results on Wednesday, May 7th. The company reported $0.30 earnings per share for the quarter, beating the consensus estimate of $0.29 by $0.01. Verra Mobility had a net margin of 11.64% and a return on equity of 38.97%. The business had revenue of $223.25 million during the quarter, compared to the consensus estimate of $216.94 million. During the same period in the prior year, the firm earned $0.27 earnings per share. The business's quarterly revenue was up 6.5% compared to the same quarter last year. As a group, analysts expect that Verra Mobility Co. will post 1.08 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

VRRM has been the subject of several analyst reports. Robert W. Baird increased their price target on shares of Verra Mobility from $27.00 to $28.00 and gave the stock an "outperform" rating in a report on Thursday, May 8th. Morgan Stanley cut their price target on shares of Verra Mobility from $25.00 to $23.00 and set an "equal weight" rating for the company in a report on Thursday, March 27th. Baird R W raised shares of Verra Mobility from a "hold" rating to a "strong-buy" rating in a report on Tuesday, April 22nd. Finally, UBS Group cut their price target on shares of Verra Mobility from $31.50 to $29.50 and set a "buy" rating for the company in a report on Thursday, May 8th. One analyst has rated the stock with a hold rating, three have issued a buy rating and one has issued a strong buy rating to the company's stock. Based on data from MarketBeat.com, Verra Mobility presently has a consensus rating of "Buy" and a consensus target price of $27.38.

Institutional Trading of Verra Mobility

A number of institutional investors and hedge funds have recently modified their holdings of the business. Caitong International Asset Management Co. Ltd increased its holdings in shares of Verra Mobility by 13,638.5% in the 1st quarter. Caitong International Asset Management Co. Ltd now owns 1,786 shares of the company's stock worth $40,000 after acquiring an additional 1,773 shares during the period. Smartleaf Asset Management LLC increased its holdings in shares of Verra Mobility by 245.1% in the 4th 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 during the period. Avanza Fonder AB bought a new position in Verra Mobility in the 4th quarter valued at about $74,000. Aster Capital Management DIFC Ltd grew its position in Verra Mobility by 585.1% in the 4th quarter. Aster Capital Management DIFC Ltd now owns 4,720 shares of the company's stock valued at $114,000 after buying an additional 4,031 shares in the last quarter. Finally, Arcadia Investment Management Corp MI bought a new position in Verra Mobility in the 4th quarter valued at about $129,000.

About Verra Mobility

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.