Verra Mobility Corp (NASDAQ:VRRM) Receives Average Rating of "Buy" from Analysts

Key Points

• Verra Mobility Corp (NASDAQ:VRRM) has received an average rating of "Buy" from five research firms, with analysts forecasting a 1-year target price of $27.3750.
• The company recently reported earnings of $0.30 per share for the latest quarter, exceeding expectations, and showing a 6.5% increase in revenue year-over-year.
• Insider Jonathan Keyser significantly reduced his position by selling 18,719 shares at an average price of $24.28, representing a 94.07% decrease in his stake.

Shares of Verra Mobility Corp (NASDAQ:VRRM - Get Free Report) have received a consensus recommendation of "Buy" from the five research firms that are presently covering the company, Marketbeat reports. One investment analyst has rated the stock with a hold recommendation, three have assigned a buy recommendation and one has assigned a strong buy recommendation to the company. The average 1 year price objective among brokers that have covered the stock in the last year is $27.3750.

VRRM has been the subject of several research reports. Wall Street Zen cut shares of Verra Mobility from a "strong-buy" rating to a "buy" rating in a research note on Saturday, July 26th. UBS Group reduced their target price on shares of Verra Mobility from $31.50 to $29.50 and set a "buy" rating for the company in a research note on Thursday, May 8th. 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 research report on Thursday, May 8th. Finally, Baird R W raised shares of Verra Mobility from a "hold" rating to a "strong-buy" rating in a research report on Tuesday, April 22nd.

Verra Mobility Stock Performance

VRRM stock traded down $0.58 during mid-day trading on Wednesday, reaching $23.49. 1,252,549 shares of the stock traded hands, compared to its average volume of 992,295. The company has a quick ratio of 2.10, a current ratio of 2.28 and a debt-to-equity ratio of 2.93. The business has a 50-day moving average of $24.73 and a two-hundred day moving average of $23.81. Verra Mobility has a 52 week low of $19.51 and a 52 week high of $29.07. The firm has a market capitalization of $3.75 billion, a PE ratio of 97.88, a P/E/G ratio of 2.31 and a beta of 0.79.

Verra Mobility (NASDAQ:VRRM - Get Free Report) last released its earnings results on Wednesday, August 6th. The company reported $0.34 earnings per share for the quarter, beating the consensus estimate of $0.33 by $0.01. Verra Mobility had a net margin of 4.30% and a return on equity of 55.14%. The business had revenue of $236.03 million during the quarter, compared to analysts' expectations of $232.78 million. During the same quarter last year, the company earned $0.31 earnings per share. The firm's revenue was up 6.1% on a year-over-year basis. As a group, equities analysts predict that Verra Mobility will post 1.08 EPS for the current fiscal year.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in the business. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its holdings in shares of Verra Mobility by 155.8% during the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 5,280,591 shares of the company's stock worth $118,866,000 after buying an additional 3,215,973 shares in the last quarter. Sunriver Management LLC acquired a new stake in shares of Verra Mobility during the fourth quarter worth approximately $33,503,000. Price T Rowe Associates Inc. MD increased its holdings in shares of Verra Mobility by 12.7% during the first quarter. Price T Rowe Associates Inc. MD now owns 10,265,348 shares of the company's stock worth $231,074,000 after buying an additional 1,153,573 shares in the last quarter. Bessemer Group Inc. increased its holdings in shares of Verra Mobility by 60,338.2% during the second quarter. Bessemer Group Inc. now owns 1,130,799 shares of the company's stock worth $28,711,000 after buying an additional 1,128,928 shares in the last quarter. Finally, Westwood Holdings Group Inc. increased its holdings in shares of Verra Mobility by 28.7% during the fourth quarter. Westwood Holdings Group Inc. now owns 4,460,793 shares of the company's stock worth $107,862,000 after buying an additional 994,775 shares in the last quarter.

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.