Verra Mobility Corp (NASDAQ:VRRM) Given Average Rating of "Buy" by Brokerages

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.

Verra Mobility Corp (NASDAQ:VRRM - Get Free Report) has received an average recommendation of "Buy" from the five research firms that are presently covering the company, Marketbeat Ratings reports. One equities research analyst has rated the stock with a hold recommendation, three have assigned a buy recommendation and one has issued a strong buy recommendation on the company. The average 1 year target price among analysts that have issued a report on the stock in the last year is $27.3750.

A number of research firms have commented on VRRM. Wall Street Zen cut shares of Verra Mobility from a "strong-buy" rating to a "buy" rating in a research report 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 report on Thursday, May 8th. Baird R W upgraded shares of Verra Mobility from a "hold" rating to a "strong-buy" rating in a research note on Tuesday, April 22nd. Finally, Robert W. Baird increased their price target on shares of Verra Mobility from $27.00 to $28.00 and gave the company an "outperform" rating in a report on Thursday, May 8th.

Verra Mobility Stock Performance

Shares of VRRM opened at $25.14 on Wednesday. The company has a market cap of $4.01 billion, a PE ratio of 125.70, a price-to-earnings-growth ratio of 2.43 and a beta of 0.79. The firm has a 50-day moving average of $24.71 and a 200-day moving average of $23.83. Verra Mobility has a one year low of $19.51 and a one year high of $29.07. The company has a debt-to-equity ratio of 3.45, a current ratio of 2.19 and a quick ratio of 2.10.

Verra Mobility (NASDAQ:VRRM - Get Free Report) last released its quarterly earnings data on Wednesday, May 7th. The company reported $0.30 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.29 by $0.01. The firm had revenue of $223.25 million for the quarter, compared to analyst estimates of $216.94 million. Verra Mobility had a return on equity of 51.05% and a net margin of 3.88%. The business's revenue for the quarter was up 6.5% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.27 earnings per share. As a group, equities analysts forecast that Verra Mobility will post 1.08 earnings per share for the current year.

Insiders Place Their Bets

In other Verra Mobility news, insider Jonathan Keyser sold 18,719 shares of the firm's stock in a transaction dated Friday, May 9th. The shares were sold at an average price of $24.28, for a total value of $454,497.32. Following the transaction, the insider directly owned 1,179 shares of the company's stock, valued at $28,626.12. This trade represents a 94.07% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 1.05% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the company. GAMMA Investing LLC boosted its holdings in shares of Verra Mobility by 11.6% in the 2nd quarter. GAMMA Investing LLC now owns 4,128 shares of the company's stock valued at $105,000 after purchasing an additional 430 shares in the last quarter. Farther Finance Advisors LLC grew its position in Verra Mobility by 46.6% in the second quarter. Farther Finance Advisors LLC now owns 1,447 shares of the company's stock valued at $37,000 after acquiring an additional 460 shares during the last quarter. Xponance Inc. raised its stake in Verra Mobility by 4.9% during the first quarter. Xponance Inc. now owns 12,451 shares of the company's stock worth $280,000 after acquiring an additional 586 shares in the last quarter. Townsquare Capital LLC lifted its holdings in shares of Verra Mobility by 5.9% in the first quarter. Townsquare Capital LLC now owns 12,110 shares of the company's stock worth $273,000 after acquiring an additional 674 shares during the last quarter. Finally, Exchange Traded Concepts LLC boosted its stake in shares of Verra Mobility by 2.0% in the 2nd quarter. Exchange Traded Concepts LLC now owns 38,004 shares of the company's stock valued at $965,000 after purchasing an additional 728 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.

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