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

Key Points

• Verra Mobility Corp (NASDAQ:VRRM) has a consensus rating of "Buy" from five brokerages, with an average 1-year target price of $27.87.
• Analysts expect Verra Mobility to achieve an EPS of 1.08 for the current fiscal year, following a recent quarterly report showing $0.34 EPS.
• Several hedge funds have increased their positions in Verra Mobility, with Price T Rowe Associates raising their stake by 12.7%, indicating growing institutional confidence in the company.

Shares of Verra Mobility Corp (NASDAQ:VRRM - Get Free Report) have earned a consensus recommendation of "Buy" from the five analysts that are covering the company, Marketbeat Ratings reports. One investment analyst has rated the stock with a hold rating, three have issued a buy rating and one has issued a strong buy rating on the company. The average 1-year target price among brokers that have issued a report on the stock in the last year is $27.8750.

Several equities analysts have recently issued reports on the company. Robert W. Baird upped their price target on Verra Mobility from $28.00 to $30.00 and gave the company an "outperform" rating in a research note on Thursday, August 21st. UBS Group lowered their price target on Verra Mobility from $31.50 to $29.50 and set a "buy" rating for the company in a report on Thursday, May 8th. Finally, Wall Street Zen downgraded Verra Mobility from a "strong-buy" rating to a "buy" rating in a report on Saturday, July 26th.

Verra Mobility Trading Down 0.6%

Shares of VRRM traded down $0.16 during trading hours on Friday, hitting $24.59. 189,457 shares of the stock traded hands, compared to its average volume of 1,099,225. The company has a current ratio of 2.28, a quick ratio of 2.21 and a debt-to-equity ratio of 2.93. Verra Mobility has a 1-year low of $19.51 and a 1-year high of $28.25. The firm has a market capitalization of $3.92 billion, a PE ratio of 102.44, a price-to-earnings-growth ratio of 2.90 and a beta of 0.80. The business has a fifty day moving average of $24.87 and a 200-day moving average of $23.60.

Verra Mobility (NASDAQ:VRRM - Get Free Report) last issued its quarterly earnings results on Wednesday, August 6th. The company reported $0.34 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.33 by $0.01. Verra Mobility had a return on equity of 55.14% and a net margin of 4.30%.The business had revenue of $236.03 million for the quarter, compared to analyst estimates of $232.78 million. During the same quarter in the prior year, the firm posted $0.31 earnings per share. The firm's revenue for the quarter was up 6.1% compared to the same quarter last year. Analysts expect that Verra Mobility will post 1.08 EPS for the current year.

Institutional Inflows and Outflows

Hedge funds have recently modified their holdings of the company. Farther Finance Advisors LLC grew its holdings in shares of Verra Mobility by 46.6% during the second quarter. Farther Finance Advisors LLC now owns 1,447 shares of the company's stock worth $37,000 after buying an additional 460 shares in the last quarter. CWM LLC grew its holdings in shares of Verra Mobility by 112.2% during the second quarter. CWM LLC now owns 1,509 shares of the company's stock worth $38,000 after buying an additional 798 shares in the last quarter. EverSource Wealth Advisors LLC grew its holdings in shares of Verra Mobility by 439.4% during the second quarter. EverSource Wealth Advisors LLC now owns 1,494 shares of the company's stock worth $38,000 after buying an additional 1,217 shares in the last quarter. Caitong International Asset Management Co. Ltd grew its holdings in shares of Verra Mobility by 13,638.5% during the first quarter. Caitong International Asset Management Co. Ltd now owns 1,786 shares of the company's stock worth $40,000 after buying an additional 1,773 shares in the last quarter. Finally, Smartleaf Asset Management LLC grew its holdings in shares of Verra Mobility by 46.7% during the second quarter. Smartleaf Asset Management LLC now owns 3,414 shares of the company's stock worth $87,000 after buying an additional 1,087 shares in the last quarter.

Verra Mobility Company Profile

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.