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

Key Points

• Analysts have a consensus recommendation of "Buy" for Verra Mobility Corp (NASDAQ:VRRM) with one strong buy, three buys, and one hold rating.
• The average 12-month target price for the stock is currently $27.88, reflecting positive sentiment from analysts.
• Verra Mobility's recent quarterly earnings showed a 6.1% increase in revenue year-over-year, exceeding expectations with reported earnings of $0.34 EPS.

Shares of Verra Mobility Corp (NASDAQ:VRRM - Get Free Report) have been given a consensus recommendation of "Buy" by the five research firms that are presently covering the stock, Marketbeat.com reports. One analyst has rated the stock with a hold recommendation, three have issued a buy recommendation and one has given a strong buy recommendation to the company. The average 12-month target price among brokerages that have updated their coverage on the stock in the last year is $27.8750.

A number of research analysts have issued reports on VRRM shares. Wall Street Zen cut Verra Mobility from a "strong-buy" rating to a "buy" rating in a research note on Saturday, July 26th. Robert W. Baird boosted their target price on Verra Mobility from $28.00 to $30.00 and gave the company an "outperform" rating in a research note on Thursday, August 21st.

Verra Mobility Price Performance

Shares of Verra Mobility stock opened at $24.36 on Thursday. The company has a quick ratio of 2.21, a current ratio of 2.28 and a debt-to-equity ratio of 2.93. Verra Mobility has a 12 month low of $19.51 and a 12 month high of $28.06. The business has a fifty day simple moving average of $24.63 and a 200 day simple moving average of $23.60. The stock has a market cap of $3.89 billion, a PE ratio of 101.50, a price-to-earnings-growth ratio of 2.85 and a beta of 0.80.

Verra Mobility (NASDAQ:VRRM - Get Free Report) last announced its quarterly earnings data on Wednesday, August 6th. The company reported $0.34 EPS for the quarter, topping analysts' consensus estimates 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 during the quarter, compared to analysts' expectations of $232.78 million. During the same period in the previous year, the firm earned $0.31 earnings per share. The firm's quarterly revenue was up 6.1% compared to the same quarter last year. Research analysts predict that Verra Mobility will post 1.08 EPS for the current year.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in VRRM. Farther Finance Advisors LLC grew its stake 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 period. CWM LLC lifted its holdings in shares of Verra Mobility by 112.2% in the second quarter. CWM LLC now owns 1,509 shares of the company's stock valued at $38,000 after purchasing an additional 798 shares in the last quarter. EverSource Wealth Advisors LLC lifted its holdings in shares of Verra Mobility by 439.4% in the second quarter. EverSource Wealth Advisors LLC now owns 1,494 shares of the company's stock valued at $38,000 after purchasing an additional 1,217 shares in the last quarter. Caitong International Asset Management Co. Ltd lifted its holdings in shares of Verra Mobility by 13,638.5% in the first quarter. Caitong International Asset Management Co. Ltd now owns 1,786 shares of the company's stock valued at $40,000 after purchasing an additional 1,773 shares in the last quarter. Finally, Osaic Holdings Inc. lifted its holdings in shares of Verra Mobility by 285.8% in the second quarter. Osaic Holdings Inc. now owns 3,044 shares of the company's stock valued at $72,000 after purchasing an additional 2,255 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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