Verra Mobility Corp (NASDAQ:VRRM) Receives Average Recommendation of "Moderate Buy" from Brokerages

Key Points

• Verra Mobility Corp (NASDAQ:VRRM) has received a consensus recommendation of "Moderate Buy" from six analysts, with a target price averaging $27.88.
• Institutional investors have shown increasing interest, with CWM LLC expanding its holdings by 792.9% in the 3rd quarter.
• The company reported earnings of $0.34 per share, exceeding analysts' estimates, and demonstrated a 6.1% increase in revenue year over year.

Verra Mobility Corp (NASDAQ:VRRM - Get Free Report) has been assigned a consensus recommendation of "Moderate Buy" from the six analysts that are presently covering the company, MarketBeat reports. Two research analysts have rated the stock with a hold recommendation, three have assigned a buy recommendation and one has given a strong buy recommendation to the company. The average 12 month price target among brokers that have issued ratings on the stock in the last year is $27.8750.

A number of brokerages have weighed in on VRRM. Robert W. Baird increased their target price on shares of Verra Mobility from $28.00 to $30.00 and gave the stock an "outperform" rating in a report on Thursday, August 21st. Wall Street Zen cut shares of Verra Mobility from a "strong-buy" rating to a "buy" rating in a report on Saturday, July 26th. Finally, Weiss Ratings reissued a "hold (c-)" rating on shares of Verra Mobility in a report on Wednesday, October 8th.

Institutional Trading of Verra Mobility

A number of large investors have recently modified their holdings of the company. Ellsworth Advisors LLC acquired a new stake in shares of Verra Mobility in the 3rd quarter worth about $613,000. CWM LLC increased its holdings in shares of Verra Mobility by 792.9% in the 3rd quarter. CWM LLC now owns 13,474 shares of the company's stock worth $333,000 after acquiring an additional 11,965 shares during the period. ZWJ Investment Counsel Inc. increased its holdings in shares of Verra Mobility by 8.2% in the 3rd quarter. ZWJ Investment Counsel Inc. now owns 10,042 shares of the company's stock worth $248,000 after acquiring an additional 765 shares during the period. Farther Finance Advisors LLC increased its holdings in shares of Verra Mobility by 303.8% in the 3rd quarter. Farther Finance Advisors LLC now owns 5,843 shares of the company's stock worth $144,000 after acquiring an additional 4,396 shares during the period. Finally, Harbour Capital Advisors LLC increased its holdings in shares of Verra Mobility by 46.3% in the 3rd quarter. Harbour Capital Advisors LLC now owns 20,925 shares of the company's stock worth $505,000 after acquiring an additional 6,625 shares during the period.

Verra Mobility Trading Down 0.3%

VRRM opened at $24.26 on Monday. The stock has a market capitalization of $3.87 billion, a PE ratio of 101.09, a P/E/G ratio of 2.84 and a beta of 0.77. Verra Mobility has a 12-month low of $19.51 and a 12-month high of $27.80. The firm's fifty day moving average price is $24.44 and its 200 day moving average price is $24.00. The company has a debt-to-equity ratio of 2.93, a current ratio of 2.28 and a quick ratio of 2.21.

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

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.

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