Verra Mobility Corp (NASDAQ:VRRM) Receives Average Recommendation of "Reduce" from Analysts

Key Points

• Analysts have a consensus “Reduce” rating on Verra Mobility, with one sell rating and nine hold ratings. The average 12-month price target is $7.00.
• VRRM opened at $4.72, well below its 52-week high of $25.57; its 50-day and 200-day moving averages were $4.54 and $11.23, respectively.
• Despite the cautious analyst outlook, Verra Mobility exceeded quarterly expectations, reporting $0.38 in EPS versus $0.33 estimated and revenue of $263.59 million, up 11.7% year over year.

Verra Mobility Corp (NASDAQ:VRRM - Get Free Report) has been given a consensus recommendation of "Reduce" by the ten brokerages that are currently covering the firm, MarketBeat reports. One investment analyst has rated the stock with a sell rating and nine have issued a hold rating on the company. The average 1 year price target among analysts that have issued a report on the stock in the last year is $7.00.

VRRM has been the subject of several research analyst reports. Northcoast Research reaffirmed a "neutral" rating on shares of Verra Mobility in a research report on Wednesday, May 27th. CJS Securities lowered shares of Verra Mobility from a "market outperform" rating to a "market perform" rating and set a $10.00 price objective on the stock. in a research report on Wednesday, May 27th. William Blair cut shares of Verra Mobility from an "outperform" rating to a "market perform" rating in a research note on Wednesday, May 27th. UBS Group increased their target price on shares of Verra Mobility from $4.00 to $6.00 and gave the company a "neutral" rating in a research report on Friday, August 7th. Finally, Zacks Research raised shares of Verra Mobility from a "strong sell" rating to a "hold" rating in a report on Thursday.

Verra Mobility Price Performance

Verra Mobility stock opened at $4.72 on Friday. Verra Mobility has a 52 week low of $3.40 and a 52 week high of $25.57. The company's 50 day moving average price is $4.54 and its two-hundred day moving average price is $11.23. The stock has a market cap of $717.02 million, a P/E ratio of 18.15 and a beta of 0.41. The company has a quick ratio of 1.96, a current ratio of 2.06 and a debt-to-equity ratio of 4.58.

Verra Mobility (NASDAQ:VRRM - Get Free Report) last released its earnings results on Wednesday, August 5th. The company reported $0.38 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.33 by $0.05. Verra Mobility had a return on equity of 64.39% and a net margin of 4.40%.The company had revenue of $263.59 million during the quarter, compared to analyst estimates of $254.81 million. During the same period in the prior year, the company posted $0.34 earnings per share. Verra Mobility's quarterly revenue was up 11.7% on a year-over-year basis. On average, equities analysts predict that Verra Mobility will post 1.11 earnings per share for the current year.

Institutional Trading of Verra Mobility

A number of large investors have recently bought and sold shares of VRRM. Wellington Management Group LLP lifted its position in shares of Verra Mobility by 4.9% during the 4th quarter. Wellington Management Group LLP now owns 7,059,237 shares of the company's stock valued at $158,198,000 after buying an additional 329,264 shares during the last quarter. Morgan Stanley increased its holdings in Verra Mobility by 44.8% in the 4th quarter. Morgan Stanley now owns 4,194,005 shares of the company's stock worth $93,988,000 after acquiring an additional 1,296,602 shares during the last quarter. Dimensional Fund Advisors LP increased its holdings in Verra Mobility by 0.7% in the 4th quarter. Dimensional Fund Advisors LP now owns 3,316,850 shares of the company's stock worth $74,333,000 after acquiring an additional 24,682 shares during the last quarter. Norges Bank bought a new stake in Verra Mobility in the 4th quarter valued at about $68,608,000. Finally, River Road Asset Management LLC raised its stake in Verra Mobility by 441.6% in the 4th quarter. River Road Asset Management LLC now owns 2,984,760 shares of the company's stock valued at $66,888,000 after acquiring an additional 2,433,610 shares during the period.

Verra Mobility Company Profile

Verra Mobility, traded on the Nasdaq under the ticker VRRM, is a leading provider of smart mobility solutions designed to improve safety, efficiency and compliance for transportation authorities and commercial fleets. The company develops and operates automated traffic enforcement systems, toll and violation management platforms, and connected-vehicle services. Through its technology offerings, Verra Mobility helps public agencies enhance road safety, reduce congestion and streamline revenue collection for tolling and parking.

Verra Mobility’s core products include red-light and speed-camera enforcement programs, license plate recognition systems, and cloud-based violation processing software.

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