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

Shares of Verra Mobility Corp (NASDAQ:VRRM - Get Free Report) have been assigned a consensus recommendation of "Buy" from the five research firms that are presently covering the firm, Marketbeat.com reports. One analyst has rated the stock with a hold rating, three have issued a buy rating and one has assigned a strong buy rating to the company. The average twelve-month price objective among brokers that have updated their coverage on the stock in the last year is $27.38.

A number of research analysts recently commented on the stock. Morgan Stanley decreased their price target on shares of Verra Mobility from $25.00 to $23.00 and set an "equal weight" rating on the stock in a research note on Thursday, March 27th. Robert W. Baird lifted their price target on Verra Mobility from $27.00 to $28.00 and gave the company an "outperform" rating in a research note on Thursday, May 8th. Wall Street Zen upgraded shares of Verra Mobility from a "buy" rating to a "strong-buy" rating in a report on Saturday. UBS Group dropped their price target on shares of Verra Mobility from $31.50 to $29.50 and set a "buy" rating for the company in a research note on Thursday, May 8th. Finally, Baird R W upgraded Verra Mobility from a "hold" rating to a "strong-buy" rating in a research report on Tuesday, April 22nd.

Verra Mobility Stock Down 1.5%

VRRM stock traded down $0.38 during midday trading on Friday, hitting $24.61. The company's stock had a trading volume of 246,124 shares, compared to its average volume of 1,145,813. The company's fifty day moving average price is $24.28 and its 200 day moving average price is $23.79. Verra Mobility has a twelve month low of $19.51 and a twelve month high of $31.03. The company has a debt-to-equity ratio of 3.45, a current ratio of 2.19 and a quick ratio of 2.10. The stock has a market capitalization of $3.92 billion, a P/E ratio of 123.23, a PEG ratio of 2.38 and a beta of 0.77.

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

Insider Activity at Verra Mobility

In other news, insider Jonathan Keyser sold 18,719 shares of Verra Mobility stock in a transaction on Friday, May 9th. The stock was sold at an average price of $24.28, for a total transaction of $454,497.32. Following the sale, the insider directly owned 1,179 shares in the company, valued at $28,626.12. The trade was a 94.07% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Insiders own 1.05% of the company's stock.

Institutional Investors Weigh In On Verra Mobility

Several institutional investors have recently added to or reduced their stakes in VRRM. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its holdings in shares of Verra Mobility by 155.8% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 5,280,591 shares of the company's stock valued at $118,866,000 after acquiring an additional 3,215,973 shares in the last quarter. American Century Companies Inc. grew its stake in Verra Mobility by 2,915.3% in the 4th quarter. American Century Companies Inc. now owns 2,086,049 shares of the company's stock worth $50,441,000 after buying an additional 2,016,866 shares in the last quarter. Norges Bank purchased a new stake in shares of Verra Mobility during the 4th quarter valued at $46,156,000. Sunriver Management LLC purchased a new stake in shares of Verra Mobility during the 4th quarter valued at $33,503,000. Finally, Price T Rowe Associates Inc. MD grew its position in Verra Mobility by 12.7% in the first quarter. Price T Rowe Associates Inc. MD now owns 10,265,348 shares of the company's stock worth $231,074,000 after acquiring an additional 1,153,573 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.