Verra Mobility (NASDAQ:VRRM) Downgraded by Wall Street Zen to Hold

Key Points

• Wall Street Zen downgraded Verra Mobility from buy to hold, adding to a mixed analyst picture. The stock’s overall consensus rating remains Hold with an average price target of $21.40.
• Verra Mobility reported Q1 earnings of $0.25 per share, matching analyst expectations, on revenue of $223.57 million, also roughly in line with estimates. The company’s revenue was up just 0.1% year over year.
• The stock fell about 2.3% and was trading at $14.30, near its 52-week low of $13.02. Despite the pullback, some analysts still see upside, with price targets ranging from $15 to $22.

Verra Mobility (NASDAQ:VRRM - Get Free Report) was downgraded by equities researchers at Wall Street Zen from a "buy" rating to a "hold" rating in a report issued on Saturday.

Other equities analysts also recently issued research reports about the company. Morgan Stanley set a $15.00 price objective on Verra Mobility in a report on Thursday. Weiss Ratings downgraded Verra Mobility from a "hold (c-)" rating to a "sell (d+)" rating in a report on Monday. Deutsche Bank Aktiengesellschaft reiterated a "buy" rating and set a $22.00 price target on shares of Verra Mobility in a report on Thursday. JPMorgan Chase & Co. lowered their price target on Verra Mobility from $21.00 to $19.00 and set a "neutral" rating on the stock in a report on Thursday, March 26th. Finally, Robert W. Baird set a $20.00 price target on Verra Mobility in a report on Friday. Three equities research analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, the stock currently has an average rating of "Hold" and a consensus price target of $21.40.

Verra Mobility Trading Down 2.3%

NASDAQ:VRRM opened at $14.30 on Friday. The stock's 50 day moving average price is $15.11 and its 200 day moving average price is $19.33. Verra Mobility has a 52 week low of $13.02 and a 52 week high of $25.83. The company has a market capitalization of $2.16 billion, a P/E ratio of 17.44, a P/E/G ratio of 2.38 and a beta of 0.67. The company has a debt-to-equity ratio of 3.76, a quick ratio of 2.00 and a current ratio of 1.89.

Verra Mobility (NASDAQ:VRRM - Get Free Report) last released its quarterly earnings data on Wednesday, May 6th. The company reported $0.25 EPS for the quarter, hitting analysts' consensus estimates of $0.25. Verra Mobility had a return on equity of 55.59% and a net margin of 13.38%.The firm had revenue of $223.57 million for the quarter, compared to the consensus estimate of $223.34 million. During the same quarter in the prior year, the company posted $0.30 earnings per share. The firm's revenue was up .1% on a year-over-year basis. Verra Mobility has set its FY 2026 guidance at 1.320-1.380 EPS. On average, research analysts forecast that Verra Mobility will post 1.23 EPS for the current fiscal year.

Hedge Funds Weigh In On Verra Mobility

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. State of Wyoming grew its holdings in Verra Mobility by 1.5% during the third quarter. State of Wyoming now owns 31,483 shares of the company's stock valued at $778,000 after purchasing an additional 454 shares during the last quarter. Smartleaf Asset Management LLC boosted its position in shares of Verra Mobility by 14.9% in the third quarter. Smartleaf Asset Management LLC now owns 3,922 shares of the company's stock valued at $97,000 after acquiring an additional 508 shares during the period. Victory Capital Management Inc. boosted its position in shares of Verra Mobility by 1.1% in the third quarter. Victory Capital Management Inc. now owns 45,583 shares of the company's stock valued at $1,126,000 after acquiring an additional 511 shares during the period. EverSource Wealth Advisors LLC boosted its position in shares of Verra Mobility by 35.2% in the third quarter. EverSource Wealth Advisors LLC now owns 2,020 shares of the company's stock valued at $50,000 after acquiring an additional 526 shares during the period. Finally, Nisa Investment Advisors LLC boosted its position in shares of Verra Mobility by 9.7% in the third quarter. Nisa Investment Advisors LLC now owns 6,522 shares of the company's stock valued at $161,000 after acquiring an additional 574 shares during the period.

About Verra Mobility

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.