VERRA MOBILITY (NASDAQ:VRRM) Earns Hold (C-) Rating from Weiss Ratings

Key Points

• VERRA MOBILITY has been reaffirmed with a "hold (C-)" rating by Weiss Ratings as of the latest research, while other analysts have mixed ratings ranging from "Strong Buy" to "Buy."
• The company reported earnings of $0.34 EPS for the last quarter, exceeding analyst estimates, and its revenue increased by 6.1% year-over-year.
• Despite a market cap of $3.82 billion, VERRA MOBILITY's stock has experienced fluctuating performance, with a recent share price of $23.95.

VERRA MOBILITY (NASDAQ:VRRM - Get Free Report)'s stock had its "hold (c-)" rating reaffirmed by equities researchers at Weiss Ratings in a research note issued on Friday,Weiss Ratings reports.

VRRM has been the topic of several other research reports. Wall Street Zen downgraded shares of 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 shares of VERRA MOBILITY from $28.00 to $30.00 and gave the company an "outperform" rating in a research note on Thursday, August 21st. One equities research analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating and two have given a Hold rating to the company's stock. According to MarketBeat, VERRA MOBILITY presently has a consensus rating of "Moderate Buy" and a consensus price target of $27.88.

VERRA MOBILITY Stock Performance

Shares of NASDAQ VRRM traded down $0.71 during trading hours on Friday, reaching $23.95. The stock had a trading volume of 996,461 shares, compared to its average volume of 1,036,365. The business's fifty day moving average is $24.48 and its two-hundred day moving average is $24.05. The company has a debt-to-equity ratio of 2.93, a current ratio of 2.28 and a quick ratio of 2.21. The company has a market cap of $3.82 billion, a price-to-earnings ratio of 21.08, a PEG ratio of 2.88 and a beta of 0.77. VERRA MOBILITY has a twelve month low of $19.51 and a twelve month high of $27.20.

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

Institutional Trading of VERRA MOBILITY

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in VRRM. Oppenheimer Asset Management Inc. increased its position in VERRA MOBILITY by 32.7% in the first quarter. Oppenheimer Asset Management Inc. now owns 11,451 shares of the company's stock worth $258,000 after purchasing an additional 2,823 shares during the period. Illinois Municipal Retirement Fund boosted its holdings in VERRA MOBILITY by 10.0% during the first quarter. Illinois Municipal Retirement Fund now owns 95,803 shares of the company's stock worth $2,157,000 after buying an additional 8,697 shares during the last quarter. Peregrine Capital Management LLC boosted its holdings in VERRA MOBILITY by 3.4% during the first quarter. Peregrine Capital Management LLC now owns 559,909 shares of the company's stock worth $12,604,000 after buying an additional 18,620 shares during the last quarter. Teacher Retirement System of Texas bought a new position in VERRA MOBILITY during the first quarter worth about $541,000. Finally, Xponance Inc. boosted its holdings in VERRA MOBILITY by 4.9% during the first quarter. Xponance Inc. now owns 12,451 shares of the company's stock worth $280,000 after buying an additional 586 shares during 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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