Verra Mobility Corp (NASDAQ:VRRM - Get Free Report)'s share price hit a new 52-week low on Thursday . The company traded as low as $13.02 and last traded at $13.3840, with a volume of 191078 shares. The stock had previously closed at $14.32.
Verra Mobility News Summary
Here are the key news stories impacting Verra Mobility this week:
Analyst Ratings Changes
Several brokerages recently weighed in on VRRM. Deutsche Bank Aktiengesellschaft reaffirmed a "buy" rating and issued a $22.00 target price on shares of Verra Mobility in a research report on Thursday. Weiss Ratings lowered Verra Mobility from a "hold (c-)" rating to a "sell (d+)" rating in a research report on Monday. Robert W. Baird set a $24.00 target price on Verra Mobility in a research report on Wednesday, February 25th. Wall Street Zen raised Verra Mobility from a "hold" rating to a "buy" rating in a research report on Monday, April 27th. Finally, Morgan Stanley set a $15.00 price objective on Verra Mobility in a research report on Thursday. Three analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of "Hold" and a consensus target price of $22.20.
Read Our Latest Analysis on VRRM
Verra Mobility Stock Up 1.0%
The firm has a 50 day moving average price of $15.19 and a two-hundred day moving average price of $19.40. The company has a quick ratio of 2.00, a current ratio of 2.10 and a debt-to-equity ratio of 3.49. The company has a market capitalization of $2.19 billion, a price-to-earnings ratio of 17.05, a P/E/G ratio of 2.36 and a beta of 0.67.
Verra Mobility (NASDAQ:VRRM - Get Free Report) last posted its quarterly earnings results on Tuesday, February 24th. The company reported $0.30 EPS for the quarter, missing analysts' consensus estimates of $0.32 by ($0.02). The firm had revenue of $257.86 million during the quarter, compared to analyst estimates of $241.17 million. Verra Mobility had a return on equity of 57.45% and a net margin of 13.95%.The firm's revenue for the quarter was up 16.4% on a year-over-year basis. During the same quarter last year, the business posted $0.33 earnings per share. Verra Mobility has set its FY 2026 guidance at 1.320-1.380 EPS. As a group, sell-side analysts expect that Verra Mobility Corp will post 1.23 earnings per share for the current year.
Hedge Funds Weigh In On Verra Mobility
Hedge funds have recently bought and sold shares of the company. Rothschild Investment LLC grew its stake in Verra Mobility by 238.3% in the third quarter. Rothschild Investment LLC now owns 1,167 shares of the company's stock worth $29,000 after purchasing an additional 822 shares in the last quarter. Global Retirement Partners LLC bought a new position in Verra Mobility in the fourth quarter worth about $27,000. Caitong International Asset Management Co. Ltd lifted its holdings in Verra Mobility by 967.8% in the fourth quarter. Caitong International Asset Management Co. Ltd now owns 1,260 shares of the company's stock worth $28,000 after acquiring an additional 1,142 shares during the last quarter. EverSource Wealth Advisors LLC lifted its holdings in Verra Mobility by 439.4% in the second quarter. EverSource Wealth Advisors LLC now owns 1,494 shares of the company's stock worth $38,000 after acquiring an additional 1,217 shares during the last quarter. Finally, Salomon & Ludwin LLC lifted its holdings in Verra Mobility by 100.7% in the fourth quarter. Salomon & Ludwin LLC now owns 1,497 shares of the company's stock worth $34,000 after acquiring an additional 751 shares during the last quarter.
About Verra Mobility
(
Get Free Report)
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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