Verra Mobility (NASDAQ:VRRM) Stock Rating Upgraded by Wall Street Zen

Wall Street Zen upgraded shares of Verra Mobility (NASDAQ:VRRM - Free Report) from a buy rating to a strong-buy rating in a research report released on Saturday.

A number of other research firms also recently weighed in on VRRM. UBS Group reduced their price target on Verra Mobility from $31.50 to $29.50 and set a "buy" rating for the company in a research report on Thursday, May 8th. Baird R W upgraded Verra Mobility from a "hold" rating to a "strong-buy" rating in a research note on Tuesday, April 22nd. Morgan Stanley dropped their price objective on 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. Finally, Robert W. Baird upped their price objective on Verra Mobility from $27.00 to $28.00 and gave the stock an "outperform" rating in a research note on Thursday, May 8th. One investment analyst has rated the stock with a hold rating, three have assigned a buy rating and two have issued a strong buy rating to the stock. According to MarketBeat.com, the stock has an average rating of "Buy" and an average target price of $27.38.

Verra Mobility Stock Down 2.2%

Shares of VRRM traded down $0.57 on Friday, hitting $24.83. The company's stock had a trading volume of 638,951 shares, compared to its average volume of 1,154,051. The company has a quick ratio of 2.10, a current ratio of 2.19 and a debt-to-equity ratio of 3.45. The firm's fifty day moving average price is $24.28 and its 200-day moving average price is $23.80. Verra Mobility has a fifty-two week low of $19.51 and a fifty-two week high of $31.03. The firm has a market capitalization of $3.96 billion, a price-to-earnings ratio of 124.15, a P/E/G ratio of 2.44 and a beta of 0.77.

Verra Mobility (NASDAQ:VRRM - Get Free Report) last released its quarterly 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. Verra Mobility had a return on equity of 51.05% and a net margin of 3.88%. The firm had revenue of $223.25 million during the quarter, compared to the consensus estimate of $216.94 million. During the same quarter in the prior year, the firm posted $0.27 EPS. The business's revenue was up 6.5% on a year-over-year basis. On average, equities research analysts expect that Verra Mobility will post 1.08 EPS for the current year.

Insiders Place Their Bets

In related news, insider Jonathan Keyser sold 18,719 shares of the stock in a transaction on Friday, May 9th. The stock was sold at an average price of $24.28, for a total value of $454,497.32. Following the sale, the insider owned 1,179 shares in the company, valued at approximately $28,626.12. This represents a 94.07% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 1.05% of the company's stock.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Farther Finance Advisors LLC grew its holdings in Verra Mobility by 46.6% in the 2nd quarter. Farther Finance Advisors LLC now owns 1,447 shares of the company's stock valued at $37,000 after buying an additional 460 shares in the last quarter. Caitong International Asset Management Co. Ltd grew its holdings in shares of Verra Mobility by 13,638.5% during the 1st quarter. Caitong International Asset Management Co. Ltd now owns 1,786 shares of the company's stock worth $40,000 after purchasing an additional 1,773 shares in the last quarter. Quarry LP grew its holdings in shares of Verra Mobility by 361.8% during the 1st quarter. Quarry LP now owns 4,055 shares of the company's stock worth $91,000 after purchasing an additional 3,177 shares in the last quarter. Aster Capital Management DIFC Ltd grew its holdings in shares of Verra Mobility by 585.1% during the 4th quarter. Aster Capital Management DIFC Ltd now owns 4,720 shares of the company's stock worth $114,000 after purchasing an additional 4,031 shares in the last quarter. Finally, PNC Financial Services Group Inc. grew its holdings in shares of Verra Mobility by 6.8% during the 4th quarter. PNC Financial Services Group Inc. now owns 6,381 shares of the company's stock worth $154,000 after purchasing an additional 409 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.