Verra Mobility (NASDAQ:VRRM) Upgraded to "Strong-Buy" at 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 brokerages have also commented on VRRM. UBS Group cut their target price on Verra Mobility from $31.50 to $29.50 and set a "buy" rating for the company in a research note on Thursday, May 8th. Robert W. Baird increased 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. Baird R W upgraded Verra Mobility from a "hold" rating to a "strong-buy" rating in a research report on Tuesday, April 22nd. Finally, Morgan Stanley dropped 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 report on Thursday, March 27th. One investment analyst has rated the stock with a hold rating, three have issued a buy rating and two have given a strong buy rating to the stock. According to MarketBeat, Verra Mobility currently has an average rating of "Buy" and a consensus price target of $27.38.

Verra Mobility Stock Performance

NASDAQ VRRM traded down $0.36 on Friday, reaching $24.64. The stock had a trading volume of 246,124 shares, compared to its average volume of 1,145,790. The company has a debt-to-equity ratio of 3.45, a quick ratio of 2.10 and a current ratio of 2.19. Verra Mobility has a 12-month low of $19.51 and a 12-month high of $31.03. The business's 50-day moving average price is $24.28 and its 200 day moving average price is $23.79. The stock has a market cap of $3.93 billion, a P/E ratio of 123.23, a price-to-earnings-growth ratio of 2.38 and a beta of 0.77.

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

Insider Activity

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

Hedge Funds Weigh In On Verra Mobility

A number of hedge funds have recently added to or reduced their stakes in the company. PNC Financial Services Group Inc. lifted its holdings in shares of Verra Mobility by 6.8% in the fourth quarter. PNC Financial Services Group Inc. now owns 6,381 shares of the company's stock worth $154,000 after buying an additional 409 shares in the last quarter. GAMMA Investing LLC raised its holdings in shares of Verra Mobility by 11.6% in the 2nd quarter. GAMMA Investing LLC now owns 4,128 shares of the company's stock valued at $105,000 after purchasing an additional 430 shares in the last quarter. Mitsubishi UFJ Trust & Banking Corp lifted its stake in shares of Verra Mobility by 2.5% during the 4th quarter. Mitsubishi UFJ Trust & Banking Corp now owns 18,308 shares of the company's stock worth $443,000 after purchasing an additional 448 shares during the last quarter. Farther Finance Advisors LLC boosted its stake in Verra Mobility by 46.6% in the second quarter. Farther Finance Advisors LLC now owns 1,447 shares of the company's stock valued at $37,000 after acquiring an additional 460 shares in the last quarter. Finally, Xponance Inc. increased its holdings in shares of Verra Mobility by 4.9% during the first quarter. Xponance Inc. now owns 12,451 shares of the company's stock valued at $280,000 after acquiring an additional 586 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.