Wall Street Zen Downgrades Verra Mobility (NASDAQ:VRRM) to Buy

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

A number of other equities research analysts have also recently weighed in on VRRM. Baird R W upgraded shares of Verra Mobility from a "hold" rating to a "strong-buy" rating in a report on Tuesday, April 22nd. Robert W. Baird boosted their price target on Verra Mobility from $27.00 to $28.00 and gave the stock an "outperform" rating in a research report on Thursday, May 8th. Finally, UBS Group reduced their price objective 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. One investment analyst has rated the stock with a hold rating, four have issued a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of "Buy" and an average target price of $27.38.

Verra Mobility Trading Up 2.3%

VRRM opened at $24.97 on Friday. The company has a quick ratio of 2.10, a current ratio of 2.19 and a debt-to-equity ratio of 3.45. Verra Mobility has a 52 week low of $19.51 and a 52 week high of $30.71. The stock has a market cap of $3.98 billion, a PE ratio of 124.85, a PEG ratio of 2.35 and a beta of 0.77. The business has a 50 day moving average of $24.52 and a 200-day moving average of $23.83.

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

Insider Transactions at Verra Mobility

In other news, insider Jonathan Keyser sold 18,719 shares of the stock in a transaction that occurred on Friday, May 9th. The shares were sold at an average price of $24.28, for a total transaction of $454,497.32. Following the sale, the insider owned 1,179 shares in the company, valued at $28,626.12. This represents a 94.07% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Company 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 VRRM. Farther Finance Advisors LLC increased its holdings in shares of Verra Mobility by 46.6% in the 2nd quarter. Farther Finance Advisors LLC now owns 1,447 shares of the company's stock worth $37,000 after purchasing an additional 460 shares in the last quarter. CWM LLC boosted its position in shares of Verra Mobility by 112.2% during the second quarter. CWM LLC now owns 1,509 shares of the company's stock valued at $38,000 after buying an additional 798 shares during the last quarter. Caitong International Asset Management Co. Ltd boosted its position in shares of Verra Mobility by 13,638.5% during the first quarter. Caitong International Asset Management Co. Ltd now owns 1,786 shares of the company's stock valued at $40,000 after buying an additional 1,773 shares during the last quarter. Quarry LP increased its holdings in Verra Mobility by 361.8% in the 1st quarter. Quarry LP now owns 4,055 shares of the company's stock worth $91,000 after buying an additional 3,177 shares in the last quarter. Finally, GAMMA Investing LLC raised its position in Verra Mobility by 11.6% in the 2nd quarter. GAMMA Investing LLC now owns 4,128 shares of the company's stock worth $105,000 after buying an additional 430 shares during 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.

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