Weiss Ratings Reiterates "Hold (C-)" Rating for Verra Mobility (NASDAQ:VRRM)

Key Points

• Weiss Ratings has reaffirmed a "Hold (C-)" rating for Verra Mobility (NASDAQ:VRRM), indicating a cautious stance on the stock's performance.
• Verra Mobility's stock recently traded down 0.7% to $23.99, with a consensus price target of $27.88 from analysts.
• The company reported earnings of $0.34 per share for the last quarter, surpassing estimates, and had a revenue increase of 6.1% compared to the previous year.

Verra Mobility (NASDAQ:VRRM - Get Free Report)'s stock had its "hold (c-)" rating reaffirmed by analysts at Weiss Ratings in a note issued to investors on Wednesday,Weiss Ratings reports.

Other equities analysts have also issued research reports about the company. Wall Street Zen lowered Verra Mobility from a "strong-buy" rating to a "buy" rating in a research note on Saturday, July 26th. Robert W. Baird upped their price target on 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. According to MarketBeat.com, Verra Mobility has a consensus rating of "Moderate Buy" and a consensus price target of $27.88.

Verra Mobility Stock Down 0.7%

Verra Mobility stock traded down $0.16 during midday trading on Wednesday, reaching $23.99. The company's stock had a trading volume of 1,197,380 shares, compared to its average volume of 1,091,628. The stock's 50-day simple moving average is $24.55 and its 200-day simple moving average is $23.86. The company has a debt-to-equity ratio of 2.93, a current ratio of 2.28 and a quick ratio of 2.21. Verra Mobility has a 52-week low of $19.51 and a 52-week high of $27.83. The stock has a market capitalization of $3.83 billion, a P/E ratio of 99.96, a PEG ratio of 2.79 and a beta of 0.77.

Verra Mobility (NASDAQ:VRRM - Get Free Report) last released its earnings results on Wednesday, August 6th. The company reported $0.34 EPS for the quarter, topping analysts' consensus estimates of $0.33 by $0.01. The firm had revenue of $236.03 million during the quarter, compared to the consensus estimate of $232.78 million. Verra Mobility had a return on equity of 55.14% and a net margin of 4.30%.The company's revenue was up 6.1% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.31 earnings per share. On average, sell-side analysts expect that Verra Mobility will post 1.08 EPS for the current year.

Institutional Investors Weigh In On Verra Mobility

A number of hedge funds have recently bought and sold shares of the stock. 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 valued at $37,000 after acquiring an additional 460 shares during the last quarter. EverSource Wealth Advisors LLC increased its holdings in shares of Verra Mobility by 439.4% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 1,494 shares of the company's stock valued at $38,000 after acquiring an additional 1,217 shares during the last quarter. CWM LLC increased its holdings in shares of Verra Mobility by 112.2% in the 2nd quarter. CWM LLC now owns 1,509 shares of the company's stock valued at $38,000 after acquiring an additional 798 shares during the last quarter. Caitong International Asset Management Co. Ltd increased its holdings in shares of Verra Mobility by 13,638.5% in the 1st quarter. Caitong International Asset Management Co. Ltd now owns 1,786 shares of the company's stock valued at $40,000 after acquiring an additional 1,773 shares during the last quarter. Finally, Osaic Holdings Inc. increased its holdings in shares of Verra Mobility by 285.8% in the 2nd quarter. Osaic Holdings Inc. now owns 3,044 shares of the company's stock valued at $72,000 after acquiring an additional 2,255 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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