NASDAQ:VRRM

Verra Mobility (VRRM) Stock Forecast, Price & News

$18.70

-0.08 (-0.43%)

(As of 09/29/2023 ET)

Compare

Today's Range: $18.65
▼
$19.01
50-Day Range: $17.48
▼
$21.07
52-Week Range: $12.76
▼
$21.54

Volume: 881,093 shs
Average Volume: 1.87 million shs
Market Capitalization: $3.17 billion

P/E Ratio: 42.50
Dividend Yield: N/A
Price Target: $20.00

Verra Mobility MarketRank™ Forecast

Analyst Rating: Moderate Buy
2.50 Rating Score
Upside/Downside: 7.0% Upside
$20.00 Price Target
Short Interest: Bearish
4.75% of Float Sold Short
Dividend Strength: N/A
Sustainability: N/A
News Sentiment: 0.42
Based on 4 Articles This Week
Insider Trading: Selling Shares
$723,109 Sold Last Quarter
Proj. Earnings Growth: 9.09%
From $0.99 to $1.08 Per Share

Overall MarketRank^™

MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.

1.42 out of 5 stars

Industrial Products Sector

172nd out of 180 stocks

Transportation Services Industry

17th out of 17 stocks

1.3

Analyst's Opinion

Consensus Rating
Verra Mobility has received a consensus rating of Moderate Buy. The company's average rating score is 2.50, and is based on 2 buy ratings, 2 hold ratings, and no sell ratings.
Price Target Upside/Downside
According to analysts' consensus price target of $20.00, Verra Mobility has a forecasted upside of 7.0% from its current price of $18.70.
Amount of Analyst Coverage
Verra Mobility has only been the subject of 3 research reports in the past 90 days.

2.0

Short Interest

Percentage of Shares Shorted
4.75% of the float of Verra Mobility has been sold short.
Short Interest Ratio / Days to Cover
Verra Mobility has a short interest ratio ("days to cover") of 5.1.
Change versus previous month
Short interest in Verra Mobility has recently increased by 97.41%, indicating that investor sentiment is decreasing significantly.

0.0

Dividend Strength

Dividend Yield
Verra Mobility does not currently pay a dividend.
Dividend Growth
Verra Mobility does not have a long track record of dividend growth.

N/A

Sustainability and ESG

Overall ESG (Environmental, Social, and Governance) Score
There is no current Upright™ data available for VRRM.

2.5

News and Social Media Coverage

News Sentiment
Verra Mobility has a news sentiment score of 0.42. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a lower news sentiment than the 0.63 average news sentiment score of Industrial Products companies.
News Coverage This Week
MarketBeat has tracked 4 news articles for Verra Mobility this week, compared to 2 articles on an average week.
Search Interest
Only 1 people have searched for VRRM on MarketBeat in the last 30 days. This is a decrease of 0% compared to the previous 30 days.
MarketBeat Follows
1 people have added Verra Mobility to their MarketBeat watchlist in the last 30 days.

0.8

Company Ownership

Insider Buying vs. Insider Selling
In the past three months, Verra Mobility insiders have sold more of their company's stock than they have bought. Specifically, they have bought $0.00 in company stock and sold $723,109.00 in company stock.
Percentage Held by Insiders
Only 1.02% of the stock of Verra Mobility is held by insiders.

1.9

Earnings and Valuation

Earnings Growth
Earnings for Verra Mobility are expected to grow by 9.09% in the coming year, from $0.99 to $1.08 per share.
Price to Earnings Ratio vs. the Market
The P/E ratio of Verra Mobility is 42.50, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 107.08.
Price to Earnings Ratio vs. Sector
The P/E ratio of Verra Mobility is 42.50, which means that it is trading at a more expensive P/E ratio than the Industrial Products sector average P/E ratio of about 16.48.
Price to Earnings Growth Ratio
Verra Mobility has a PEG Ratio of 1.85. PEG Ratios above 1 indicate that a company could be overvalued.
Price to Book Value per Share Ratio
Verra Mobility has a P/B Ratio of 12.06. P/B Ratios above 3 indicate that a company could be overvalued with respect to its assets and liabilities.

See Top Rated MarketRank™ Stocks Here

About Verra Mobility (NASDAQ:VRRM) Stock

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. The Government Solutions segment offers automated safety solutions to national, state, and local government agencies, including services and technologies that enable photo enforcement through road safety cameras to detect and process traffic violations for red-light, speed, school bus, and city bus lanes. This segment serves municipalities, counties, school districts, and law enforcement agencies. The Parking Solutions segment provides an integrated suite of parking software and hardware solutions to universities, municipalities, parking operators, healthcare facilities, and transportation hubs. The company was incorporated in 2016 and is headquartered in Mesa, Arizona.

VRRM Price History

30 days | 90 days | 365 days | Advanced Chart

VRRM Stock News Headlines

September 29, 2023 | americanbankingnews.com

Verra Mobility Co. (NASDAQ:VRRM) Short Interest Up 97.4% in September

September 25, 2023 | finance.yahoo.com

Returns At Verra Mobility (NASDAQ:VRRM) Are On The Way Up

October 1, 2023 | Behind the Markets (Ad)

66,000% upside on tiny biotech?

The Wall Street Journal reports that this medical breakthrough is "Transforming Medicine." One analyst calculated that it could be worth $1 Trillion, making the upside potential of this small-cap 66,000% above today's price.

September 10, 2023 | fool.com

Verra Mobility (NASDAQ: VRRM)

September 4, 2023 | seekingalpha.com

Verra Mobility Is Addressing My Problems With Them

September 1, 2023 | markets.businessinsider.com

Robert W. Baird Sticks to Their Hold Rating for Verra Mobility (VRRM)

August 31, 2023 | msn.com

Verra Mobility Corp - (VRRM) Price Target Increased by 5.26% to 23.80

August 30, 2023 | sg.finance.yahoo.com

Verra Mobility Corporation (VRRMW)

October 1, 2023 | Behind the Markets (Ad)

66,000% upside on tiny biotech?

August 10, 2023 | finance.yahoo.com

Q2 2023 Verra Mobility Corp Earnings Call

August 10, 2023 | finance.yahoo.com

VERRA MOBILITY CORP (VRRM) Surpasses Q2 Earnings and Revenue Estimates

August 9, 2023 | seekingalpha.com

Verra Mobility Corporation 2023 Q2 - Results - Earnings Call Presentation

August 9, 2023 | finance.yahoo.com

Verra Mobility Announces Second Quarter 2023 Financial Results

August 1, 2023 | msn.com

Deutsche Bank Upgrades Verra Mobility Corp - (VRRM)

August 1, 2023 | finance.yahoo.com

4 big analyst picks: 'Tide may be turning' for Sweetgreen, says Piper Sandler

July 31, 2023 | finance.yahoo.com

Verra Mobility Schedules Second Quarter 2023 Earnings Call

July 25, 2023 | finance.yahoo.com

Verra Mobility (NASDAQ:VRRM) shareholders have earned a 24% CAGR over the last three years

July 21, 2023 | msn.com

Baird Maintains Verra Mobility Corp - (VRRM) Neutral Recommendation

July 19, 2023 | finance.yahoo.com

Verra Mobility Appoints Katrina Sevier as Chief People Officer

July 17, 2023 | finance.yahoo.com

Warning! 3 Overbought Stocks to Unload Before It’s Too Late.

June 30, 2023 | finance.yahoo.com

Estimating The Intrinsic Value Of Verra Mobility Corporation (NASDAQ:VRRM)

June 23, 2023 | finance.yahoo.com

Tourlite Capital: “Verra (VRRM) was Well-Positioned Coming Into the Year

June 21, 2023 | cnbc.com

Verra Mobility CEO David Roberts goes one-on-one with Jim Cramer

June 15, 2023 | forbes.com

Verra Mobility

June 15, 2023 | msn.com

Verra Mobility: An Underappreciated Compounder

June 10, 2023 | finance.yahoo.com

Can Verra Mobility Corporation (NASDAQ:VRRM) Maintain Its Strong Returns?

June 8, 2023 | finance.yahoo.com

Should You Consider Adding Verra Mobility Corporation (VRRM) to Your Portfolio?

See More Headlines

Receive VRRM Stock News and Ratings via Email

Sign-up to receive the latest news and ratings for Verra Mobility and its competitors with MarketBeat's FREE daily newsletter.

VRRM Company Calendar

Last Earnings: 8/09/2023
Today: 10/01/2023
Next Earnings (Estimated): 11/01/2023
Fiscal Year End: 12/31/2023

Get Stock Alerts

Industry, Sector and Symbol

Stock Exchange: NASDAQ
Industry: Transportation services
Sub-Industry: N/A
Sector: Industrial Products
Current Symbol: NASDAQ:VRRM
CUSIP: N/A
CIK: 1682745
Web: www.verramobility.com
Phone: (480) 443-7000
Fax: 310-209-3310
Employees: 1,570
Year Founded: N/A

Price Target and Rating

Average Stock Price Forecast: $20.00
High Stock Price Forecast: $22.00
Low Stock Price Forecast: $18.00
Forecasted Upside/Downside: +7.0%
Consensus Rating: Moderate Buy
Rating Score (0-4): 2.50
Research Coverage: 4 Analysts

Profitability

EPS (Most Recent Fiscal Year): $0.44
Trailing P/E Ratio: 42.50
Forward P/E Ratio: 18.89
P/E Growth: 1.85
Net Income: $92.47 million
Net Margins: 9.80%
Pretax Margin: 14.36%
Return on Equity: 54.50%
Return on Assets: 8.67%

Debt

Debt-to-Equity Ratio: 2.43
Current Ratio: 3.00
Quick Ratio: 2.89

Sales & Book Value

Annual Sales: $741.60 million
Price / Sales: 4.28
Cash Flow: $1.96 per share
Price / Cash Flow: 9.52
Book Value: $1.55 per share
Price / Book: 12.06

Miscellaneous

Outstanding Shares: 169,670,000
Free Float: 167,940,000
Market Cap: $3.17 billion
Optionable: Not Optionable
Beta: 1.23

7 Energy Stocks to Buy and Hold Forever

Do you expect the global demand for energy to shrink?! If not, it's time to take a look at how energy stocks can play a part in your portfolio.

Get This Free Report

Key Executives

Mr. David Martin Roberts (Age 52)
Pres, CEO & Director
Comp: $1.25M

Mr. Craig C. Conti (Age 45)
Exec. VP & CFO
Comp: $1.06M

Mr. Steven C. Lalla (Age 60)
Exec. VP of Commercial Services
Comp: $897.02k

Mr. Jonathan Baldwin (Age 48)
Exec. VP of Gov. Solutions
Comp: $568k

Mr. Norman P. Blake III (Age 49)
Pres of T2 Systems
Comp: $543.91k

Mr. Jason Rivera
Chief Technology Officer

Mr. Mark Zindler
VP of Investor Relations

Mr. Jon Keyser (Age 41)
Exec. VP & Chief Legal Officer

Mr. Mike McMillin
VP of Corp. Devel. & Strategy

Ms. Katrina Kerr Sevier
Chief People Officer

Key Competitors

View All Competitors

Insiders & Institutions

View All Insider Transactions
View All Institutional Transactions

VRRM Stock - Frequently Asked Questions

Should I buy or sell Verra Mobility stock right now?: 4 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Verra Mobility in the last year. There are currently 2 hold ratings and 2 buy ratings for the stock. The consensus among Wall Street analysts is that investors should "moderate buy" VRRM shares.
View VRRM analyst ratings or view top-rated stocks.
What is Verra Mobility's stock price forecast for 2023?: 4 brokerages have issued 1 year target prices for Verra Mobility's shares. Their VRRM share price forecasts range from $18.00 to $22.00. On average, they predict the company's share price to reach $20.00 in the next year. This suggests a possible upside of 7.0% from the stock's current price.
View analysts price targets for VRRM or view top-rated stocks among Wall Street analysts.
How have VRRM shares performed in 2023?: Verra Mobility's stock was trading at $13.83 at the start of the year. Since then, VRRM stock has increased by 35.2% and is now trading at $18.70.
View the best growth stocks for 2023 here.
Are investors shorting Verra Mobility?: Verra Mobility saw a increase in short interest during the month of September. As of September 15th, there was short interest totaling 7,620,000 shares, an increase of 97.4% from the August 31st total of 3,860,000 shares. Based on an average daily trading volume, of 1,480,000 shares, the days-to-cover ratio is presently 5.1 days. Currently, 4.8% of the company's stock are short sold.
View Verra Mobility's Short Interest.
When is Verra Mobility's next earnings date?: The company is scheduled to release its next quarterly earnings announcement on Wednesday, November 1st 2023.
View our VRRM earnings forecast.
How were Verra Mobility's earnings last quarter?: Verra Mobility Co. (NASDAQ:VRRM) announced its quarterly earnings results on Wednesday, August, 9th. The company reported $0.27 EPS for the quarter, topping analysts' consensus estimates of $0.24 by $0.03. The business earned $204.46 million during the quarter, compared to the consensus estimate of $199.08 million. Verra Mobility had a trailing twelve-month return on equity of 54.50% and a net margin of 9.80%.
What ETFs hold Verra Mobility's stock?: ETFs with the largest weight of Verra Mobility (NASDAQ:VRRM) stock in their portfolio include Putnam Sustainable Future ETF (PFUT), Invesco S&P SmallCap Industrials ETF (PSCI), Pacer US Small Cap Cash Cows Growth Leaders ETF (CAFG), Invesco S&P SmallCap 600 Pure Growth ETF (RZG), First Trust Small Cap Growth AlphaDEX Fund (FYC), iShares S&P Small-Cap 600 Growth ETF (IJT), SPDR S&P 600 Small Cap Growth ETF (SLYG) and Vanguard S&P Small-Cap 600 Growth ETF (VIOG).

What guidance has Verra Mobility issued on next quarter's earnings?: Verra Mobility issued an update on its FY23 earnings guidance on Wednesday, August, 9th. The company provided EPS guidance of $1.00-$1.10 for the period, compared to the consensus EPS estimate of $1.08. The company issued revenue guidance of $800-$810 million, compared to the consensus revenue estimate of $792.83 million.
What other stocks do shareholders of Verra Mobility own?: Based on aggregate information from My MarketBeat watchlists, some companies that other Verra Mobility investors own include Inseego (INSG), iCAD (ICAD), Marvell Technology (MRVL), Aptiv (APTV), Invitae (NVTA), Akoustis Technologies (AKTS), JD.com (JD), Micron Technology (MU), NVIDIA (NVDA) and CRISPR Therapeutics (CRSP).
What is Verra Mobility's stock symbol?: Verra Mobility trades on the NASDAQ under the ticker symbol "VRRM."
How do I buy shares of Verra Mobility?: Shares of VRRM stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
Compare Top Brokerages Here.
What is Verra Mobility's stock price today?: One share of VRRM stock can currently be purchased for approximately $18.70.
How much money does Verra Mobility make?: Verra Mobility (NASDAQ:VRRM) has a market capitalization of $3.17 billion and generates $741.60 million in revenue each year. The company earns $92.47 million in net income (profit) each year or $0.44 on an earnings per share basis.
How many employees does Verra Mobility have?: The company employs 1,570 workers across the globe.
How can I contact Verra Mobility?: Verra Mobility's mailing address is 1150 NORTH ALMA SCHOOL ROAD, MESA AZ, 85201. The official website for the company is www.verramobility.com. The company can be reached via phone at (480) 443-7000, via email at ir@verramobility.com, or via fax at 310-209-3310.

This page (NASDAQ:VRRM) was last updated on 10/1/2023 by MarketBeat.com Staff

Get 30 Days of MarketBeat All Access Free

Best-in-Class Portfolio Monitoring
View the latest news, buy/sell ratings, SEC filings and insider transactions for your stocks. Compare your portfolio performance to leading indices and get personalized stock ideas based on your portfolio.
Stock Ideas and Recommendations
Get daily stock ideas from top-performing Wall Street analysts. Get short term trading ideas from the MarketBeat Idea Engine. View which stocks are hot on social media with MarketBeat's trending stocks report.
Advanced Stock Screeners and Research Tools
Identify stocks that meet your criteria using seven unique stock screeners. See what's happening in the market right now with MarketBeat's real-time news feed. Export data to Excel for your own analysis.

Start Your 30-Day Free Trial