Verra Mobility (VRRM) Stock Forecast, Price & News

4 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Verra Mobility in the last twelve months. There are currently 2 hold ratings and 2 buy ratings for the stock. The consensus among Wall Street research analysts is that investors should "moderate buy" VRRM shares.
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4 brokerages have issued 1 year target prices for Verra Mobility's stock. Their VRRM share price forecasts range from $18.00 to $22.00. On average, they anticipate the company's stock price to reach $20.00 in the next twelve months. This suggests a possible upside of 6.5% from the stock's current price.
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Verra Mobility's stock was trading at $13.83 at the beginning of the year. Since then, VRRM stock has increased by 35.8% and is now trading at $18.78.
View the best growth stocks for 2023 here.

Verra Mobility saw a increase in short interest in 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 short-interest ratio is currently 5.1 days. Currently, 4.8% of the shares of the stock are sold short.
View Verra Mobility's Short Interest.

The company is scheduled to release its next quarterly earnings announcement on Wednesday, November 1st 2023.
View our VRRM earnings forecast.

Verra Mobility Co. (NASDAQ:VRRM) released its quarterly earnings results on Wednesday, August, 9th. The company reported $0.27 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.24 by $0.03. The company earned $204.46 million during the quarter, compared to analysts' expectations of $199.08 million. Verra Mobility had a net margin of 9.80% and a trailing twelve-month return on equity of 54.50%.

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).

Verra Mobility updated 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.

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).

Verra Mobility trades on the NASDAQ under the ticker symbol "VRRM."

Verra Mobility's stock is owned by a variety of retail and institutional investors. Top institutional investors include BlackRock Inc. (14.08%), Darlington Partners Capital Management LP (6.00%), Mackenzie Financial Corp (4.20%), State Street Corp (3.12%), William Blair Investment Management LLC (3.07%) and Handelsbanken Fonder AB (2.62%). Insiders that own company stock include Craig C Conti, David Martin Roberts, Patricia Chiodo, Platinum Equity Llc, Rebecca Collins and Steve Lalla.
View institutional ownership trends.

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.
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One share of VRRM stock can currently be purchased for approximately $18.78.

Verra Mobility (NASDAQ:VRRM) has a market capitalization of $3.19 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.

The company employs 1,570 workers across the globe.

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.