Verra Mobility - VRRM Stock Forecast, Price & News

4 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Verra Mobility in the last year. There are currently 3 hold ratings and 1 buy rating for the stock. The consensus among Wall Street analysts is that investors should "hold" VRRM shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in VRRM, but not buy additional shares or sell existing shares.
View VRRM analyst ratings or view top-rated stocks.

4 equities research analysts have issued 1-year price objectives for Verra Mobility's stock. Their VRRM share price forecasts range from $16.00 to $21.00. On average, they anticipate the company's share price to reach $18.50 in the next twelve months. This suggests a possible upside of 8.8% from the stock's current price.
View analysts price targets for VRRM or view top-rated stocks among Wall Street analysts.

Verra Mobility's stock was trading at $13.83 on January 1st, 2023. Since then, VRRM shares have increased by 23.0% and is now trading at $17.01.
View the best growth stocks for 2023 here.

The company is scheduled to release its next quarterly earnings announcement on Monday, May 8th 2023.
View our VRRM earnings forecast.

Verra Mobility Co. (NASDAQ:VRRM) released its quarterly earnings results on Wednesday, March, 1st. The company reported $0.22 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.20 by $0.02. The company earned $186.07 million during the quarter, compared to analysts' expectations of $184.79 million. Verra Mobility had a net margin of 12.47% and a trailing twelve-month return on equity of 62.78%. The business's revenue was up 9.5% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.23 earnings per share.

ETFs with the largest weight of Verra Mobility (NASDAQ:VRRM) stock in their portfolio include BlackRock Future Financial and Technology ETF (BPAY), Invesco S&P SmallCap Information Technology ETF (PSCT), SPDR S&P Kensho Intelligent Structures ETF (SIMS), Putnam Sustainable Future ETF (PFUT), Nuveen Small Cap Select ETF (NSCS), Invesco S&P SmallCap 600 Pure Growth ETF (RZG), iShares MSCI USA Small-Cap Min Vol Factor ETF (SMMV) and SPDR S&P 600 Small Cap Growth ETF (SLYG).

Verra Mobility issued an update on its FY 2023 earnings guidance on Wednesday, March, 1st. The company provided earnings per share (EPS) guidance of $1.00-$1.10 for the period, compared to the consensus estimate of $1.04. The company issued revenue guidance of $780.00 million-$800.00 million, compared to the consensus revenue estimate of $776.78 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 many different institutional and retail investors. Top institutional shareholders include Mackenzie Financial Corp (4.31%), William Blair Investment Management LLC (3.42%), Cardinal Capital Management LLC CT (2.76%), Handelsbanken Fonder AB (2.36%), Blue Grotto Capital LLC (2.12%) and Geode Capital Management LLC (1.75%). Insiders that own company stock include David Martin Roberts, Patricia Chiodo, Platinum Equity Llc and Rebecca Collins.
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.
Compare Top Brokerages Here.

One share of VRRM stock can currently be purchased for approximately $17.01.

Verra Mobility (NASDAQ:VRRM) has a market capitalization of $2.53 billion and generates $741.60 million in revenue each year. The company earns $92.47 million in net income (profit) each year or $0.49 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.