Verra Mobility Corp (NASDAQ:VRRM) Receives $27.88 Consensus Target Price from Analysts

Shares of Verra Mobility Corp (NASDAQ:VRRM) have been given an average rating of “Buy” by the five brokerages that are currently covering the stock, Marketbeat Ratings reports. One equities research analyst has rated the stock with a hold rating, three have issued a buy rating and one has assigned a strong buy rating to the company. The average 12-month price objective among analysts that have covered the stock in the last year is $27.8750.

VRRM has been the subject of a number of recent analyst reports. Wall Street Zen cut Verra Mobility from a “strong-buy” rating to a “buy” rating in a research report on Saturday, July 26th. Robert W. Baird upped their target price on Verra Mobility from $28.00 to $30.00 and gave the company an “outperform” rating in a research note on Thursday, August 21st.

Institutional Trading of Verra Mobility

Large investors have recently bought and sold shares of the stock. Farther Finance Advisors LLC increased its stake in shares of Verra Mobility by 46.6% in the second quarter. Farther Finance Advisors LLC now owns 1,447 shares of the company’s stock valued at $37,000 after buying an additional 460 shares in the last quarter. EverSource Wealth Advisors LLC boosted its position in shares of Verra Mobility by 439.4% during the second quarter. EverSource Wealth Advisors LLC now owns 1,494 shares of the company’s stock worth $38,000 after purchasing an additional 1,217 shares in the last quarter. CWM LLC raised 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 worth $38,000 after purchasing an additional 798 shares during the period. Caitong International Asset Management Co. Ltd grew its position 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 purchasing an additional 1,773 shares during the period. Finally, Osaic Holdings Inc. grew its position 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 purchasing an additional 2,255 shares during the period.

Verra Mobility Trading Up 1.1%

Shares of NASDAQ VRRM opened at $24.76 on Thursday. The stock has a market cap of $3.95 billion, a price-to-earnings ratio of 103.17, a PEG ratio of 2.86 and a beta of 0.80. The company has a debt-to-equity ratio of 2.93, a quick ratio of 2.21 and a current ratio of 2.28. The business has a 50 day simple moving average of $24.63 and a 200 day simple moving average of $23.74. Verra Mobility has a 52 week low of $19.51 and a 52 week high of $28.06.

Verra Mobility (NASDAQ:VRRM) last announced its earnings results on Wednesday, August 6th. The company reported $0.34 earnings per share (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 analysts’ expectations 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% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.31 earnings per share. On average, research analysts predict that Verra Mobility will post 1.08 earnings per share for the current fiscal year.

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.