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

Shares of Verra Mobility Corp (NASDAQ:VRRM) have been assigned an average recommendation of “Moderate Buy” from the six analysts that are currently covering the stock, MarketBeat Ratings reports. Two research analysts have rated the stock with a hold rating, three have issued a buy rating and one has given a strong buy rating to the company. The average 12 month price objective among brokers that have issued ratings on the stock in the last year is $27.8750.

A number of research analysts have weighed in on VRRM shares. Weiss Ratings reissued a “hold (c-)” rating on shares of Verra Mobility in a research note on Friday. Wall Street Zen lowered Verra Mobility from a “strong-buy” rating to a “buy” rating in a research note on Saturday, July 26th. Finally, Robert W. Baird increased their target price on Verra Mobility from $28.00 to $30.00 and gave the stock an “outperform” rating in a research report on Thursday, August 21st.

Verra Mobility Trading Down 2.9%

Shares of Verra Mobility stock opened at $23.95 on Monday. Verra Mobility has a fifty-two week low of $19.51 and a fifty-two week high of $27.20. The firm has a market cap of $3.82 billion, a PE ratio of 99.80, a P/E/G ratio of 2.80 and a beta of 0.77. The business’s fifty day moving average is $24.47 and its two-hundred day moving average is $24.10. The company has a quick ratio of 2.21, a current ratio of 2.28 and a debt-to-equity ratio of 2.93.

Verra Mobility (NASDAQ:VRRM) last issued its quarterly earnings results on Wednesday, August 6th. The company reported $0.34 earnings per share for the quarter, topping analysts’ consensus estimates of $0.33 by $0.01. Verra Mobility had a return on equity of 55.14% and a net margin of 4.30%.The company had revenue of $236.03 million for the quarter, compared to analyst estimates of $232.78 million. During the same quarter in the prior year, the company posted $0.31 EPS. The business’s revenue for the quarter was up 6.1% compared to the same quarter last year. Analysts anticipate that Verra Mobility will post 1.08 earnings per share for the current year.

Institutional Inflows and Outflows

Several large investors have recently made changes to their positions in VRRM. Farther Finance Advisors LLC raised its position 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 worth $37,000 after buying an additional 460 shares during the period. CWM LLC raised its position in shares of Verra Mobility by 112.2% in the 2nd quarter. CWM LLC now owns 1,509 shares of the company’s stock worth $38,000 after buying an additional 798 shares during the period. EverSource Wealth Advisors LLC raised its position 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 worth $38,000 after buying an additional 1,217 shares during the period. Caitong International Asset Management Co. Ltd raised 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 worth $40,000 after buying an additional 1,773 shares during the period. Finally, Osaic Holdings Inc. raised 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 worth $72,000 after buying an additional 2,255 shares during the period.

Verra Mobility Company Profile

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.