Verra Mobility (NASDAQ:VRRM) Hits New 52-Week Low – Here’s What Happened

Shares of Verra Mobility Corp (NASDAQ:VRRM) reached a new 52-week low during mid-day trading on Wednesday . The stock traded as low as $13.01 and last traded at $13.0570, with a volume of 922934 shares changing hands. The stock had previously closed at $13.57.

Analysts Set New Price Targets

A number of analysts have recently commented on VRRM shares. Deutsche Bank Aktiengesellschaft reissued a “buy” rating and issued a $22.00 price target on shares of Verra Mobility in a research report on Thursday, May 7th. Morgan Stanley set a $15.00 price objective on Verra Mobility in a research note on Thursday, May 7th. Weiss Ratings downgraded Verra Mobility from a “hold (c-)” rating to a “sell (d+)” rating in a report on Monday, May 4th. Wall Street Zen downgraded Verra Mobility from a “buy” rating to a “hold” rating in a report on Saturday, May 9th. Finally, Robert W. Baird set a $20.00 price target on Verra Mobility in a research report on Friday, May 8th. Three equities research analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, Verra Mobility has an average rating of “Hold” and a consensus price target of $21.00.

Verra Mobility Stock Performance

The company has a market capitalization of $2.00 billion, a PE ratio of 16.06, a price-to-earnings-growth ratio of 2.69 and a beta of 0.67. The company has a current ratio of 1.89, a quick ratio of 1.77 and a debt-to-equity ratio of 3.76. The business’s fifty day moving average is $14.81 and its two-hundred day moving average is $18.95.

Verra Mobility (NASDAQ:VRRM) last issued its earnings results on Wednesday, May 6th. The company reported $0.25 EPS for the quarter, meeting the consensus estimate of $0.25. Verra Mobility had a return on equity of 55.59% and a net margin of 13.38%.The business had revenue of $223.57 million for the quarter, compared to the consensus estimate of $223.34 million. During the same period last year, the business posted $0.30 EPS. The company’s revenue was up .1% compared to the same quarter last year. Verra Mobility has set its FY 2026 guidance at 1.320-1.380 EPS. Equities research analysts predict that Verra Mobility Corp will post 1.23 earnings per share for the current year.

Hedge Funds Weigh In On Verra Mobility

A number of hedge funds have recently bought and sold shares of VRRM. Punch & Associates Investment Management Inc. lifted its stake in Verra Mobility by 1.7% during the 1st quarter. Punch & Associates Investment Management Inc. now owns 1,147,170 shares of the company’s stock valued at $16,393,000 after acquiring an additional 19,610 shares during the period. Entropy Technologies LP bought a new position in Verra Mobility during the first quarter valued at approximately $242,000. Public Employees Retirement System of Ohio lifted its position in Verra Mobility by 10.4% during the first quarter. Public Employees Retirement System of Ohio now owns 281,160 shares of the company’s stock valued at $4,018,000 after purchasing an additional 26,488 shares during the period. Aristides Capital LLC boosted its holdings in Verra Mobility by 37.7% in the first quarter. Aristides Capital LLC now owns 13,105 shares of the company’s stock worth $187,000 after purchasing an additional 3,586 shares during the last quarter. Finally, Arrowstreet Capital Limited Partnership boosted its holdings in Verra Mobility by 206.3% in the first quarter. Arrowstreet Capital Limited Partnership now owns 935,021 shares of the company’s stock worth $13,361,000 after purchasing an additional 629,754 shares during the last quarter.

Verra Mobility Company Profile

Verra Mobility, traded on the Nasdaq under the ticker VRRM, is a leading provider of smart mobility solutions designed to improve safety, efficiency and compliance for transportation authorities and commercial fleets. The company develops and operates automated traffic enforcement systems, toll and violation management platforms, and connected-vehicle services. Through its technology offerings, Verra Mobility helps public agencies enhance road safety, reduce congestion and streamline revenue collection for tolling and parking.

Verra Mobility’s core products include red-light and speed-camera enforcement programs, license plate recognition systems, and cloud-based violation processing software.