Verra Mobility Corp (NASDAQ:VRRM) Receives $6.83 Consensus Target Price from Analysts

Verra Mobility Corp (NASDAQ:VRRMGet Free Report) has earned a consensus recommendation of “Reduce” from the ten analysts that are covering the stock, MarketBeat Ratings reports. Three equities research analysts have rated the stock with a sell rating and seven have issued a hold rating on the company. The average 1-year target price among analysts that have covered the stock in the last year is $6.8333.

Several equities research analysts have recently issued reports on VRRM shares. Morgan Stanley set a $4.00 price objective on Verra Mobility in a report on Wednesday, May 27th. Zacks Research downgraded Verra Mobility from a “hold” rating to a “strong sell” rating in a research report on Monday, June 1st. CJS Securities lowered Verra Mobility from a “market outperform” rating to a “market perform” rating and set a $10.00 price target on the stock. in a research note on Wednesday, May 27th. JPMorgan Chase & Co. restated an “underweight” rating and issued a $8.00 price target (down from $17.00) on shares of Verra Mobility in a report on Wednesday, May 27th. Finally, William Blair downgraded shares of Verra Mobility from an “outperform” rating to a “market perform” rating in a research note on Wednesday, May 27th.

View Our Latest Stock Report on Verra Mobility

Verra Mobility Stock Performance

NASDAQ:VRRM opened at $4.22 on Friday. The firm’s fifty day simple moving average is $9.09 and its 200-day simple moving average is $15.17. The company has a quick ratio of 1.77, a current ratio of 1.89 and a debt-to-equity ratio of 3.76. The stock has a market cap of $641.06 million, a PE ratio of 5.15 and a beta of 0.43. Verra Mobility has a fifty-two week low of $3.40 and a fifty-two week high of $25.73.

Verra Mobility (NASDAQ:VRRMGet Free Report) last released its quarterly earnings results on Wednesday, May 6th. The company reported $0.25 earnings per share for the quarter, hitting analysts’ consensus estimates 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 analysts’ expectations of $223.34 million. During the same quarter in the prior year, the firm 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. Analysts expect that Verra Mobility will post 1.08 earnings per share for the current fiscal year.

Verra Mobility News Roundup

Here are the key news stories impacting Verra Mobility this week:

Institutional Trading of Verra Mobility

A number of institutional investors and hedge funds have recently bought and sold shares of the business. Wellington Management Group LLP raised its holdings in shares of Verra Mobility by 4.9% during the 4th quarter. Wellington Management Group LLP now owns 7,059,237 shares of the company’s stock valued at $158,198,000 after buying an additional 329,264 shares during the period. Morgan Stanley boosted its holdings in Verra Mobility by 44.8% in the 4th quarter. Morgan Stanley now owns 4,194,005 shares of the company’s stock worth $93,988,000 after acquiring an additional 1,296,602 shares during the period. William Blair Investment Management LLC grew its position in Verra Mobility by 34.7% in the third quarter. William Blair Investment Management LLC now owns 3,479,448 shares of the company’s stock valued at $85,942,000 after acquiring an additional 896,564 shares in the last quarter. Dimensional Fund Advisors LP grew its position in Verra Mobility by 0.7% in the fourth quarter. Dimensional Fund Advisors LP now owns 3,316,850 shares of the company’s stock valued at $74,333,000 after acquiring an additional 24,682 shares in the last quarter. Finally, Norges Bank purchased a new stake in shares of Verra Mobility during the fourth quarter valued at approximately $68,608,000.

About Verra Mobility

(Get Free Report)

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.

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Analyst Recommendations for Verra Mobility (NASDAQ:VRRM)

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