Verra Mobility Corp (NASDAQ:VRRM) Director Platinum Equity Llc sold 2,250,000 shares of the stock in a transaction dated Monday, July 8th. The shares were sold at an average price of $12.13, for a total transaction of $27,292,500.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link.

Platinum Equity Llc also recently made the following trade(s):

  • On Monday, June 10th, Platinum Equity Llc sold 15,000,000 shares of Verra Mobility stock. The shares were sold at an average price of $12.13, for a total transaction of $181,950,000.00.

Shares of NASDAQ:VRRM opened at $13.67 on Friday. The stock’s 50 day simple moving average is $13.16. Verra Mobility Corp has a 12-month low of $9.00 and a 12-month high of $15.07. The firm has a market cap of $2.17 billion, a price-to-earnings ratio of -20.40 and a beta of 0.40. The company has a debt-to-equity ratio of 2.82, a quick ratio of 2.44 and a current ratio of 2.44.

Verra Mobility (NASDAQ:VRRM) last announced its earnings results on Monday, May 6th. The company reported $0.17 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.10 by $0.07. The business had revenue of $98.46 million for the quarter, compared to analyst estimates of $91.60 million. Analysts forecast that Verra Mobility Corp will post 0.8 earnings per share for the current fiscal year.

Several large investors have recently made changes to their positions in the business. Janus Henderson Group PLC grew its position in shares of Verra Mobility by 6.6% during the 1st quarter. Janus Henderson Group PLC now owns 55,269 shares of the company’s stock worth $658,000 after purchasing an additional 3,433 shares in the last quarter. Marshall Wace North America L.P. acquired a new position in shares of Verra Mobility during the 1st quarter worth approximately $90,000. United Services Automobile Association acquired a new position in shares of Verra Mobility during the 4th quarter worth approximately $112,000. Marshall Wace LLP grew its position in shares of Verra Mobility by 2.3% during the 1st quarter. Marshall Wace LLP now owns 1,299,494 shares of the company’s stock worth $15,464,000 after purchasing an additional 29,169 shares in the last quarter. Finally, Anderson Hoagland & Co. acquired a new position in shares of Verra Mobility during the 2nd quarter worth approximately $618,000. Hedge funds and other institutional investors own 42.01% of the company’s stock.

VRRM has been the topic of several research analyst reports. William Blair initiated coverage on shares of Verra Mobility in a report on Wednesday, April 24th. They issued an “outperform” rating and a $13.08 price target on the stock. BTIG Research initiated coverage on shares of Verra Mobility in a report on Wednesday, March 27th. They issued a “buy” rating and a $15.00 price target on the stock. Robert W. Baird set a $25.00 price target on shares of Actuant and gave the company a “buy” rating in a report on Thursday, June 27th. Zacks Investment Research cut shares of Yatra Online from a “hold” rating to a “sell” rating in a report on Saturday, July 6th. Finally, ValuEngine cut shares of Zogenix from a “strong-buy” rating to a “buy” rating in a report on Thursday, April 11th. One analyst has rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. Verra Mobility has an average rating of “Buy” and an average price target of $15.03.

About Verra Mobility

Verra Mobility Corporation provides smart mobility technology solutions and services in the United States, Canada, and Europe. It operates through two segments, Government Solutions and Commercial Services. The Government Solutions segment offers automated safety solutions, including services and technologies that enable photo enforcement through road safety camera programs related to red light, speed, school bus, and city bus lanes.

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