Verra Mobility (NASDAQ:VRRM) Upgraded at Wall Street Zen

Wall Street Zen upgraded shares of Verra Mobility (NASDAQ:VRRM) from a buy rating to a strong-buy rating in a research note issued to investors on Saturday.

A number of other research analysts have also weighed in on the company. UBS Group increased their price target on Verra Mobility from $29.00 to $31.00 and gave the stock a “buy” rating in a research note on Thursday, October 30th. Weiss Ratings reiterated a “hold (c-)” rating on shares of Verra Mobility in a research report on Monday, December 8th. One analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating and two have assigned a Hold rating to the stock. According to MarketBeat, Verra Mobility has a consensus rating of “Moderate Buy” and a consensus target price of $28.00.

Verra Mobility Price Performance

Verra Mobility stock opened at $22.50 on Friday. The stock has a market capitalization of $3.59 billion, a P/E ratio of 70.31, a P/E/G ratio of 3.63 and a beta of 0.62. Verra Mobility has a 12-month low of $19.51 and a 12-month high of $27.20. The company has a debt-to-equity ratio of 2.55, a current ratio of 2.45 and a quick ratio of 2.35. The firm’s 50-day moving average is $22.65 and its two-hundred day moving average is $23.93.

Verra Mobility (NASDAQ:VRRM) last posted its quarterly earnings data on Wednesday, October 29th. The company reported $0.37 earnings per share for the quarter, beating analysts’ consensus estimates of $0.34 by $0.03. Verra Mobility had a net margin of 5.42% and a return on equity of 60.72%. The business had revenue of $261.94 million during the quarter, compared to analyst estimates of $237.68 million. During the same quarter in the previous year, the business posted $0.32 earnings per share. The company’s revenue was up 16.1% on a year-over-year basis. Verra Mobility has set its FY 2025 guidance at 1.300-1.350 EPS. Equities analysts predict that Verra Mobility will post 1.08 earnings per share for the current year.

Institutional Investors Weigh In On Verra Mobility

Institutional investors have recently added to or reduced their stakes in the company. Nuveen LLC purchased a new position in shares of Verra Mobility in the 1st quarter worth about $10,209,000. HighTower Advisors LLC increased its position in Verra Mobility by 7.9% during the 1st quarter. HighTower Advisors LLC now owns 12,433 shares of the company’s stock worth $280,000 after purchasing an additional 911 shares in the last quarter. Russell Investments Group Ltd. raised its holdings in Verra Mobility by 115.9% in the first quarter. Russell Investments Group Ltd. now owns 138,818 shares of the company’s stock valued at $3,125,000 after buying an additional 74,513 shares during the period. Northern Trust Corp raised its holdings in Verra Mobility by 3.5% in the first quarter. Northern Trust Corp now owns 2,426,306 shares of the company’s stock valued at $54,616,000 after buying an additional 83,168 shares during the period. Finally, Quantbot Technologies LP acquired a new position in Verra Mobility during the first quarter valued at approximately $226,000.

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.