Verra Mobility Corp (NASDAQ:VRRM) Receives $28.00 Average PT from Brokerages

Verra Mobility Corp (NASDAQ:VRRM) has earned a consensus rating of “Moderate Buy” from the five ratings firms that are currently covering the firm, Marketbeat.com reports. Two investment analysts have rated the stock with a hold recommendation, two have given a buy recommendation and one has issued a strong buy recommendation on the company. The average 1-year target price among brokerages that have issued ratings on the stock in the last year is $28.00.

Several analysts recently issued reports on the company. Weiss Ratings reiterated a “hold (c)” rating on shares of Verra Mobility in a research report on Monday, December 29th. UBS Group upped 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. Finally, Wall Street Zen raised shares of Verra Mobility from a “buy” rating to a “strong-buy” rating in a report on Saturday, December 20th.

Institutional Trading of Verra Mobility

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Rothschild Investment LLC lifted its position in shares of Verra Mobility by 238.3% in the third quarter. Rothschild Investment LLC now owns 1,167 shares of the company’s stock worth $29,000 after buying an additional 822 shares in the last quarter. Farther Finance Advisors LLC grew its holdings in Verra Mobility by 46.6% during the 2nd quarter. Farther Finance Advisors LLC now owns 1,447 shares of the company’s stock valued at $37,000 after buying an additional 460 shares in the last quarter. EverSource Wealth Advisors LLC increased its stake in 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 acquiring an additional 1,217 shares during the last quarter. CWM LLC raised its holdings in shares of Verra Mobility by 112.2% during the 2nd quarter. CWM LLC now owns 1,509 shares of the company’s stock worth $38,000 after acquiring an additional 798 shares in the last quarter. Finally, Neo Ivy Capital Management purchased a new stake in shares of Verra Mobility during the 3rd quarter worth approximately $60,000.

Verra Mobility Stock Performance

Shares of NASDAQ VRRM opened at $22.48 on Friday. The stock has a market cap of $3.59 billion, a PE ratio of 70.25, a price-to-earnings-growth ratio of 3.54 and a beta of 0.60. Verra Mobility has a 1 year low of $19.51 and a 1 year high of $27.20. The firm has a fifty day moving average price of $22.27 and a 200-day moving average price of $23.81. The company has a debt-to-equity ratio of 2.55, a current ratio of 2.45 and a quick ratio of 2.35.

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

About Verra Mobility

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.