Verra Mobility (NASDAQ:VRRM) Sets New 12-Month Low – Time to Sell?

Verra Mobility Corp (NASDAQ:VRRM)’s share price reached a new 52-week low on Wednesday . The stock traded as low as $14.76 and last traded at $14.85, with a volume of 1601307 shares. The stock had previously closed at $14.89.

Analyst Upgrades and Downgrades

Several equities research analysts recently issued reports on the stock. Wall Street Zen downgraded shares of Verra Mobility from a “strong-buy” rating to a “hold” rating in a research note on Saturday, February 28th. JPMorgan Chase & Co. lowered their price target on Verra Mobility from $24.00 to $21.00 and set a “neutral” rating on the stock in a research report on Monday, March 9th. Morgan Stanley dropped their price objective on Verra Mobility from $24.00 to $20.00 and set an “equal weight” rating on the stock in a research note on Wednesday, February 25th. Robert W. Baird set a $24.00 price objective on Verra Mobility in a research report on Wednesday, February 25th. Finally, Weiss Ratings reiterated a “hold (c)” rating on shares of Verra Mobility in a research note on Monday, December 29th. Two equities research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Hold” and an average target price of $24.00.

Verra Mobility Trading Down 0.3%

The business has a fifty day moving average price of $18.95 and a 200-day moving average price of $21.71. The company has a quick ratio of 2.00, a current ratio of 2.10 and a debt-to-equity ratio of 3.49. The company has a market cap of $2.25 billion, a P/E ratio of 17.47, a PEG ratio of 2.42 and a beta of 0.60.

Verra Mobility (NASDAQ:VRRM) last announced its earnings results on Tuesday, February 24th. The company reported $0.30 earnings per share for the quarter, missing analysts’ consensus estimates of $0.32 by ($0.02). The firm had revenue of $257.86 million for the quarter, compared to the consensus estimate of $241.17 million. Verra Mobility had a return on equity of 57.45% and a net margin of 13.95%.Verra Mobility’s revenue for the quarter was up 16.4% on a year-over-year basis. During the same quarter last year, the business posted $0.33 EPS. Verra Mobility has set its FY 2026 guidance at 1.320-1.380 EPS. On average, analysts forecast that Verra Mobility Corp will post 1.08 earnings per share for the current year.

Institutional Investors Weigh In On Verra Mobility

A number of hedge funds and other institutional investors have recently modified their holdings of VRRM. Royal Bank of Canada increased its position in Verra Mobility by 14.3% during the first quarter. Royal Bank of Canada now owns 148,464 shares of the company’s stock worth $3,342,000 after acquiring an additional 18,562 shares during the period. AQR Capital Management LLC boosted its holdings in Verra Mobility by 21.7% in the 1st quarter. AQR Capital Management LLC now owns 34,501 shares of the company’s stock valued at $777,000 after purchasing an additional 6,153 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its holdings in Verra Mobility by 4.6% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 98,120 shares of the company’s stock valued at $2,209,000 after purchasing an additional 4,302 shares during the period. Millennium Management LLC grew its position in shares of Verra Mobility by 208.0% during the 1st quarter. Millennium Management LLC now owns 375,421 shares of the company’s stock worth $8,451,000 after purchasing an additional 253,529 shares in the last quarter. Finally, Goldman Sachs Group Inc. grew its position in shares of Verra Mobility by 33.0% during the 1st quarter. Goldman Sachs Group Inc. now owns 1,182,297 shares of the company’s stock worth $26,614,000 after purchasing an additional 293,082 shares in 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.