Brokerages Set Verra Mobility Corp (NASDAQ:VRRM) Target Price at $7.17

Verra Mobility Corp (NASDAQ:VRRM) has been assigned a consensus recommendation of “Reduce” from the ten research firms that are currently covering the company, MarketBeat.com reports. Three equities research analysts have rated the stock with a sell recommendation and seven have issued a hold recommendation on the company. The average 12-month price objective among brokerages that have issued ratings on the stock in the last year is $6.8333.

VRRM has been the topic of a number of recent analyst reports. Northcoast Research reaffirmed a “neutral” rating on shares of Verra Mobility in a research note on Wednesday, May 27th. Robert W. Baird cut their price target on shares of Verra Mobility from $8.00 to $6.00 and set a “neutral” rating on the stock in a research note on Tuesday. William Blair downgraded shares of Verra Mobility from an “outperform” rating to a “market perform” rating in a research note on Wednesday, May 27th. Wall Street Zen downgraded shares of Verra Mobility from a “buy” rating to a “hold” rating in a research note on Saturday, May 9th. Finally, Zacks Research downgraded shares of Verra Mobility from a “hold” rating to a “strong sell” rating in a research note on Monday.

Hedge Funds Weigh In On Verra Mobility

Hedge funds have recently made changes to their positions in the business. Bank of America Corp DE increased its stake in Verra Mobility by 34.4% during the 1st quarter. Bank of America Corp DE now owns 1,576,119 shares of the company’s stock worth $22,523,000 after buying an additional 403,638 shares during the period. Edgestream Partners L.P. increased its stake in Verra Mobility by 41.5% during the 1st quarter. Edgestream Partners L.P. now owns 818,595 shares of the company’s stock worth $11,698,000 after buying an additional 240,163 shares during the period. Amundi increased its stake in Verra Mobility by 39.0% during the 1st quarter. Amundi now owns 36,773 shares of the company’s stock worth $525,000 after buying an additional 10,319 shares during the period. California State Teachers Retirement System increased its stake in Verra Mobility by 28.4% during the 1st quarter. California State Teachers Retirement System now owns 192,168 shares of the company’s stock worth $2,746,000 after buying an additional 42,464 shares during the period. Finally, Hawk Ridge Capital Management LP purchased a new stake in Verra Mobility during the 1st quarter worth $6,390,000.

Verra Mobility Stock Up 4.4%

VRRM stock opened at $4.31 on Tuesday. The company’s 50 day simple moving average is $12.94 and its 200-day simple moving average is $17.46. The firm has a market capitalization of $654.73 million, a PE ratio of 5.26, a P/E/G ratio of 0.94 and a beta of 0.43. Verra Mobility has a 12 month low of $3.40 and a 12 month high of $25.83. The company has a debt-to-equity ratio of 3.76, a current ratio of 1.89 and a quick ratio of 1.77.

Verra Mobility (NASDAQ:VRRM) last released its quarterly earnings results on Wednesday, May 6th. The company reported $0.25 EPS for the quarter, meeting the consensus estimate of $0.25. Verra Mobility had a net margin of 13.38% and a return on equity of 55.59%. The business had revenue of $223.57 million for the quarter, compared to analyst estimates of $223.34 million. During the same period in the prior year, the business earned $0.30 earnings per share. The company’s quarterly revenue was up .1% on a year-over-year basis. Verra Mobility has set its FY 2026 guidance at 1.320-1.380 EPS. Equities analysts expect 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.