Verra Mobility Corp (NASDAQ:VRRM) Receives $24.00 Average Price Target from Analysts

Verra Mobility Corp (NASDAQ:VRRM) has been assigned a consensus rating of “Hold” from the five ratings firms that are covering the stock, Marketbeat reports. Three equities research analysts have rated the stock with a hold rating and two have given a buy rating to the company. The average 12-month target price among brokers that have issued a report on the stock in the last year is $24.00.

Several equities research analysts have recently commented on VRRM shares. JPMorgan Chase & Co. lowered their target price on Verra Mobility from $24.00 to $21.00 and set a “neutral” rating for the company in a research note on Monday, March 9th. Weiss Ratings reiterated a “hold (c)” rating on shares of Verra Mobility in a report on Monday, December 29th. Robert W. Baird set a $24.00 price objective on Verra Mobility in a research report on Wednesday, February 25th. Morgan Stanley dropped their price objective on Verra Mobility from $24.00 to $20.00 and set an “equal weight” rating for the company in a report on Wednesday, February 25th. Finally, Wall Street Zen downgraded shares of Verra Mobility from a “strong-buy” rating to a “hold” rating in a research report on Saturday, February 28th.

Verra Mobility Price Performance

Shares of VRRM stock opened at $14.34 on Thursday. Verra Mobility has a 1 year low of $14.31 and a 1 year high of $25.83. The company has a current ratio of 2.10, a quick ratio of 2.00 and a debt-to-equity ratio of 3.49. The firm’s 50 day moving average is $18.44 and its 200-day moving average is $21.52. The firm has a market capitalization of $2.17 billion, a price-to-earnings ratio of 16.87, a PEG ratio of 2.33 and a beta of 0.60.

Verra Mobility (NASDAQ:VRRM) last issued its quarterly 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). Verra Mobility had a net margin of 13.95% and a return on equity of 57.45%. The company had revenue of $257.86 million during the quarter, compared to analyst estimates of $241.17 million. During the same period in the prior year, the business earned $0.33 EPS. The business’s revenue for the quarter was up 16.4% on a year-over-year basis. Verra Mobility has set its FY 2026 guidance at 1.320-1.380 EPS. Sell-side analysts forecast that Verra Mobility will post 1.08 EPS for the current fiscal year.

Hedge Funds Weigh In On Verra Mobility

Several large investors have recently bought and sold shares of VRRM. Royal Bank of Canada grew its holdings in Verra Mobility by 14.3% during the 1st 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 lifted its stake in shares of 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 position in shares of 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 worth $2,209,000 after purchasing an additional 4,302 shares during the last quarter. Millennium Management LLC boosted its position in shares of Verra Mobility by 208.0% in 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 during the last quarter. Finally, Goldman Sachs Group Inc. grew its stake in shares of Verra Mobility by 33.0% during the first 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 during the period.

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.