Verra Mobility (NASDAQ:VRRM) Sets New 1-Year Low – Here’s Why

Verra Mobility Corp (NASDAQ:VRRM)’s share price hit a new 52-week low on Tuesday . The stock traded as low as $14.17 and last traded at $14.24, with a volume of 1857617 shares. The stock had previously closed at $14.64.

Analyst Upgrades and Downgrades

Several equities research analysts recently commented on the company. Morgan Stanley cut their price target 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. Robert W. Baird set a $24.00 price objective on Verra Mobility in a research note on Wednesday, February 25th. Wall Street Zen cut Verra Mobility from a “strong-buy” rating to a “hold” rating in a report on Saturday, February 28th. JPMorgan Chase & Co. cut 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. Finally, Weiss Ratings reiterated a “hold (c)” rating on shares of Verra Mobility in a report on Monday, December 29th. Two analysts have rated the stock with a Buy rating and three have given a Hold rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Hold” and an average target price of $24.00.

Verra Mobility Price Performance

The firm has a market cap of $2.16 billion, a price-to-earnings ratio of 16.75, a P/E/G ratio of 2.34 and a beta of 0.60. 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 stock’s fifty day moving average price is $18.27 and its 200-day moving average price is $21.43.

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

Hedge Funds Weigh In On Verra Mobility

Several large investors have recently modified their holdings of the business. Norges Bank purchased a new stake in Verra Mobility in the 4th quarter valued at about $68,608,000. River Road Asset Management LLC boosted its stake in Verra Mobility by 441.6% during the fourth quarter. River Road Asset Management LLC now owns 2,984,760 shares of the company’s stock worth $66,888,000 after buying an additional 2,433,610 shares during the period. Morgan Stanley boosted its stake in Verra Mobility by 44.8% during the fourth quarter. Morgan Stanley now owns 4,194,005 shares of the company’s stock worth $93,988,000 after buying an additional 1,296,602 shares during the period. Goldman Sachs Group Inc. increased its position in shares of Verra Mobility by 71.8% during the fourth quarter. Goldman Sachs Group Inc. now owns 2,924,781 shares of the company’s stock valued at $65,544,000 after acquiring an additional 1,222,116 shares during the last quarter. Finally, William Blair Investment Management LLC increased its position in shares of Verra Mobility by 34.7% during the third quarter. William Blair Investment Management LLC now owns 3,479,448 shares of the company’s stock valued at $85,942,000 after acquiring an additional 896,564 shares during 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.