Verra Mobility (NASDAQ:VRRM) Hits New 12-Month Low – Should You Sell?

Shares of Verra Mobility Corp (NASDAQ:VRRM) hit a new 52-week low during trading on Wednesday . The stock traded as low as $13.01 and last traded at $13.0570, with a volume of 922934 shares trading hands. The stock had previously closed at $13.57.

Analyst Ratings Changes

Several analysts have recently commented on the stock. JPMorgan Chase & Co. decreased their price objective on shares of Verra Mobility from $21.00 to $19.00 and set a “neutral” rating on the stock in a research report on Thursday, March 26th. Deutsche Bank Aktiengesellschaft restated a “buy” rating and set a $22.00 price objective on shares of Verra Mobility in a research report on Thursday, May 7th. Wall Street Zen downgraded shares of Verra Mobility from a “buy” rating to a “hold” rating in a research report on Saturday. Robert W. Baird set a $20.00 price objective on shares of Verra Mobility in a research report on Friday, May 8th. Finally, Morgan Stanley set a $15.00 price objective on shares of Verra Mobility in a research report on Thursday, May 7th. Three equities research analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, Verra Mobility currently has an average rating of “Hold” and a consensus target price of $21.40.

Verra Mobility Stock Down 2.0%

The firm has a market capitalization of $2.01 billion, a PE ratio of 16.22, a PEG ratio of 2.76 and a beta of 0.67. The business’s 50 day simple moving average is $14.95 and its 200 day simple moving average is $19.11. The company has a current ratio of 1.89, a quick ratio of 1.77 and a debt-to-equity ratio of 3.76.

Verra Mobility (NASDAQ:VRRM) last issued its quarterly earnings data on Wednesday, May 6th. The company reported $0.25 EPS for the quarter, hitting analysts’ consensus estimates 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 during the quarter, compared to analysts’ expectations of $223.34 million. During the same period last year, the company posted $0.30 EPS. The business’s revenue was up .1% on a year-over-year basis. Verra Mobility has set its FY 2026 guidance at 1.320-1.380 EPS. On average, equities research analysts forecast that Verra Mobility Corp will post 1.23 earnings per share for the current year.

Hedge Funds Weigh In On Verra Mobility

Large investors have recently made changes to their positions in the company. Global Retirement Partners LLC purchased a new position in shares of Verra Mobility during the 4th quarter worth about $27,000. Caitong International Asset Management Co. Ltd boosted its stake in shares of Verra Mobility by 967.8% during the 4th quarter. Caitong International Asset Management Co. Ltd now owns 1,260 shares of the company’s stock worth $28,000 after purchasing an additional 1,142 shares during the period. Rothschild Investment LLC boosted its stake in shares of Verra Mobility by 238.3% during the 3rd quarter. Rothschild Investment LLC now owns 1,167 shares of the company’s stock worth $29,000 after purchasing an additional 822 shares during the period. Salomon & Ludwin LLC boosted its stake in shares of Verra Mobility by 100.7% during the 4th quarter. Salomon & Ludwin LLC now owns 1,497 shares of the company’s stock worth $34,000 after purchasing an additional 751 shares during the period. Finally, EverSource Wealth Advisors LLC boosted its stake in shares of Verra Mobility by 439.4% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 1,494 shares of the company’s stock worth $38,000 after purchasing an additional 1,217 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.