Verra Mobility (NASDAQ:VRRM) Trading 10.4% Higher – Time to Buy?

Verra Mobility Corp (NASDAQ:VRRM)’s stock price traded up 10.4% on Monday . The stock traded as high as $5.18 and last traded at $5.1550. 2,493,335 shares traded hands during trading, a decline of 29% from the average session volume of 3,533,843 shares. The stock had previously closed at $4.67.

Wall Street Analyst Weigh In

Several equities analysts have weighed in on the company. Morgan Stanley set a $4.00 target price on Verra Mobility in a research note on Wednesday, May 27th. Deutsche Bank Aktiengesellschaft reaffirmed a “hold” rating and set a $9.00 target price (down from $22.00) on shares of Verra Mobility in a research note on Wednesday, May 27th. UBS Group cut Verra Mobility from a “buy” rating to a “neutral” rating and lowered their target price for the company from $23.00 to $4.00 in a research note on Thursday, May 28th. JPMorgan Chase & Co. reaffirmed an “underweight” rating and set a $8.00 target price (down from $17.00) on shares of Verra Mobility in a research note on Wednesday, May 27th. Finally, William Blair cut Verra Mobility from an “outperform” rating to a “market perform” rating in a research note on Wednesday, May 27th. Seven research analysts have rated the stock with a Hold rating and three have given a Sell rating to the stock. According to data from MarketBeat.com, Verra Mobility presently has a consensus rating of “Reduce” and a consensus target price of $6.83.

Verra Mobility Trading Up 6.3%

The company has a market capitalization of $753.78 million, a price-to-earnings ratio of 6.05 and a beta of 0.44. The business has a fifty day moving average price of $11.78 and a 200 day moving average price of $16.74. 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 issued its earnings results on Wednesday, May 6th. The company reported $0.25 EPS for the quarter, meeting analysts’ consensus estimates of $0.25. The business had revenue of $223.57 million during the quarter, compared to analyst estimates of $223.34 million. Verra Mobility had a return on equity of 55.59% and a net margin of 13.38%.Verra Mobility’s revenue was up .1% on a year-over-year basis. During the same period in the prior year, the company posted $0.30 earnings per share. Verra Mobility has set its FY 2026 guidance at 1.320-1.380 EPS. On average, equities analysts expect that Verra Mobility Corp will post 1.08 EPS for the current fiscal year.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of VRRM. Norges Bank acquired a new position in shares of Verra Mobility in the fourth quarter valued at $68,608,000. River Road Asset Management LLC lifted its holdings in shares of 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 valued at $66,888,000 after acquiring an additional 2,433,610 shares during the period. Morgan Stanley lifted its holdings in shares of Verra Mobility by 44.8% during the fourth quarter. Morgan Stanley now owns 4,194,005 shares of the company’s stock valued at $93,988,000 after acquiring an additional 1,296,602 shares during the period. Goldman Sachs Group Inc. lifted its holdings 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 period. Finally, William Blair Investment Management LLC lifted its holdings 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 period.

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.