Brokerages Set Verra Mobility Corp (NASDAQ:VRRM) Price Target at $7.00

Verra Mobility Corp (NASDAQ:VRRM) has received a consensus rating of “Reduce” from the ten ratings firms that are presently covering the firm, MarketBeat Ratings reports. One research analyst has rated the stock with a sell rating and nine have assigned a hold rating to the company. The average 1-year price target among brokers that have covered the stock in the last year is $7.00.

A number of equities research analysts recently weighed in on the stock. JPMorgan Chase & Co. raised shares of Verra Mobility from an “underweight” rating to a “neutral” rating and boosted their price target for the company from $5.00 to $6.00 in a research report on Monday, July 13th. CJS Securities downgraded Verra Mobility from a “market outperform” rating to a “market perform” rating and set a $10.00 price objective for the company. in a report on Wednesday, May 27th. Morgan Stanley set a $5.00 target price on shares of Verra Mobility in a research report on Thursday, August 6th. Robert W. Baird cut their target price on shares of Verra Mobility from $8.00 to $6.00 and set a “neutral” rating on the stock in a report on Tuesday, June 2nd. Finally, Weiss Ratings downgraded shares of Verra Mobility from a “sell (d+)” rating to a “sell (d)” rating in a research report on Wednesday, June 17th.

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of VRRM. Sequoia Financial Advisors LLC acquired a new stake in shares of Verra Mobility during the second quarter worth about $65,000. Tidal Investments LLC increased its position in Verra Mobility by 57.9% in the 2nd quarter. Tidal Investments LLC now owns 19,303 shares of the company’s stock valued at $82,000 after acquiring an additional 7,082 shares during the period. Squarepoint Ops LLC increased its position in Verra Mobility by 298.2% in the 2nd quarter. Squarepoint Ops LLC now owns 52,680 shares of the company’s stock valued at $224,000 after acquiring an additional 39,449 shares during the period. VIRGINIA RETIREMENT SYSTEMS ET Al purchased a new stake in Verra Mobility during the 2nd quarter valued at approximately $136,000. Finally, California State Teachers Retirement System raised its stake in Verra Mobility by 285.3% during the 2nd quarter. California State Teachers Retirement System now owns 740,452 shares of the company’s stock valued at $3,147,000 after acquiring an additional 548,284 shares during the last quarter.

Verra Mobility Price Performance

Shares of VRRM opened at $3.55 on Thursday. The firm has a market capitalization of $539.53 million, a price-to-earnings ratio of 13.65 and a beta of 0.38. The firm’s fifty day simple moving average is $4.45 and its 200-day simple moving average is $9.19. Verra Mobility has a twelve month low of $3.40 and a twelve month high of $25.45. The company has a current ratio of 2.06, a quick ratio of 1.96 and a debt-to-equity ratio of 4.58.

Verra Mobility (NASDAQ:VRRM) last issued its earnings results on Wednesday, August 5th. The company reported $0.38 EPS for the quarter, topping analysts’ consensus estimates of $0.33 by $0.05. Verra Mobility had a net margin of 4.40% and a return on equity of 64.39%. The firm had revenue of $263.59 million during the quarter, compared to the consensus estimate of $254.81 million. During the same quarter in the previous year, the firm posted $0.34 earnings per share. The company’s revenue was up 11.7% compared to the same quarter last year. Equities analysts forecast that Verra Mobility will post 1.11 EPS 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.