Danske Bank A S Has $40,000 Stock Position in Verra Mobility Corp $VRRM

Danske Bank A S lowered its holdings in shares of Verra Mobility Corp (NASDAQ:VRRM) by 98.5% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 1,800 shares of the company’s stock after selling 122,118 shares during the quarter. Danske Bank A S’s holdings in Verra Mobility were worth $40,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also modified their holdings of VRRM. William Blair Investment Management LLC boosted its holdings in Verra Mobility by 34.7% in the third quarter. William Blair Investment Management LLC now owns 3,479,448 shares of the company’s stock worth $85,942,000 after purchasing an additional 896,564 shares in the last quarter. Man Group plc raised its holdings in Verra Mobility by 93.3% during the second quarter. Man Group plc now owns 1,157,292 shares of the company’s stock valued at $29,384,000 after buying an additional 558,727 shares in the last quarter. Qube Research & Technologies Ltd lifted its position in shares of Verra Mobility by 128.2% in the third quarter. Qube Research & Technologies Ltd now owns 612,521 shares of the company’s stock worth $15,129,000 after buying an additional 344,130 shares during the last quarter. Thornburg Investment Management Inc. bought a new stake in shares of Verra Mobility during the 3rd quarter worth about $7,597,000. Finally, Goldman Sachs Group Inc. boosted its stake in shares of Verra Mobility by 33.0% during the 1st quarter. Goldman Sachs Group Inc. now owns 1,182,297 shares of the company’s stock worth $26,614,000 after acquiring an additional 293,082 shares in the last quarter.

Wall Street Analysts Forecast Growth

A number of brokerages recently weighed in on VRRM. Morgan Stanley set a $15.00 price objective on Verra Mobility in a research note on Thursday. Robert W. Baird set a $20.00 target price on Verra Mobility in a research report on Friday. Wall Street Zen downgraded Verra Mobility from a “buy” rating to a “hold” rating in a report on Saturday. Weiss Ratings lowered shares of Verra Mobility from a “hold (c-)” rating to a “sell (d+)” rating in a research report on Monday. Finally, JPMorgan Chase & Co. reduced their price objective on shares of Verra Mobility from $21.00 to $19.00 and set a “neutral” rating for the company in a research note on Thursday, March 26th. Three research analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, Verra Mobility presently has a consensus rating of “Hold” and an average target price of $21.40.

Verra Mobility Trading Down 2.3%

Shares of NASDAQ:VRRM opened at $14.30 on Friday. The company has a debt-to-equity ratio of 3.76, a quick ratio of 2.00 and a current ratio of 1.89. The stock’s 50-day moving average is $15.11 and its 200-day moving average is $19.33. The company has a market cap of $2.16 billion, a P/E ratio of 17.44, a P/E/G ratio of 2.38 and a beta of 0.67. Verra Mobility Corp has a 52-week low of $13.02 and a 52-week high of $25.83.

Verra Mobility (NASDAQ:VRRM) last posted its quarterly earnings data on Wednesday, May 6th. The company reported $0.25 earnings per share for the quarter, hitting the consensus estimate of $0.25. Verra Mobility had a return on equity of 55.59% and a net margin of 13.38%.The business had revenue of $223.57 million during the quarter, compared to analysts’ expectations of $223.34 million. During the same quarter in the previous year, the firm earned $0.30 EPS. The firm’s revenue was up .1% compared to the same quarter last year. Verra Mobility has set its FY 2026 guidance at 1.320-1.380 EPS. Equities research analysts predict that Verra Mobility Corp will post 1.23 earnings per share for the current year.

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.