Verra Mobility Corp (NASDAQ:VRRM) Director Platinum Equity Llc sold 2,250,000 shares of the business’s stock in a transaction that occurred on Monday, July 8th. The stock was sold at an average price of $12.13, for a total transaction of $27,292,500.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

Platinum Equity Llc also recently made the following trade(s):

  • On Monday, June 10th, Platinum Equity Llc sold 15,000,000 shares of Verra Mobility stock. The stock was sold at an average price of $12.13, for a total transaction of $181,950,000.00.

Shares of Verra Mobility stock opened at $13.67 on Friday. The company’s fifty day simple moving average is $13.16. The company has a market cap of $2.17 billion, a PE ratio of -20.40 and a beta of 0.40. Verra Mobility Corp has a 52 week low of $9.00 and a 52 week high of $15.07. The company has a quick ratio of 2.44, a current ratio of 2.44 and a debt-to-equity ratio of 2.82.

Verra Mobility (NASDAQ:VRRM) last issued its earnings results on Monday, May 6th. The company reported $0.17 EPS for the quarter, beating the consensus estimate of $0.10 by $0.07. The business had revenue of $98.46 million for the quarter, compared to the consensus estimate of $91.60 million. On average, research analysts forecast that Verra Mobility Corp will post 0.8 earnings per share for the current fiscal year.

Several research firms recently weighed in on VRRM. BTIG Research began coverage on shares of Verra Mobility in a research report on Wednesday, March 27th. They issued a “buy” rating and a $15.00 price objective for the company. William Blair began coverage on shares of Verra Mobility in a research report on Wednesday, April 24th. They issued an “outperform” rating and a $13.08 price objective for the company. Zacks Investment Research cut shares of Yatra Online from a “hold” rating to a “sell” rating in a research report on Saturday, July 6th. ValuEngine cut shares of Zogenix from a “strong-buy” rating to a “buy” rating in a research report on Thursday, April 11th. Finally, Robert W. Baird set a $25.00 price objective on shares of Actuant and gave the stock a “buy” rating in a research report on Thursday, June 27th. One investment analyst has rated the stock with a hold rating and four have issued a buy rating to the stock. Verra Mobility currently has an average rating of “Buy” and an average target price of $15.03.

Institutional investors have recently modified their holdings of the business. BlackRock Inc. bought a new stake in shares of Verra Mobility during the 4th quarter valued at $2,959,000. Manning & Napier Group LLC bought a new stake in shares of Verra Mobility during the 1st quarter valued at $5,069,000. Northern Trust Corp bought a new stake in shares of Verra Mobility during the 4th quarter valued at $2,472,000. Bank of New York Mellon Corp bought a new stake in shares of Verra Mobility during the 4th quarter valued at $575,000. Finally, Arrowgrass Capital Partners US LP bought a new stake in shares of Verra Mobility during the 4th quarter valued at $15,787,000. Institutional investors own 42.01% of the company’s stock.

About Verra Mobility

Verra Mobility Corporation provides smart mobility technology solutions and services in the United States, Canada, and Europe. It operates through two segments, Government Solutions and Commercial Services. The Government Solutions segment offers automated safety solutions, including services and technologies that enable photo enforcement through road safety camera programs related to red light, speed, school bus, and city bus lanes.

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