Verra Mobility Corp (NASDAQ:VRRM) Stock Has Consensus Price Target of $6.83 According to Analysts

Shares of Verra Mobility Corp (NASDAQ:VRRM) have earned a consensus recommendation of “Reduce” from the ten analysts that are covering the firm, Marketbeat reports. Two investment analysts have rated the stock with a sell recommendation and eight have given a hold recommendation to the company. The average 1-year price target among brokerages that have issued a report on the stock in the last year is $6.83.

VRRM has been the topic of several recent analyst reports. Morgan Stanley set a $5.00 target price on shares of Verra Mobility in a report on Thursday, August 6th. UBS Group lifted their target price on shares of Verra Mobility from $4.00 to $6.00 and gave the stock a “neutral” rating in a research report on Friday, August 7th. Zacks Research raised shares of Verra Mobility from a “strong sell” rating to a “hold” rating in a report on Thursday, August 13th. Weiss Ratings reiterated a “sell (d)” rating on shares of Verra Mobility in a research note on Monday, September 14th. Finally, JPMorgan Chase & Co. downgraded shares of Verra Mobility from a “neutral” rating to an “underweight” rating in a research note on Tuesday.

Institutional Trading of Verra Mobility

Institutional investors have recently made changes to their positions in the stock. Bank of America Corp DE increased its position in Verra Mobility by 34.4% in the first quarter. Bank of America Corp DE now owns 1,576,119 shares of the company’s stock worth $22,523,000 after buying an additional 403,638 shares in the last quarter. Sei Investments Co. raised its stake in Verra Mobility by 10.6% during the 1st quarter. Sei Investments Co. now owns 1,213,838 shares of the company’s stock valued at $17,346,000 after purchasing an additional 115,968 shares during the period. Punch & Associates Investment Management Inc. lifted its holdings in Verra Mobility by 1.7% in the 1st quarter. Punch & Associates Investment Management Inc. now owns 1,147,170 shares of the company’s stock worth $16,393,000 after purchasing an additional 19,610 shares in the last quarter. Arrowstreet Capital Limited Partnership grew its stake in Verra Mobility by 206.3% during the first quarter. Arrowstreet Capital Limited Partnership now owns 935,021 shares of the company’s stock valued at $13,361,000 after acquiring an additional 629,754 shares in the last quarter. Finally, Edgestream Partners L.P. grew its stake in Verra Mobility by 41.5% during the first quarter. Edgestream Partners L.P. now owns 818,595 shares of the company’s stock valued at $11,698,000 after acquiring an additional 240,163 shares in the last quarter.

Verra Mobility Price Performance

Shares of Verra Mobility stock opened at $2.66 on Friday. The company has a quick ratio of 1.97, a current ratio of 2.05 and a debt-to-equity ratio of 3.86. The stock has a market capitalization of $404.27 million, a price-to-earnings ratio of 11.08 and a beta of 0.45. The company has a 50-day simple moving average of $3.36 and a two-hundred day simple moving average of $9.39. Verra Mobility has a twelve month low of $2.51 and a twelve month high of $23.50.

Verra Mobility (NASDAQ:VRRM) last announced its quarterly earnings data on Friday, October 30th. The company reported $0.36 earnings per share for the quarter, beating the consensus estimate of $0.26 by $0.10. Verra Mobility had a return on equity of 71.65% and a net margin of 3.77%. The firm had revenue of $258.88 million during the quarter, compared to analysts’ expectations of $240.57 million. During the same period in the previous year, the firm earned $0.37 EPS. The company’s quarterly revenue was down 1.2% compared to the same quarter last year. Analysts forecast that Verra Mobility will post 1.10 EPS for the current year.

About Verra Mobility

Verra Mobility Corporation (NASDAQ:VRRM) provides smart mobility technology and services designed to improve transportation safety, efficiency and compliance. The company develops cloud-based solutions that help government agencies, commercial fleets and mobility providers manage transportation-related processes and data.

Its government solutions include automated safety enforcement programs for red-light, speed, school-zone and bus-lane violations, as well as technology supporting school bus safety initiatives.