Verra Mobility (NASDAQ:VRRM) Downgraded to Hold Rating by Wall Street Zen

Wall Street Zen cut shares of Verra Mobility (NASDAQ:VRRM) from a buy rating to a hold rating in a research note published on Saturday morning.

Several other analysts also recently commented on the stock. Morgan Stanley set a $15.00 price objective on shares of Verra Mobility in a research report on Thursday. Robert W. Baird set a $20.00 price objective on shares of Verra Mobility in a research report on Friday. Weiss Ratings downgraded shares of Verra Mobility from a “hold (c-)” rating to a “sell (d+)” rating in a research report on Monday, May 4th. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating and set a $22.00 price objective on shares of Verra Mobility in a research report on Thursday. 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 report on Thursday, March 26th. Three research analysts have rated the stock with a Buy rating, two have given a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of $21.40.

Verra Mobility Stock Performance

Shares of VRRM stock opened at $14.30 on Friday. The company has a market cap of $2.16 billion, a price-to-earnings ratio of 17.44, a price-to-earnings-growth ratio of 2.33 and a beta of 0.67. Verra Mobility has a 52 week low of $13.02 and a 52 week high of $25.83. The company has a quick ratio of 2.00, a current ratio of 1.89 and a debt-to-equity ratio of 3.76. The firm has a 50 day moving average of $15.11 and a 200-day moving average of $19.33.

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

Institutional Trading of Verra Mobility

Several hedge funds have recently bought and sold shares of VRRM. Norges Bank acquired a new stake in Verra Mobility in the 4th quarter valued at $68,608,000. River Road Asset Management LLC grew its position in Verra Mobility by 441.6% in the 4th quarter. River Road Asset Management LLC now owns 2,984,760 shares of the company’s stock valued at $66,888,000 after purchasing an additional 2,433,610 shares during the period. Morgan Stanley grew its position in Verra Mobility by 44.8% in the 4th quarter. Morgan Stanley now owns 4,194,005 shares of the company’s stock valued at $93,988,000 after purchasing an additional 1,296,602 shares during the period. Goldman Sachs Group Inc. boosted its holdings in Verra Mobility by 71.8% during the 4th quarter. Goldman Sachs Group Inc. now owns 2,924,781 shares of the company’s stock worth $65,544,000 after acquiring an additional 1,222,116 shares during the last quarter. Finally, William Blair Investment Management LLC boosted its holdings in Verra Mobility by 34.7% during the 3rd quarter. William Blair Investment Management LLC now owns 3,479,448 shares of the company’s stock worth $85,942,000 after acquiring an additional 896,564 shares during the last quarter.

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.