Verra Mobility (NASDAQ:VRRM) Rating Lowered to Hold at Wall Street Zen

Verra Mobility (NASDAQ:VRRM) was downgraded by stock analysts at Wall Street Zen from a “strong-buy” rating to a “hold” rating in a research report issued to clients and investors on Saturday.

VRRM has been the topic of several other reports. Robert W. Baird set a $24.00 price target on Verra Mobility in a research note on Wednesday. Morgan Stanley reduced their target price on shares of Verra Mobility from $24.00 to $20.00 and set an “equal weight” rating on the stock in a research report on Wednesday, February 25th. JPMorgan Chase & Co. decreased their price target on shares of Verra Mobility from $25.00 to $24.00 and set a “neutral” rating for the company in a research note on Wednesday, February 25th. Finally, Weiss Ratings reissued a “hold (c)” rating on shares of Verra Mobility in a research note on Monday, December 29th. Two analysts have rated the stock with a Buy rating and three have given a Hold rating to the company’s stock. According to MarketBeat.com, Verra Mobility currently has a consensus rating of “Hold” and a consensus price target of $24.75.

Verra Mobility Price Performance

Shares of NASDAQ VRRM opened at $16.71 on Friday. Verra Mobility has a 1 year low of $15.58 and a 1 year high of $25.83. The stock has a market capitalization of $2.67 billion, a P/E ratio of 19.66, a P/E/G ratio of 2.72 and a beta of 0.60. The company’s 50-day moving average is $20.53 and its 200 day moving average is $22.46. The company has a debt-to-equity ratio of 3.49, a current ratio of 2.10 and a quick ratio of 2.00.

Verra Mobility (NASDAQ:VRRM) last posted its quarterly earnings data on Tuesday, February 24th. The company reported $0.30 earnings per share for the quarter, missing the consensus estimate of $0.32 by ($0.02). Verra Mobility had a net margin of 13.95% and a return on equity of 57.45%. The firm had revenue of $257.86 million for the quarter, compared to the consensus estimate of $241.17 million. During the same period in the previous year, the firm posted $0.33 earnings per share. The business’s revenue was up 16.4% compared to the same quarter last year. Verra Mobility has set its FY 2026 guidance at 1.320-1.380 EPS. On average, sell-side analysts expect that Verra Mobility will post 1.08 earnings per share for the current year.

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in VRRM. Wellington Management Group LLP grew its holdings in Verra Mobility by 4.9% during the 4th quarter. Wellington Management Group LLP now owns 7,059,237 shares of the company’s stock valued at $158,198,000 after buying an additional 329,264 shares in the last quarter. JPMorgan Chase & Co. boosted its position in shares of Verra Mobility by 4.7% during the third quarter. JPMorgan Chase & Co. now owns 6,223,576 shares of the company’s stock worth $153,722,000 after acquiring an additional 281,465 shares during the last quarter. Morgan Stanley grew its stake in Verra Mobility by 44.8% during the fourth quarter. Morgan Stanley now owns 4,194,005 shares of the company’s stock valued at $93,988,000 after acquiring an additional 1,296,602 shares in the last quarter. William Blair Investment Management LLC grew its stake in Verra Mobility by 34.7% during the third quarter. William Blair Investment Management LLC now owns 3,479,448 shares of the company’s stock valued at $85,942,000 after acquiring an additional 896,564 shares in the last quarter. Finally, Dimensional Fund Advisors LP increased its holdings in Verra Mobility by 0.7% in the 4th quarter. Dimensional Fund Advisors LP now owns 3,316,850 shares of the company’s stock valued at $74,333,000 after acquiring an additional 24,682 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.