Verra Mobility Co. (NASDAQ:VRRM) Receives Consensus Rating of “Hold” from Analysts

Verra Mobility Co. (NASDAQ:VRRM – Get Rating) received a consensus “moderate buy” recommendation from the six analysts who currently cover the company, Marketbeat Ratings reports. Two research analysts rated the stock with a hold rating and two assigned the company a buy rating. The 12-month average target price among brokers who have hedged the stock over the past year is $18.80.

Several brokerages have recently weighed in on VRRM. Robert W. Baird downgraded Verra Mobility from an “outperforming” rating to a “neutral” rating and set a target price of $18.00 for the company. in a Wednesday July 13 research note. Morgan Stanley raised its target price on Verra Mobility from $16.00 to $17.00 and gave the stock an “equal weight” rating in a Thursday, Aug. 4, report. Deutsche Bank Aktiengesellschaft raised its price target on Verra Mobility shares from $18.00 to $19.00 in a Wednesday, July 20 research report. Finally, TheStreet upgraded Verra Mobility shares from a “c+” rating to a “b” rating in a Tuesday, August 16 research report.

Institutional investors weigh in on Verra Mobility

Several hedge funds have recently bought and sold shares of VRRM. William Blair Investment Management LLC increased its position in Verra Mobility by 0.7% in the fourth quarter. William Blair Investment Management LLC now owns 4,593,057 shares of the company valued at $70,871,000 after purchasing an additional 32,382 shares last quarter. Barclays PLC increased its stake in Verra Mobility by 17.6% in the fourth quarter. Barclays PLC now owns 185,713 shares in the company valued at $2,866,000 after purchasing an additional 27,754 shares during the period. Seelaus Asset Management LLC increased its stake in Verra Mobility shares by 31.8% during the 1st quarter. Seelaus Asset Management LLC now owns 64,577 shares of the company valued at $1,051,000 after purchasing an additional 15,572 shares in the last quarter. Yarbrough Capital LLC increased its equity stake in Verra Mobility by 20.8% during the 1st quarter. Yarbrough Capital LLC now owns 30,313 shares of the company valued at $493,000 after purchasing an additional 5,226 shares in the last quarter. Finally, Virginia Retirement Systems ET AL increased its stake in Verra Mobility by 19.2% in the 1st quarter. Virginia Retirement Systems ET AL now owns 14,300 shares of the company worth $233,000 after acquiring 2,300 additional shares in the last quarter.

Performance of Verra Mobility shares

The NASDAQ VRRM opened at $15.93 on Friday. The company has a current ratio of 2.10, a quick ratio of 2.00 and a debt ratio of 4.93. The company’s 50-day moving average is $16.20 and its two-hundred-day moving average is $15.75. Verra Mobility has a 12-month minimum of $12.70 and a 12-month maximum of $18.13. The stock has a market capitalization of $2.44 billion, a price-earnings ratio of 33.89 and a beta of 1.17.

Verra Mobility (NASDAQ:VRRM – Get Rating) last announced its results on Wednesday, August 3. The company reported EPS of $0.27 for the quarter, beating consensus analyst estimates of $0.23 by $0.04. Verra Mobility had a return on equity of 59.18% and a net margin of 12.47%. The company posted revenue of $187.49 million for the quarter, compared to $179.76 million expected by analysts. Research analysts expect Verra Mobility to post EPS of 0.91 for the current year.

Verra Mobility Company Profile

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Verra Mobility Corporation provides smart mobility technology solutions and services in the United States, Australia, Canada and Europe. It operates through three segments: Business Services; Government Solutions; and parking solutions. The Government Solutions segment offers automated safety solutions, including services and technologies that enable the application of photos through road safety camera programs, which detect and address traffic violations related to red lights , speed, school buses and city bus lanes.

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Analyst Recommendations for Verra Mobility (NASDAQ: VRRM)

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