Palogic Value Management L.P. Has $2.54 Million Stock Position in Verra Mobility Corp $VRRM

Palogic Value Management L.P. lowered its holdings in Verra Mobility Corp (NASDAQ:VRRM) by 33.3% during the second quarter, HoldingsChannel.com reports. The institutional investor owned 100,000 shares of the company’s stock after selling 50,000 shares during the period. Verra Mobility accounts for 1.0% of Palogic Value Management L.P.’s portfolio, making the stock its 28th largest position. Palogic Value Management L.P.’s holdings in Verra Mobility were worth $2,539,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Farther Finance Advisors LLC grew its holdings in Verra Mobility by 46.6% in the 2nd quarter. Farther Finance Advisors LLC now owns 1,447 shares of the company’s stock valued at $37,000 after buying an additional 460 shares during the last quarter. CWM LLC grew its holdings in Verra Mobility by 112.2% in the 2nd quarter. CWM LLC now owns 1,509 shares of the company’s stock valued at $38,000 after buying an additional 798 shares during the last quarter. Caitong International Asset Management Co. Ltd grew its holdings in Verra Mobility by 13,638.5% in the 1st quarter. Caitong International Asset Management Co. Ltd now owns 1,786 shares of the company’s stock valued at $40,000 after buying an additional 1,773 shares during the last quarter. Quarry LP lifted its position in shares of Verra Mobility by 361.8% in the 1st quarter. Quarry LP now owns 4,055 shares of the company’s stock worth $91,000 after acquiring an additional 3,177 shares during the period. Finally, GAMMA Investing LLC lifted its position in shares of Verra Mobility by 11.6% in the 2nd quarter. GAMMA Investing LLC now owns 4,128 shares of the company’s stock worth $105,000 after acquiring an additional 430 shares during the period.

Verra Mobility Price Performance

Verra Mobility stock opened at $23.21 on Friday. The company has a debt-to-equity ratio of 2.93, a current ratio of 2.28 and a quick ratio of 2.21. The company has a market capitalization of $3.70 billion, a PE ratio of 72.53, a price-to-earnings-growth ratio of 2.79 and a beta of 0.77. Verra Mobility Corp has a one year low of $19.51 and a one year high of $27.20. The business has a 50 day simple moving average of $24.39 and a 200 day simple moving average of $24.17.

Verra Mobility (NASDAQ:VRRM) last posted its earnings results on Wednesday, October 29th. The company reported $0.37 EPS for the quarter, topping the consensus estimate of $0.34 by $0.03. The business had revenue of $261.94 million during the quarter, compared to the consensus estimate of $237.68 million. Verra Mobility had a return on equity of 65.57% and a net margin of 5.42%.Verra Mobility’s revenue was up 16.1% on a year-over-year basis. During the same quarter last year, the company earned $0.32 EPS. Verra Mobility has set its FY 2025 guidance at 1.300-1.350 EPS. On average, sell-side analysts forecast that Verra Mobility Corp will post 1.08 EPS for the current fiscal year.

Analysts Set New Price Targets

VRRM has been the subject of a number of research reports. Weiss Ratings reiterated a “hold (c-)” rating on shares of Verra Mobility in a research report on Wednesday, October 8th. UBS Group raised their price objective on Verra Mobility from $29.00 to $31.00 and gave the stock a “buy” rating in a research report on Thursday. Robert W. Baird raised their price objective on Verra Mobility from $28.00 to $30.00 and gave the stock an “outperform” rating in a research report on Thursday, August 21st. Finally, Wall Street Zen upgraded Verra Mobility from a “buy” rating to a “strong-buy” rating in a research report on Saturday. One analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating and two have given a Hold rating to the company. According to data from MarketBeat.com, Verra Mobility has a consensus rating of “Moderate Buy” and a consensus target price of $28.00.

Verra Mobility Company Profile

Verra Mobility Corporation provides smart mobility technology solutions and services in the United States, Australia, Canada, and Europe. It operates through three segments: Commercial Services, Government Solutions, and Parking Solutions. The Commercial Services segment provides automated toll and violations management, and title and registration services to rental car companies, fleet management companies, and other large fleet owners.