Verra Mobility (NASDAQ:VRRM) Cut to “Buy” at Wall Street Zen

Wall Street Zen lowered shares of Verra Mobility (NASDAQ:VRRM) from a strong-buy rating to a buy rating in a report released on Sunday morning.

VRRM has been the subject of several other reports. Weiss Ratings restated a “hold (c-)” rating on shares of Verra Mobility in a research note on Wednesday, October 8th. UBS Group upped their target price on shares of Verra Mobility from $29.00 to $31.00 and gave the company a “buy” rating in a research note on Thursday, October 30th. Finally, Robert W. Baird lifted their price target on Verra Mobility from $28.00 to $30.00 and gave the stock an “outperform” rating in a research note on Thursday, August 21st. One equities research analyst has rated the stock with a Strong Buy rating, two have given a Buy rating and two have given a Hold rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $28.00.

Verra Mobility Price Performance

VRRM stock opened at $22.99 on Friday. The company has a quick ratio of 2.21, a current ratio of 2.28 and a debt-to-equity ratio of 2.93. The stock has a market capitalization of $3.67 billion, a price-to-earnings ratio of 71.85, a price-to-earnings-growth ratio of 2.79 and a beta of 0.76. The stock’s fifty day simple moving average is $24.10 and its 200-day simple moving average is $24.25. Verra Mobility has a 52-week low of $19.51 and a 52-week high of $27.20.

Verra Mobility (NASDAQ:VRRM) last released its quarterly earnings data on Wednesday, October 29th. The company reported $0.37 EPS for the quarter, topping analysts’ consensus estimates of $0.34 by $0.03. Verra Mobility had a return on equity of 65.57% and a net margin of 5.42%.The business had revenue of $261.94 million during the quarter, compared to the consensus estimate of $237.68 million. During the same period in the prior year, the firm posted $0.32 EPS. The business’s revenue for the quarter was up 16.1% on a year-over-year basis. Verra Mobility has set its FY 2025 guidance at 1.300-1.350 EPS. Equities research analysts expect that Verra Mobility will post 1.08 EPS for the current year.

Institutional Trading of Verra Mobility

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. US Bancorp DE grew its position in Verra Mobility by 76.6% in the 1st quarter. US Bancorp DE now owns 7,782 shares of the company’s stock valued at $175,000 after buying an additional 3,376 shares in the last quarter. Arizona State Retirement System lifted its stake in shares of Verra Mobility by 4.2% in the 1st quarter. Arizona State Retirement System now owns 47,252 shares of the company’s stock worth $1,064,000 after acquiring an additional 1,891 shares during the period. Intech Investment Management LLC lifted its stake in shares of Verra Mobility by 19.6% in the 1st quarter. Intech Investment Management LLC now owns 83,066 shares of the company’s stock worth $1,870,000 after acquiring an additional 13,636 shares during the period. Punch & Associates Investment Management Inc. boosted its holdings in shares of Verra Mobility by 2.4% in the first quarter. Punch & Associates Investment Management Inc. now owns 1,121,731 shares of the company’s stock valued at $25,250,000 after acquiring an additional 26,067 shares in the last quarter. Finally, Farther Finance Advisors LLC increased its stake in shares of Verra Mobility by 46.6% during the second quarter. Farther Finance Advisors LLC now owns 1,447 shares of the company’s stock valued at $37,000 after acquiring an additional 460 shares during the period.

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.