Verra Mobility Corp (NASDAQ:VRRM – Get Free Report) hit a new 52-week low on Wednesday after CJS Securities downgraded the stock from a market outperform rating to a market perform rating. CJS Securities now has a $10.00 price target on the stock. Verra Mobility traded as low as $3.85 and last traded at $3.6980, with a volume of 9050205 shares traded. The stock had previously closed at $13.08.
A number of other analysts have also recently issued reports on the company. Robert W. Baird reissued a “neutral” rating and issued a $8.00 target price (down from $20.00) on shares of Verra Mobility in a research report on Wednesday. Weiss Ratings lowered Verra Mobility from a “hold (c-)” rating to a “sell (d+)” rating in a research report on Monday, May 4th. Morgan Stanley set a $15.00 price objective on Verra Mobility in a research note on Thursday, May 7th. JPMorgan Chase & Co. decreased their price objective on Verra Mobility from $19.00 to $17.00 and set a “neutral” rating for the company in a report on Friday, May 15th. Finally, Wall Street Zen lowered shares of Verra Mobility from a “buy” rating to a “hold” rating in a research report on Saturday, May 9th. One research analyst has rated the stock with a Buy rating, six have issued a Hold rating and two have issued a Sell rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Reduce” and a consensus target price of $13.50.
Read Our Latest Report on Verra Mobility
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Verra Mobility Stock Performance
The company has a market cap of $564.79 million, a PE ratio of 4.41, a P/E/G ratio of 2.72 and a beta of 0.67. The company has a debt-to-equity ratio of 3.76, a quick ratio of 1.77 and a current ratio of 1.89. The stock’s 50-day simple moving average is $14.39 and its 200 day simple moving average is $18.38.
Verra Mobility (NASDAQ:VRRM – Get Free Report) last issued its earnings results on Wednesday, May 6th. The company reported $0.25 earnings per share for the quarter, meeting the consensus estimate of $0.25. The business had revenue of $223.57 million for 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 business’s quarterly revenue was up .1% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.30 earnings per share. Verra Mobility has set its FY 2026 guidance at 1.320-1.380 EPS. As a group, equities analysts anticipate that Verra Mobility Corp will post 1.22 EPS for the current year.
Verra Mobility Company Profile
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.
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