3,061,477 Shares in Verra Mobility Corp $VRRM Acquired by Norges Bank

Norges Bank bought a new position in Verra Mobility Corp (NASDAQ:VRRMFree Report) in the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor bought 3,061,477 shares of the company’s stock, valued at approximately $68,608,000.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Comerica Bank increased its holdings in Verra Mobility by 134.3% in the 4th quarter. Comerica Bank now owns 139,349 shares of the company’s stock worth $3,123,000 after acquiring an additional 79,887 shares in the last quarter. SG Americas Securities LLC increased its holdings in Verra Mobility by 144.4% in the 4th quarter. SG Americas Securities LLC now owns 269,649 shares of the company’s stock worth $6,043,000 after acquiring an additional 159,331 shares in the last quarter. Sunriver Management LLC increased its holdings in Verra Mobility by 10.7% in the 3rd quarter. Sunriver Management LLC now owns 2,284,774 shares of the company’s stock worth $56,434,000 after acquiring an additional 219,976 shares in the last quarter. Thornburg Investment Management Inc. purchased a new stake in Verra Mobility in the 3rd quarter worth approximately $7,597,000. Finally, William Blair Investment Management LLC increased its holdings in Verra Mobility by 34.7% in the 3rd quarter. William Blair Investment Management LLC now owns 3,479,448 shares of the company’s stock worth $85,942,000 after acquiring an additional 896,564 shares in the last quarter.

Verra Mobility Price Performance

NASDAQ VRRM opened at $4.31 on Friday. 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 company has a market capitalization of $654.73 million, a P/E ratio of 5.26, a P/E/G ratio of 0.98 and a beta of 0.43. Verra Mobility Corp has a one year low of $3.40 and a one year high of $25.83. The stock has a 50 day moving average price of $12.74 and a 200-day moving average price of $17.37.

Verra Mobility (NASDAQ:VRRMGet Free Report) last posted its earnings results on Wednesday, May 6th. The company reported $0.25 EPS for the quarter, meeting analysts’ consensus estimates of $0.25. The firm had revenue of $223.57 million during the quarter, compared to the consensus estimate of $223.34 million. Verra Mobility had a return on equity of 55.59% and a net margin of 13.38%.The company’s quarterly revenue was up .1% compared to the same quarter last year. During the same period in the prior year, the company earned $0.30 EPS. Verra Mobility has set its FY 2026 guidance at 1.320-1.380 EPS. As a group, equities analysts predict that Verra Mobility Corp will post 1.08 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

VRRM has been the subject of several recent analyst reports. Robert W. Baird dropped their price target on Verra Mobility from $8.00 to $6.00 and set a “neutral” rating for the company in a research note on Tuesday, June 2nd. Wall Street Zen downgraded Verra Mobility from a “buy” rating to a “hold” rating in a research note on Saturday, May 9th. Weiss Ratings downgraded Verra Mobility from a “hold (c-)” rating to a “sell (d+)” rating in a research note on Monday, May 4th. Northcoast Research restated a “neutral” rating on shares of Verra Mobility in a research note on Wednesday, May 27th. Finally, UBS Group downgraded Verra Mobility from a “buy” rating to a “neutral” rating and dropped their price target for the stock from $23.00 to $4.00 in a research note on Thursday, May 28th. Seven research analysts have rated the stock with a Hold rating and three have issued a Sell rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Reduce” and an average target price of $6.83.

Get Our Latest Research Report on VRRM

About Verra Mobility

(Free Report)

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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Institutional Ownership by Quarter for Verra Mobility (NASDAQ:VRRM)

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