Verra Mobility Corp (NASDAQ:VRRM – Get Free Report)’s stock price gapped up prior to trading on Wednesday . The stock had previously closed at $4.18, but opened at $5.75. Verra Mobility shares last traded at $5.3860, with a volume of 8,690,198 shares trading hands.
Key Verra Mobility News
Here are the key news stories impacting Verra Mobility this week:
- Positive Sentiment: Potentially restores major customer relationship: Verra Mobility said it reached agreement with ABG on the key commercial terms of a new seven-year tolling and violations-services contract. The deal could reduce uncertainty surrounding the renewal of a significant customer contract and support longer-term revenue visibility, although operational terms still need to be finalized. Verra Mobility Reaches Framework Agreement with Avis Budget Group
- Neutral Sentiment: Legal notices continue: Multiple law firms reminded investors that August 4, 2026 is the deadline to seek lead-plaintiff status in a proposed securities class action covering investors who purchased VRRM shares from February 24 through May 26, 2026. The repeated notices largely contain the same information and do not represent separate lawsuits or findings of liability. Bernstein Liebhard Verra Mobility Class Action Deadline
- Negative Sentiment: Alleged disclosure and leadership concerns: The lawsuits and related investigations allege that Verra Mobility made materially misleading statements about its relationship with ABG, the expected renewal of the contract and projected financial performance. One notice also cites an abrupt leadership transition. These are allegations, not proven wrongdoing, but the litigation creates potential legal costs, management distraction and reputational risk. Hagens Berman Verra Mobility Class Action Notice
Analysts Set New Price Targets
Several research analysts have recently commented on VRRM shares. Northcoast Research reiterated a “neutral” rating on shares of Verra Mobility in a report on Wednesday, May 27th. CJS Securities lowered shares of Verra Mobility from a “market outperform” rating to a “market perform” rating and set a $10.00 price objective for the company. in a report on Wednesday, May 27th. William Blair cut shares of Verra Mobility from an “outperform” rating to a “market perform” rating in a research report on Wednesday, May 27th. Wall Street Zen downgraded shares of Verra Mobility from a “buy” rating to a “hold” rating in a research note on Saturday, May 9th. Finally, Morgan Stanley set a $4.00 target price on shares of Verra Mobility in a report on Wednesday, May 27th. Eight research analysts have rated the stock with a Hold rating and two have issued a Sell rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Reduce” and a consensus target price of $6.50.
Verra Mobility Stock Up 28.2%
The firm has a 50-day moving average of $5.24 and a two-hundred day moving average of $12.74. The company has a quick ratio of 1.77, a current ratio of 1.89 and a debt-to-equity ratio of 3.76. The company has a market capitalization of $813.93 million, a PE ratio of 6.51 and a beta of 0.43.
Verra Mobility (NASDAQ:VRRM – Get 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. Verra Mobility had a return on equity of 55.59% and a net margin of 13.38%.The company had revenue of $223.57 million for the quarter, compared to the consensus estimate of $223.34 million. During the same quarter in the previous year, the business earned $0.30 earnings per share. The company’s revenue for the quarter was up .1% on a year-over-year basis. Verra Mobility has set its FY 2026 guidance at 1.320-1.380 EPS. Equities research analysts predict that Verra Mobility Corp will post 1.08 earnings per share for the current fiscal year.
Institutional Trading of Verra Mobility
Several institutional investors and hedge funds have recently bought and sold shares of the stock. Global Retirement Partners LLC acquired a new position in Verra Mobility in the fourth quarter valued at about $27,000. Caitong International Asset Management Co. Ltd increased its position in shares of Verra Mobility by 967.8% during the fourth quarter. Caitong International Asset Management Co. Ltd now owns 1,260 shares of the company’s stock valued at $28,000 after acquiring an additional 1,142 shares during the last quarter. Salomon & Ludwin LLC increased its position in shares of Verra Mobility by 100.7% during the fourth quarter. Salomon & Ludwin LLC now owns 1,497 shares of the company’s stock valued at $34,000 after acquiring an additional 751 shares during the last quarter. EverSource Wealth Advisors LLC increased its position in shares of Verra Mobility by 439.4% during the second quarter. EverSource Wealth Advisors LLC now owns 1,494 shares of the company’s stock valued at $38,000 after acquiring an additional 1,217 shares during the last quarter. Finally, Versant Capital Management Inc raised its stake in shares of Verra Mobility by 190.4% in the 2nd quarter. Versant Capital Management Inc now owns 10,378 shares of the company’s stock valued at $44,000 after acquiring an additional 6,804 shares during the period.
About Verra Mobility
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.
Featured Articles
- Five stocks we like better than Verra Mobility
- 3 Refiners Benefiting From Oil Volatility and Tight Fuel Supply
- Carrier Earnings Could Send the Stock to a New All-Time High
- 3 Unique AI Software Plays With Strong Analyst Support
- Amazon’s Satellite Push Raises the Stakes for SpaceX and AST SpaceMobile
Receive News & Ratings for Verra Mobility Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Verra Mobility and related companies with MarketBeat.com's FREE daily email newsletter.
