Verra Mobility’s (VRRM) “Hold (C-)” Rating Reiterated at Weiss Ratings

Weiss Ratings restated their hold (c-) rating on shares of Verra Mobility (NASDAQ:VRRM) in a research note issued to investors on Wednesday,Weiss Ratings reports.

A number of other equities analysts have also issued reports on VRRM. Robert W. Baird boosted their target price on shares of Verra Mobility from $28.00 to $30.00 and gave the stock an “outperform” rating in a research report on Thursday, August 21st. Wall Street Zen lowered shares of Verra Mobility from a “strong-buy” rating to a “buy” rating in a report on Saturday, July 26th. One analyst has rated the stock with a Strong Buy rating, three have given a Buy rating and two have assigned a Hold rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $27.88.

Verra Mobility Trading Up 1.9%

Shares of VRRM stock opened at $23.93 on Wednesday. Verra Mobility has a 1 year low of $19.51 and a 1 year high of $27.83. The firm’s fifty day simple moving average is $24.47 and its 200 day simple moving average is $23.90. The firm has a market capitalization of $3.82 billion, a P/E ratio of 99.71, a price-to-earnings-growth ratio of 2.74 and a beta of 0.77. The company has a current ratio of 2.28, a quick ratio of 2.21 and a debt-to-equity ratio of 2.93.

Verra Mobility (NASDAQ:VRRM) last announced its earnings results on Wednesday, August 6th. The company reported $0.34 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.33 by $0.01. Verra Mobility had a net margin of 4.30% and a return on equity of 55.14%. The business had revenue of $236.03 million for the quarter, compared to analyst estimates of $232.78 million. During the same quarter in the previous year, the firm posted $0.31 earnings per share. Verra Mobility’s revenue was up 6.1% compared to the same quarter last year. As a group, sell-side analysts predict that Verra Mobility will post 1.08 EPS for the current year.

Institutional Investors Weigh In On Verra Mobility

Several institutional investors and hedge funds have recently bought and sold shares of the business. Harbour Capital Advisors LLC increased its holdings in Verra Mobility by 46.3% in the 3rd quarter. Harbour Capital Advisors LLC now owns 20,925 shares of the company’s stock valued at $505,000 after buying an additional 6,625 shares during the period. Union Bancaire Privee UBP SA boosted its stake in shares of Verra Mobility by 21.0% in the 3rd quarter. Union Bancaire Privee UBP SA now owns 21,172 shares of the company’s stock valued at $518,000 after purchasing an additional 3,675 shares in the last quarter. GAMMA Investing LLC boosted its stake in shares of Verra Mobility by 13.9% in the 3rd quarter. GAMMA Investing LLC now owns 4,703 shares of the company’s stock valued at $116,000 after purchasing an additional 575 shares in the last quarter. Texas Permanent School Fund Corp boosted its stake in shares of Verra Mobility by 56.8% in the 2nd quarter. Texas Permanent School Fund Corp now owns 142,629 shares of the company’s stock valued at $3,621,000 after purchasing an additional 51,674 shares in the last quarter. Finally, Osaic Holdings Inc. boosted its stake in shares of Verra Mobility by 285.8% in the 2nd quarter. Osaic Holdings Inc. now owns 3,044 shares of the company’s stock valued at $72,000 after purchasing an additional 2,255 shares in the last quarter.

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.