Verra Mobility (NASDAQ:VRRM) Raised to “Strong-Buy” at Wall Street Zen

Verra Mobility (NASDAQ:VRRM) was upgraded by equities researchers at Wall Street Zen from a “buy” rating to a “strong-buy” rating in a research note issued to investors on Saturday.

Several other equities analysts have also recently weighed in on the stock. Robert W. Baird raised their target price on shares of Verra Mobility from $28.00 to $30.00 and gave the company an “outperform” rating in a research note on Thursday, August 21st. UBS Group raised 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. Finally, Weiss Ratings reissued a “hold (c-)” rating on shares of Verra Mobility in a research note on Wednesday, October 8th. One investment analyst has rated the stock with a Strong Buy rating, two have given a Buy rating and two have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $28.00.

Verra Mobility Price Performance

NASDAQ:VRRM opened at $23.21 on Friday. Verra Mobility has a 1-year low of $19.51 and a 1-year high of $27.20. The company has a current ratio of 2.28, a quick ratio of 2.21 and a debt-to-equity ratio of 2.93. The firm has a fifty day simple moving average of $24.39 and a 200 day simple moving average of $24.19. The stock has a market capitalization of $3.70 billion, a PE ratio of 72.53, a P/E/G ratio of 2.79 and a beta of 0.77.

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

Institutional Investors Weigh In On Verra Mobility

A number of institutional investors have recently modified their holdings of VRRM. Farther Finance Advisors LLC boosted its position in shares of Verra Mobility by 46.6% in 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. CWM LLC boosted its position in shares of Verra Mobility by 112.2% in the second quarter. CWM LLC now owns 1,509 shares of the company’s stock valued at $38,000 after acquiring an additional 798 shares during the period. EverSource Wealth Advisors LLC boosted its position in shares of Verra Mobility by 439.4% in 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 period. Caitong International Asset Management Co. Ltd boosted its position in shares of Verra Mobility by 13,638.5% in the first quarter. Caitong International Asset Management Co. Ltd now owns 1,786 shares of the company’s stock valued at $40,000 after acquiring an additional 1,773 shares during the period. Finally, Osaic Holdings Inc. boosted its position in shares of Verra Mobility by 285.8% in the second quarter. Osaic Holdings Inc. now owns 3,044 shares of the company’s stock valued at $72,000 after acquiring an additional 2,255 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.