Verra Mobility (NASDAQ:VRRM) Sets New 52-Week Low – What’s Next?

Verra Mobility Corp (NASDAQ:VRRM) reached a new 52-week low during mid-day trading on Tuesday . The stock traded as low as $12.99 and last traded at $13.37, with a volume of 1687663 shares trading hands. The stock had previously closed at $13.10.

Wall Street Analysts Forecast Growth

Several equities analysts have issued reports on the stock. Deutsche Bank Aktiengesellschaft restated a “buy” rating and issued a $22.00 price objective on shares of Verra Mobility in a research note on Thursday, May 7th. Weiss Ratings downgraded shares of Verra Mobility from a “hold (c-)” rating to a “sell (d+)” rating in a research note on Monday, May 4th. Wall Street Zen downgraded shares of Verra Mobility from a “buy” rating to a “hold” rating in a research note on Saturday, May 9th. JPMorgan Chase & Co. decreased their price objective on shares of Verra Mobility from $19.00 to $17.00 and set a “neutral” rating for the company in a research note on Friday. Finally, Morgan Stanley set a $15.00 price objective on shares of Verra Mobility in a research note on Thursday, May 7th. Three equities research analysts have rated the stock with a Buy rating, two have given a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, the company has an average rating of “Hold” and an average price target of $21.00.

Verra Mobility Trading Up 2.1%

The business has a fifty day moving average of $14.68 and a two-hundred day moving average of $18.80. The firm has a market cap of $2.03 billion, a price-to-earnings ratio of 16.31, a PEG ratio of 2.62 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.

Verra Mobility (NASDAQ:VRRM) last posted 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. Verra Mobility had a net margin of 13.38% and a return on equity of 55.59%. The firm had revenue of $223.57 million during the quarter, compared to the consensus estimate of $223.34 million. During the same period last year, the firm posted $0.30 EPS. The firm’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. As a group, equities analysts expect that Verra Mobility Corp will post 1.23 earnings per share for the current fiscal year.

Institutional Trading of Verra Mobility

Hedge funds have recently added to or reduced their stakes in the business. Wellington Management Group LLP boosted its holdings in shares of Verra Mobility by 4.9% in the 4th quarter. Wellington Management Group LLP now owns 7,059,237 shares of the company’s stock valued at $158,198,000 after purchasing an additional 329,264 shares during the last quarter. JPMorgan Chase & Co. boosted its holdings in shares of Verra Mobility by 4.7% in the 3rd quarter. JPMorgan Chase & Co. now owns 6,223,576 shares of the company’s stock valued at $153,722,000 after purchasing an additional 281,465 shares during the last quarter. Morgan Stanley boosted its holdings in shares of Verra Mobility by 44.8% in the 4th quarter. Morgan Stanley now owns 4,194,005 shares of the company’s stock valued at $93,988,000 after purchasing an additional 1,296,602 shares during the last quarter. William Blair Investment Management LLC boosted its holdings in shares of 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 valued at $85,942,000 after purchasing an additional 896,564 shares during the last quarter. Finally, Dimensional Fund Advisors LP lifted its holdings in shares of Verra Mobility by 0.7% during the 4th quarter. Dimensional Fund Advisors LP now owns 3,316,850 shares of the company’s stock valued at $74,333,000 after acquiring an additional 24,682 shares in the last quarter.

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.