Verra Mobility (NASDAQ:VRRM) Trading 10.4% Higher – Time to Buy?

Verra Mobility Corp (NASDAQ:VRRM) traded up 10.4% during mid-day trading on Monday . The company traded as high as $5.18 and last traded at $5.1550. 2,493,335 shares were traded during trading, a decline of 29% from the average session volume of 3,533,843 shares. The stock had previously closed at $4.67.

Wall Street Analyst Weigh In

A number of research analysts have issued reports on the company. Morgan Stanley set a $4.00 price objective on Verra Mobility in a report on Wednesday, May 27th. Deutsche Bank Aktiengesellschaft reiterated a “hold” rating and issued a $9.00 price objective (down from $22.00) on shares of Verra Mobility in a research report on Wednesday, May 27th. Northcoast Research reiterated a “neutral” rating on shares of Verra Mobility in a research report on Wednesday, May 27th. CJS Securities lowered Verra Mobility from a “market outperform” rating to a “market perform” rating and set a $10.00 price objective for the company. in a research report on Wednesday, May 27th. Finally, JPMorgan Chase & Co. reiterated an “underweight” rating and issued a $8.00 price objective (down from $17.00) on shares of Verra Mobility in a research report on Wednesday, May 27th. Seven analysts have rated the stock with a Hold rating and three have assigned a Sell rating to the company’s stock. According to MarketBeat.com, Verra Mobility currently has an average rating of “Reduce” and a consensus target price of $6.83.

Verra Mobility Stock Performance

The company has a debt-to-equity ratio of 3.76, a current ratio of 1.89 and a quick ratio of 1.77. The stock has a market capitalization of $753.78 million, a price-to-earnings ratio of 6.05 and a beta of 0.44. The stock has a 50-day moving average of $11.78 and a 200 day moving average of $16.74.

Verra Mobility (NASDAQ:VRRM) last issued its earnings results on Wednesday, May 6th. The company reported $0.25 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.25. Verra Mobility had a return on equity of 55.59% and a net margin of 13.38%.The firm had revenue of $223.57 million for the quarter, compared to analysts’ expectations of $223.34 million. During the same quarter last year, the business earned $0.30 earnings per share. The company’s revenue was up .1% compared to the same quarter last year. Verra Mobility has set its FY 2026 guidance at 1.320-1.380 EPS. On average, analysts expect that Verra Mobility Corp will post 1.08 EPS for the current year.

Hedge Funds Weigh In On Verra Mobility

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in VRRM. Norges Bank bought a new position in Verra Mobility during the fourth quarter worth about $68,608,000. River Road Asset Management LLC boosted its holdings in Verra Mobility by 441.6% during the fourth quarter. River Road Asset Management LLC now owns 2,984,760 shares of the company’s stock worth $66,888,000 after buying an additional 2,433,610 shares during the last quarter. Morgan Stanley boosted its holdings in Verra Mobility by 44.8% during the fourth quarter. Morgan Stanley now owns 4,194,005 shares of the company’s stock worth $93,988,000 after buying an additional 1,296,602 shares during the last quarter. Goldman Sachs Group Inc. boosted its holdings in Verra Mobility by 71.8% during the fourth quarter. Goldman Sachs Group Inc. now owns 2,924,781 shares of the company’s stock worth $65,544,000 after buying an additional 1,222,116 shares during the last quarter. Finally, William Blair Investment Management LLC boosted its holdings in Verra Mobility by 34.7% during the third quarter. William Blair Investment Management LLC now owns 3,479,448 shares of the company’s stock worth $85,942,000 after buying an additional 896,564 shares during the last quarter.

Verra Mobility Company Profile

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.