Verra Mobility (NASDAQ:VRRM) Reaches New 12-Month Low – Time to Sell?

Verra Mobility Corp (NASDAQ:VRRM)’s stock price reached a new 52-week low on Thursday . The stock traded as low as $3.38 and last traded at $3.41, with a volume of 8082926 shares changing hands. The stock had previously closed at $3.54.

Wall Street Analysts Forecast Growth

A number of analysts recently commented on the stock. Zacks Research upgraded shares of Verra Mobility from a “strong sell” rating to a “hold” rating in a report on Thursday, August 13th. Northcoast Research reiterated a “neutral” rating on shares of Verra Mobility in a research report on Wednesday, May 27th. UBS Group raised their price objective on Verra Mobility from $4.00 to $6.00 and gave the stock a “neutral” rating in a research note on Friday, August 7th. CJS Securities downgraded shares of Verra Mobility from a “market outperform” rating to a “market perform” rating and set a $10.00 target price on the stock. in a research note on Wednesday, May 27th. Finally, William Blair cut Verra Mobility from an “outperform” rating to a “market perform” rating in a research note on Wednesday, May 27th. Nine analysts have rated the stock with a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Reduce” and an average price target of $7.00.

Verra Mobility Price Performance

The stock’s fifty day moving average is $4.40 and its 200-day moving average is $8.83. The company has a debt-to-equity ratio of 4.58, a current ratio of 2.06 and a quick ratio of 1.96. The stock has a market capitalization of $518.25 million, a P/E ratio of 13.12 and a beta of 0.38.

Verra Mobility (NASDAQ:VRRM) last announced its quarterly earnings results on Wednesday, August 5th. The company reported $0.38 earnings per share for the quarter, topping analysts’ consensus estimates of $0.33 by $0.05. Verra Mobility had a return on equity of 64.39% and a net margin of 4.40%.The company had revenue of $263.59 million during the quarter, compared to analysts’ expectations of $254.81 million. During the same quarter in the previous year, the firm earned $0.34 earnings per share. The business’s quarterly revenue was up 11.7% compared to the same quarter last year. On average, equities analysts anticipate that Verra Mobility Corp will post 1.11 earnings per share for the current year.

Institutional Trading of Verra Mobility

Several hedge funds have recently added to or reduced their stakes in VRRM. Norges Bank acquired a new stake in Verra Mobility during the fourth quarter worth about $68,608,000. River Road Asset Management LLC increased its stake in Verra Mobility by 441.6% in the fourth quarter. River Road Asset Management LLC now owns 2,984,760 shares of the company’s stock valued at $66,888,000 after acquiring an additional 2,433,610 shares during the period. Arrowstreet Capital Limited Partnership increased its stake in Verra Mobility by 206.3% in the first quarter. Arrowstreet Capital Limited Partnership now owns 935,021 shares of the company’s stock valued at $13,361,000 after acquiring an additional 629,754 shares during the period. Hawk Ridge Capital Management LP acquired a new position in Verra Mobility in the first quarter worth about $6,390,000. Finally, Bank of America Corp DE raised its position in Verra Mobility by 34.4% in the first quarter. Bank of America Corp DE now owns 1,576,119 shares of the company’s stock worth $22,523,000 after purchasing an additional 403,638 shares in the last quarter.

About Verra Mobility

Verra Mobility Corp. (NASDAQ:VRRM) is a technology company that provides smart mobility and transportation safety solutions to government agencies, commercial fleets, rental car companies and parking operators. Its platform is designed to help organizations manage vehicles, roadways, parking operations and transportation-related compliance.

Through its Government Solutions business, Verra Mobility provides automated traffic-enforcement systems and related services, including red-light, speed and school-zone enforcement, school-bus stop-arm safety programs, toll and violation processing, and other camera-based roadway safety technologies.