Verra Mobility Corp (NASDAQ:VRRM) Stock Has Consensus Target Price of $7.00 According to Analysts

Verra Mobility Corp (NASDAQ:VRRM) has been assigned a consensus rating of “Reduce” from the ten ratings firms that are presently covering the company, MarketBeat reports. One research analyst has rated the stock with a sell rating and nine have assigned a hold rating to the company. The average 12 month price objective among brokers that have covered the stock in the last year is $7.00.

A number of analysts have recently commented on VRRM shares. JPMorgan Chase & Co. upgraded shares of Verra Mobility from an “underweight” rating to a “neutral” rating and boosted their target price for the company from $5.00 to $6.00 in a report on Monday, July 13th. Morgan Stanley set a $5.00 price target on shares of Verra Mobility in a research note on Thursday, August 6th. UBS Group lifted their price target on shares of Verra Mobility from $4.00 to $6.00 and gave the company a “neutral” rating in a research report on Friday, August 7th. Weiss Ratings reiterated a “sell (d)” rating on shares of Verra Mobility in a research note on Monday, September 14th. Finally, Zacks Research upgraded shares of Verra Mobility from a “strong sell” rating to a “hold” rating in a research note on Thursday, August 13th.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the company. Sequoia Financial Advisors LLC bought a new stake in Verra Mobility in the 2nd quarter worth about $65,000. Tidal Investments LLC raised its holdings in shares of Verra Mobility by 57.9% during the second quarter. Tidal Investments LLC now owns 19,303 shares of the company’s stock valued at $82,000 after purchasing an additional 7,082 shares during the last quarter. Squarepoint Ops LLC raised its holdings in shares of Verra Mobility by 298.2% during the second quarter. Squarepoint Ops LLC now owns 52,680 shares of the company’s stock valued at $224,000 after purchasing an additional 39,449 shares during the last quarter. VIRGINIA RETIREMENT SYSTEMS ET Al bought a new position in Verra Mobility during the second quarter valued at approximately $136,000. Finally, Wedmont Private Capital bought a new position in Verra Mobility during the second quarter valued at approximately $166,000.

Verra Mobility Price Performance

VRRM stock opened at $2.92 on Monday. Verra Mobility has a 1 year low of $2.77 and a 1 year high of $25.45. The company has a market cap of $443.78 million, a P/E ratio of 11.23 and a beta of 0.42. The firm has a 50-day moving average of $4.08 and a 200 day moving average of $7.50. The company has a debt-to-equity ratio of 4.58, a current ratio of 2.06 and a quick ratio of 1.96.

Verra Mobility (NASDAQ:VRRM) last released its earnings results on Wednesday, August 5th. The company reported $0.38 EPS for the quarter, beating analysts’ consensus estimates of $0.33 by $0.05. The company had revenue of $263.59 million during the quarter, compared to analysts’ expectations of $254.81 million. Verra Mobility had a return on equity of 64.39% and a net margin of 4.40%.The firm’s revenue for the quarter was up 11.7% compared to the same quarter last year. During the same quarter last year, the business posted $0.34 EPS. On average, sell-side analysts forecast that Verra Mobility will post 1.11 EPS for the current year.

Verra Mobility Company Profile

Verra Mobility Corporation (NASDAQ: VRRM) is a smart mobility technology company that provides solutions designed to make transportation safer, more efficient and easier to manage. Its customers include government agencies, commercial fleets, rental car companies and other organizations that oversee vehicles, roads and transportation programs.

The company’s government solutions include automated traffic enforcement technologies and services, such as systems used to help administer red-light, speed, school-bus-stop-arm and other roadway safety programs.