Verra Mobility’s (VRRM) “Neutral” Rating Reaffirmed at Northcoast Research

Verra Mobility (NASDAQ:VRRM)‘s stock had its “neutral” rating restated by investment analysts at Northcoast Research in a note issued to investors on Wednesday, Marketbeat.com reports.

A number of other equities analysts have also commented on the stock. Weiss Ratings lowered shares of Verra Mobility from a “hold (c-)” rating to a “sell (d+)” rating in a research report on Monday, May 4th. Robert W. Baird reiterated a “neutral” rating and issued a $8.00 price target (down from $20.00) on shares of Verra Mobility in a report on Wednesday. Wall Street Zen downgraded Verra Mobility from a “buy” rating to a “hold” rating in a report on Saturday, May 9th. Morgan Stanley set a $15.00 target price on Verra Mobility in a research report on Thursday, May 7th. Finally, JPMorgan Chase & Co. reiterated an “underweight” rating and issued a $8.00 target price (down from $17.00) on shares of Verra Mobility in a report on Wednesday. One analyst has rated the stock with a Buy rating, six have assigned a Hold rating and two have issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Reduce” and an average target price of $13.50.

Verra Mobility Trading Down 72.2%

VRRM traded down $9.44 during trading hours on Wednesday, reaching $3.64. 18,176,446 shares of the company’s stock traded hands, compared to its average volume of 1,799,812. The firm has a 50-day moving average price of $14.39 and a 200 day moving average price of $18.38. Verra Mobility has a 52-week low of $3.60 and a 52-week high of $25.83. The company has a quick ratio of 1.77, a current ratio of 1.89 and a debt-to-equity ratio of 3.76. The firm has a market capitalization of $553.09 million, a PE ratio of 4.41, a PEG ratio of 2.72 and a beta of 0.67.

Verra Mobility (NASDAQ:VRRM) last released its earnings results on Wednesday, May 6th. The company reported $0.25 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.25. The business had revenue of $223.57 million for the quarter, compared to analyst estimates of $223.34 million. Verra Mobility had a return on equity of 55.59% and a net margin of 13.38%.The business’s revenue was up .1% compared to the same quarter last year. During the same quarter last year, the firm posted $0.30 earnings per share. Verra Mobility has set its FY 2026 guidance at 1.320-1.380 EPS. As a group, sell-side analysts predict that Verra Mobility will post 1.22 EPS for the current fiscal year.

Institutional Trading of Verra Mobility

Hedge funds have recently bought and sold shares of the stock. SG Americas Securities LLC boosted its position in Verra Mobility by 144.4% during the fourth quarter. SG Americas Securities LLC now owns 269,649 shares of the company’s stock valued at $6,043,000 after purchasing an additional 159,331 shares in the last quarter. Sunriver Management LLC raised its holdings in Verra Mobility by 10.7% in the third quarter. Sunriver Management LLC now owns 2,284,774 shares of the company’s stock worth $56,434,000 after purchasing an additional 219,976 shares in the last quarter. Comerica Bank lifted its position in shares of Verra Mobility by 134.3% during the fourth quarter. Comerica Bank now owns 139,349 shares of the company’s stock valued at $3,123,000 after buying an additional 79,887 shares during the last quarter. Thornburg Investment Management Inc. bought a new stake in shares of Verra Mobility in the 3rd quarter valued at about $7,597,000. Finally, 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 buying an additional 896,564 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.