Verra Mobility (NASDAQ:VRRM) Price Target Cut to $6.00 by Analysts at Robert W. Baird

Verra Mobility (NASDAQ:VRRM) had its price target dropped by equities research analysts at Robert W. Baird from $8.00 to $6.00 in a note issued to investors on Tuesday,Benzinga reports. The brokerage presently has a “neutral” rating on the stock. Robert W. Baird’s target price suggests a potential upside of 22.70% from the stock’s current price.

A number of other research analysts have also commented on the company. Wall Street Zen lowered Verra Mobility from a “buy” rating to a “hold” rating in a report on Saturday, May 9th. CJS Securities lowered Verra Mobility from a “market outperform” rating to a “market perform” rating and set a $10.00 price target on the stock. in a report on Wednesday, May 27th. UBS Group lowered Verra Mobility from a “buy” rating to a “neutral” rating and lowered their price target for the company from $23.00 to $4.00 in a report on Thursday. Weiss Ratings downgraded Verra Mobility from a “hold (c-)” rating to a “sell (d+)” rating in a research note on Monday, May 4th. Finally, Northcoast Research reissued a “neutral” rating on shares of Verra Mobility in a research note on Wednesday, May 27th. Seven investment analysts have rated the stock with a Hold rating and two have assigned a Sell rating to the company. According to MarketBeat, the stock currently has an average rating of “Reduce” and an average target price of $6.83.

Verra Mobility Trading Up 8.4%

NASDAQ:VRRM opened at $4.89 on Tuesday. The stock has a market cap of $742.83 million, a price-to-earnings ratio of 5.96, a PEG ratio of 1.03 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 has a 1 year low of $3.40 and a 1 year high of $25.83. The business has a fifty day moving average of $13.56 and a 200-day moving average of $17.86.

Verra Mobility (NASDAQ:VRRM) last issued its quarterly earnings results on Wednesday, May 6th. The company reported $0.25 EPS for the quarter, meeting analysts’ consensus estimates of $0.25. The company 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 company’s quarterly revenue was up .1% compared to the same quarter last year. During the same period last year, the company earned $0.30 earnings per share. Verra Mobility has set its FY 2026 guidance at 1.320-1.380 EPS. Equities analysts predict that Verra Mobility will post 1.08 earnings per share for the current year.

Institutional Investors Weigh In On Verra Mobility

A number of institutional investors and hedge funds have recently modified their holdings of VRRM. Norges Bank acquired a new stake in shares of Verra Mobility during the fourth quarter worth $68,608,000. River Road Asset Management LLC raised its position in shares of 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 purchasing an additional 2,433,610 shares during the period. Morgan Stanley raised its position in shares of 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 purchasing an additional 1,296,602 shares during the period. Goldman Sachs Group Inc. raised its position in shares of 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 purchasing an additional 1,222,116 shares during the period. Finally, William Blair Investment Management LLC raised its position in shares of 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 purchasing an additional 896,564 shares during the period.

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.