Verra Mobility Corp (NASDAQ:VRRM) Given Average Recommendation of “Buy” by Analysts

Verra Mobility Corp (NASDAQ:VRRM) has been assigned a consensus rating of “Buy” from the five ratings firms that are currently covering the company, Marketbeat.com reports. One analyst has rated the stock with a hold recommendation, three have given a buy recommendation and one has given a strong buy recommendation to the company. The average 12 month price objective among brokerages that have issued ratings on the stock in the last year is $27.8750.

VRRM has been the topic of several analyst reports. Wall Street Zen lowered Verra Mobility from a “strong-buy” rating to a “buy” rating in a report on Saturday, July 26th. Robert W. Baird upped their target price on Verra Mobility from $28.00 to $30.00 and gave the stock an “outperform” rating in a report on Thursday, August 21st.

Institutional Trading of Verra Mobility

Several institutional investors and hedge funds have recently bought and sold shares of VRRM. GAMMA Investing LLC boosted its holdings in shares of Verra Mobility by 11.6% during the 2nd quarter. GAMMA Investing LLC now owns 4,128 shares of the company’s stock valued at $105,000 after acquiring an additional 430 shares in the last quarter. Farther Finance Advisors LLC boosted its holdings in shares of Verra Mobility by 46.6% during the 2nd quarter. Farther Finance Advisors LLC now owns 1,447 shares of the company’s stock valued at $37,000 after acquiring an additional 460 shares in the last quarter. Xponance Inc. boosted its holdings in shares of Verra Mobility by 4.9% during the 1st quarter. Xponance Inc. now owns 12,451 shares of the company’s stock valued at $280,000 after acquiring an additional 586 shares in the last quarter. Police & Firemen s Retirement System of New Jersey boosted its holdings in shares of Verra Mobility by 1.8% during the 2nd quarter. Police & Firemen s Retirement System of New Jersey now owns 36,077 shares of the company’s stock valued at $916,000 after acquiring an additional 629 shares in the last quarter. Finally, Townsquare Capital LLC boosted its holdings in shares of Verra Mobility by 5.9% during the 1st quarter. Townsquare Capital LLC now owns 12,110 shares of the company’s stock valued at $273,000 after acquiring an additional 674 shares in the last quarter.

Verra Mobility Stock Performance

Shares of Verra Mobility stock opened at $24.36 on Thursday. The firm has a market cap of $3.89 billion, a price-to-earnings ratio of 101.50, a price-to-earnings-growth ratio of 2.85 and a beta of 0.80. The stock’s 50-day moving average is $24.63 and its 200-day moving average is $23.60. Verra Mobility has a one year low of $19.51 and a one year high of $28.06. The company has a debt-to-equity ratio of 2.93, a current ratio of 2.28 and a quick ratio of 2.21.

Verra Mobility (NASDAQ:VRRM) last issued its quarterly earnings results on Wednesday, August 6th. The company reported $0.34 EPS for the quarter, beating analysts’ consensus estimates of $0.33 by $0.01. The company had revenue of $236.03 million for the quarter, compared to analyst estimates of $232.78 million. Verra Mobility had a return on equity of 55.14% and a net margin of 4.30%.The company’s quarterly revenue was up 6.1% compared to the same quarter last year. During the same period in the previous year, the company posted $0.31 earnings per share. Equities analysts predict that Verra Mobility will post 1.08 earnings per share for the current fiscal year.

About Verra Mobility

Verra Mobility Corporation provides smart mobility technology solutions and services in the United States, Australia, Canada, and Europe. It operates through three segments: Commercial Services, Government Solutions, and Parking Solutions. The Commercial Services segment provides automated toll and violations management, and title and registration services to rental car companies, fleet management companies, and other large fleet owners.