Verra Mobility Corp (NASDAQ:VRRM) has earned a consensus broker rating score of 1.00 (Strong Buy) from the four brokers that provide coverage for the stock, Zacks Investment Research reports. Four research analysts have rated the stock with a strong buy rating.
Brokerages have set a 1-year consensus price objective of $16.00 for the company and are predicting that the company will post $0.19 earnings per share for the current quarter, according to Zacks. Zacks has also assigned Verra Mobility an industry rank of 106 out of 256 based on the ratings given to its competitors.
A number of brokerages recently commented on VRRM. BTIG Research began coverage on Verra Mobility in a research note on Wednesday, March 27th. They issued a “buy” rating and a $15.00 price target for the company. Zacks Investment Research lowered Yatra Online from a “hold” rating to a “sell” rating in a research note on Saturday, July 6th. ValuEngine lowered Zogenix from a “strong-buy” rating to a “buy” rating in a research note on Thursday, April 11th. William Blair began coverage on Verra Mobility in a research note on Wednesday, April 24th. They issued an “outperform” rating and a $13.08 price target for the company. Finally, Robert W. Baird set a $25.00 price target on Actuant and gave the stock a “buy” rating in a research note on Thursday, June 27th.
Verra Mobility (NASDAQ:VRRM) last announced its quarterly earnings results on Monday, May 6th. The company reported $0.17 EPS for the quarter, topping analysts’ consensus estimates of $0.10 by $0.07. The business had revenue of $98.46 million during the quarter, compared to analysts’ expectations of $91.60 million. Sell-side analysts anticipate that Verra Mobility will post 0.8 earnings per share for the current year.
In related news, Director Platinum Equity Llc sold 2,250,000 shares of the firm’s stock in a transaction on Monday, July 8th. The stock was sold at an average price of $12.13, for a total value of $27,292,500.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Company insiders own 0.72% of the company’s stock.
Institutional investors and hedge funds have recently bought and sold shares of the business. BlackRock Inc. bought a new position in Verra Mobility in the fourth quarter worth $2,959,000. Manning & Napier Group LLC bought a new position in Verra Mobility in the first quarter worth $5,069,000. Northern Trust Corp bought a new position in Verra Mobility in the fourth quarter worth $2,472,000. Bank of New York Mellon Corp bought a new position in Verra Mobility in the fourth quarter worth $575,000. Finally, Hudson Bay Capital Management LP bought a new position in Verra Mobility in the fourth quarter worth $3,618,000. Institutional investors and hedge funds own 42.01% of the company’s stock.
About Verra Mobility
Verra Mobility Corporation provides smart mobility technology solutions and services in the United States, Canada, and Europe. It operates through two segments, Government Solutions and Commercial Services. The Government Solutions segment offers automated safety solutions, including services and technologies that enable photo enforcement through road safety camera programs related to red light, speed, school bus, and city bus lanes.
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