Verra Mobility (NASDAQ:VRRM) Raised to “B” at TheStreet

Verra Mobility (NASDAQ:VRRM) was upgraded by equities research analysts at TheStreet from a “c-” rating to a “b” rating in a report released on Tuesday, TheStreetRatingsTable reports.

A number of other research firms also recently commented on VRRM. BTIG Research restated a “buy” rating and set a $20.00 price target on shares of Verra Mobility in a research report on Friday, November 5th. Zacks Investment Research downgraded shares of Verra Mobility from a “buy” rating to a “hold” rating in a report on Friday, November 12th. Credit Suisse Group boosted their target price on shares of Verra Mobility from $18.50 to $19.00 and gave the stock an “outperform” rating in a report on Tuesday, November 9th. Finally, Morgan Stanley boosted their target price on shares of Verra Mobility from $16.00 to $17.00 and gave the stock an “equal weight” rating in a report on Tuesday, August 10th. Two investment analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. According to data from MarketBeat.com, Verra Mobility currently has a consensus rating of “Buy” and a consensus price target of $18.25.

NASDAQ VRRM opened at $15.44 on Tuesday. Verra Mobility has a one year low of $12.07 and a one year high of $17.50. The company has a 50-day simple moving average of $15.29 and a 200-day simple moving average of $15.17. The company has a debt-to-equity ratio of 3.96, a quick ratio of 3.18 and a current ratio of 3.18. The firm has a market capitalization of $2.41 billion, a PE ratio of 154.40 and a beta of 1.42.

Verra Mobility (NASDAQ:VRRM) last posted its earnings results on Thursday, November 4th. The company reported $0.27 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.17 by $0.10. The firm had revenue of $162.10 million during the quarter, compared to analyst estimates of $152.40 million. Verra Mobility had a net margin of 4.36% and a return on equity of 24.84%. During the same period in the previous year, the business posted $0.13 EPS. Equities analysts forecast that Verra Mobility will post 0.69 earnings per share for the current year.

In other Verra Mobility news, CEO David Martin Roberts sold 37,500 shares of the business’s stock in a transaction that occurred on Tuesday, November 2nd. The shares were sold at an average price of $16.02, for a total value of $600,750.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CFO Patricia Chiodo sold 80,000 shares of the business’s stock in a transaction that occurred on Monday, October 25th. The stock was sold at an average price of $14.76, for a total transaction of $1,180,800.00. The disclosure for this sale can be found here. Company insiders own 1.10% of the company’s stock.

A number of large investors have recently added to or reduced their stakes in the stock. Liontrust Investment Partners LLP acquired a new position in shares of Verra Mobility in the 3rd quarter valued at $9,168,000. Bank of New York Mellon Corp raised its stake in shares of Verra Mobility by 8.7% in the 3rd quarter. Bank of New York Mellon Corp now owns 556,689 shares of the company’s stock valued at $8,389,000 after buying an additional 44,646 shares in the last quarter. Schonfeld Strategic Advisors LLC raised its stake in shares of Verra Mobility by 252.1% in the 3rd quarter. Schonfeld Strategic Advisors LLC now owns 41,900 shares of the company’s stock valued at $632,000 after buying an additional 30,000 shares in the last quarter. BNP Paribas Arbitrage SA raised its stake in shares of Verra Mobility by 430.1% in the 3rd quarter. BNP Paribas Arbitrage SA now owns 26,518 shares of the company’s stock valued at $400,000 after buying an additional 21,516 shares in the last quarter. Finally, Janus Henderson Group PLC acquired a new position in shares of Verra Mobility in the 3rd quarter valued at $210,000.

About Verra Mobility

Verra Mobility Corp. engages in the provision of smart mobility technology solutions and services. It operates through the Government Solutions and Commercial Services segments. The Government Solutions segment delivers traffic law enforcement services and products to state and local governments. The Commercial Services segment offers tolling and violation management services to rental car companies, commercial fleet vehicle owners, and violation issuing authorities.

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