Verra Mobility Co. (NASDAQ:VRRM) Shares Purchased by RiverPark Advisors LLC

RiverPark Advisors LLC lifted its position in Verra Mobility Co. (NASDAQ:VRRM) by 3.5% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 19,217 shares of the company’s stock after acquiring an additional 642 shares during the period. RiverPark Advisors LLC’s holdings in Verra Mobility were worth $534,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds also recently added to or reduced their stakes in VRRM. Allspring Global Investments Holdings LLC purchased a new stake in Verra Mobility in the first quarter valued at $26,000. ProShare Advisors LLC boosted its stake in shares of Verra Mobility by 5.3% during the 1st quarter. ProShare Advisors LLC now owns 28,240 shares of the company’s stock worth $705,000 after acquiring an additional 1,434 shares in the last quarter. Vanguard Group Inc. boosted its stake in shares of Verra Mobility by 1.3% during the 1st quarter. Vanguard Group Inc. now owns 17,466,733 shares of the company’s stock worth $436,144,000 after acquiring an additional 231,566 shares in the last quarter. O Shaughnessy Asset Management LLC boosted its stake in shares of Verra Mobility by 17.5% during the 1st quarter. O Shaughnessy Asset Management LLC now owns 12,270 shares of the company’s stock worth $306,000 after acquiring an additional 1,829 shares in the last quarter. Finally, UniSuper Management Pty Ltd purchased a new stake in shares of Verra Mobility during the 1st quarter worth about $782,000.

Analysts Set New Price Targets

Several equities research analysts have recently issued reports on the stock. Robert W. Baird lowered their target price on shares of Verra Mobility from $29.00 to $28.00 and set a “neutral” rating on the stock in a research note on Friday, November 1st. Morgan Stanley lowered their target price on shares of Verra Mobility from $26.00 to $25.00 and set an “equal weight” rating on the stock in a research note on Wednesday, October 30th. Finally, Deutsche Bank Aktiengesellschaft lowered their target price on shares of Verra Mobility from $31.00 to $29.00 and set a “buy” rating on the stock in a research note on Friday, November 1st.

Verra Mobility Trading Up 0.4 %

Shares of Verra Mobility stock opened at $23.42 on Friday. The firm has a market capitalization of $3.86 billion, a PE ratio of 39.03, a P/E/G ratio of 2.09 and a beta of 1.27. Verra Mobility Co. has a twelve month low of $19.63 and a twelve month high of $31.03. The firm’s 50-day moving average price is $26.25 and its 200 day moving average price is $27.08. The company has a current ratio of 2.61, a quick ratio of 2.52 and a debt-to-equity ratio of 2.13.

Verra Mobility (NASDAQ:VRRM) last released its quarterly earnings data on Thursday, October 31st. The company reported $0.32 EPS for the quarter, meeting analysts’ consensus estimates of $0.32. The company had revenue of $225.55 million during the quarter, compared to the consensus estimate of $226.65 million. Verra Mobility had a net margin of 11.64% and a return on equity of 38.97%. Verra Mobility’s quarterly revenue was up 7.4% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.27 EPS. On average, sell-side analysts predict that Verra Mobility Co. will post 1.08 EPS 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.