Verra Mobility Corp $VRRM Shares Sold by Harbor Capital Advisors Inc.

Harbor Capital Advisors Inc. reduced its stake in Verra Mobility Corp (NASDAQ:VRRM) by 71.2% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 182,887 shares of the company’s stock after selling 453,031 shares during the period. Harbor Capital Advisors Inc. owned 0.11% of Verra Mobility worth $4,517,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also made changes to their positions in VRRM. Farther Finance Advisors LLC raised its holdings in Verra Mobility by 46.6% during the second quarter. Farther Finance Advisors LLC now owns 1,447 shares of the company’s stock worth $37,000 after purchasing an additional 460 shares in the last quarter. CWM LLC increased its position in shares of Verra Mobility by 112.2% during the 2nd quarter. CWM LLC now owns 1,509 shares of the company’s stock valued at $38,000 after purchasing an additional 798 shares during the period. EverSource Wealth Advisors LLC raised its stake in shares of Verra Mobility by 439.4% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 1,494 shares of the company’s stock worth $38,000 after buying an additional 1,217 shares in the last quarter. Osaic Holdings Inc. lifted its holdings in shares of Verra Mobility by 285.8% in the second quarter. Osaic Holdings Inc. now owns 3,044 shares of the company’s stock valued at $72,000 after buying an additional 2,255 shares during the period. Finally, Smartleaf Asset Management LLC boosted its stake in Verra Mobility by 46.7% during the second quarter. Smartleaf Asset Management LLC now owns 3,414 shares of the company’s stock valued at $87,000 after buying an additional 1,087 shares in the last quarter.

Analyst Upgrades and Downgrades

A number of research firms recently issued reports on VRRM. UBS Group lifted their target price on Verra Mobility from $29.00 to $31.00 and gave the stock a “buy” rating in a report on Thursday, October 30th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Verra Mobility in a research note on Monday. Finally, Wall Street Zen upgraded shares of Verra Mobility from a “buy” rating to a “strong-buy” rating in a report on Saturday, December 20th. One analyst has rated the stock with a Strong Buy rating, two have given a Buy rating and two have issued a Hold rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $28.00.

Verra Mobility Trading Up 0.3%

NASDAQ:VRRM opened at $22.34 on Thursday. The stock has a fifty day simple moving average of $22.58 and a 200 day simple moving average of $23.90. The firm has a market capitalization of $3.56 billion, a price-to-earnings ratio of 69.80, a price-to-earnings-growth ratio of 3.65 and a beta of 0.62. Verra Mobility Corp has a 1-year low of $19.51 and a 1-year high of $27.20. The company has a quick ratio of 2.35, a current ratio of 2.45 and a debt-to-equity ratio of 2.55.

Verra Mobility (NASDAQ:VRRM) last posted its quarterly earnings data on Wednesday, October 29th. The company reported $0.37 EPS for the quarter, beating analysts’ consensus estimates of $0.34 by $0.03. Verra Mobility had a net margin of 5.42% and a return on equity of 60.72%. The company had revenue of $261.94 million during the quarter, compared to analyst estimates of $237.68 million. During the same period in the prior year, the firm earned $0.32 earnings per share. The business’s quarterly revenue was up 16.1% on a year-over-year basis. Verra Mobility has set its FY 2025 guidance at 1.300-1.350 EPS. Sell-side analysts forecast that Verra Mobility Corp will post 1.08 earnings per share for the current year.

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.