Summit Creek Advisors LLC Sells 25,150 Shares of Verra Mobility Corp $VRRM

Summit Creek Advisors LLC decreased its holdings in shares of Verra Mobility Corp (NASDAQ:VRRM) by 6.7% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 348,320 shares of the company’s stock after selling 25,150 shares during the quarter. Summit Creek Advisors LLC owned about 0.22% of Verra Mobility worth $8,604,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

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

Wall Street Analyst Weigh In

VRRM has been the topic of a number of recent analyst reports. UBS Group increased their price target on shares of 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 report on Monday, December 29th. Finally, Wall Street Zen raised shares of Verra Mobility from a “buy” rating to a “strong-buy” rating in a report on Saturday, December 20th. One investment analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating and two have given a Hold rating to the stock. According to data from MarketBeat, Verra Mobility has a consensus rating of “Moderate Buy” and a consensus target price of $28.00.

Verra Mobility Price Performance

VRRM stock opened at $23.18 on Monday. The firm has a 50 day simple moving average of $22.22 and a two-hundred day simple moving average of $23.76. The stock has a market cap of $3.70 billion, a PE ratio of 72.44, a P/E/G ratio of 3.68 and a beta of 0.60. Verra Mobility Corp has a one year low of $19.51 and a one year high of $27.20. The company has a debt-to-equity ratio of 2.55, a current ratio of 2.45 and a quick ratio of 2.35.

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

Verra Mobility Company Profile

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.