Verra Mobility (NASDAQ:VRRM) Sets New 1-Year Low Following Analyst Downgrade

Shares of Verra Mobility Corp (NASDAQ:VRRM) hit a new 52-week low during mid-day trading on Wednesday after CJS Securities downgraded the stock from a market outperform rating to a market perform rating. CJS Securities now has a $10.00 price target on the stock. Verra Mobility traded as low as $3.85 and last traded at $3.6980, with a volume of 9050205 shares traded. The stock had previously closed at $13.08.

A number of other analysts also recently weighed in on VRRM. William Blair downgraded Verra Mobility from an “outperform” rating to a “market perform” rating in a research note on Wednesday. Deutsche Bank Aktiengesellschaft cut Verra Mobility from a “buy” rating to a “hold” rating and cut their price objective for the stock from $22.00 to $9.00 in a research report on Wednesday. Weiss Ratings lowered shares of Verra Mobility from a “hold (c-)” rating to a “sell (d+)” rating in a research report on Monday, May 4th. Robert W. Baird reaffirmed a “neutral” rating and set a $8.00 price target (down from $20.00) on shares of Verra Mobility in a research note on Wednesday. Finally, JPMorgan Chase & Co. cut their price target on shares of Verra Mobility from $19.00 to $17.00 and set a “neutral” rating for the company in a report on Friday, May 15th. One equities research analyst has rated the stock with a Buy rating, six have issued a Hold rating and two have given a Sell rating to the stock. According to data from MarketBeat, Verra Mobility presently has a consensus rating of “Reduce” and an average price target of $13.50.

Institutional Investors Weigh In On Verra Mobility

A number of institutional investors and hedge funds have recently modified their holdings of the company. Royal Bank of Canada increased its stake in Verra Mobility by 14.3% in the 1st quarter. Royal Bank of Canada now owns 148,464 shares of the company’s stock valued at $3,342,000 after purchasing an additional 18,562 shares in the last quarter. AQR Capital Management LLC boosted its position in Verra Mobility by 21.7% during the first quarter. AQR Capital Management LLC now owns 34,501 shares of the company’s stock worth $777,000 after purchasing an additional 6,153 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its position in Verra Mobility by 4.6% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 98,120 shares of the company’s stock worth $2,209,000 after purchasing an additional 4,302 shares in the last quarter. Millennium Management LLC grew its holdings in Verra Mobility by 208.0% in the first quarter. Millennium Management LLC now owns 375,421 shares of the company’s stock valued at $8,451,000 after purchasing an additional 253,529 shares during the last quarter. Finally, Goldman Sachs Group Inc. increased its position in shares of Verra Mobility by 33.0% in the first quarter. Goldman Sachs Group Inc. now owns 1,182,297 shares of the company’s stock valued at $26,614,000 after buying an additional 293,082 shares in the last quarter.

Verra Mobility Trading Down 71.6%

The firm has a market cap of $564.79 million, a PE ratio of 4.41, a PEG ratio of 2.72 and a beta of 0.67. The company has a debt-to-equity ratio of 3.76, a current ratio of 1.89 and a quick ratio of 1.77. The business has a 50-day moving average price of $14.39 and a two-hundred day moving average price of $18.38.

Verra Mobility (NASDAQ:VRRM) last issued its quarterly earnings data on Wednesday, May 6th. The company reported $0.25 EPS for the quarter, meeting analysts’ consensus estimates of $0.25. Verra Mobility had a net margin of 13.38% and a return on equity of 55.59%. The firm had revenue of $223.57 million for the quarter, compared to analysts’ expectations of $223.34 million. During the same period in the prior year, the company earned $0.30 EPS. The firm’s revenue was up .1% on a year-over-year basis. Verra Mobility has set its FY 2026 guidance at 1.320-1.380 EPS. Analysts forecast that Verra Mobility Corp will post 1.22 EPS 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.