Verra Mobility Corp $VRRM Shares Sold by SG Americas Securities LLC

SG Americas Securities LLC lessened its holdings in shares of Verra Mobility Corp (NASDAQ:VRRM) by 73.4% during the first quarter, HoldingsChannel.com reports. The institutional investor owned 71,798 shares of the company’s stock after selling 197,851 shares during the quarter. SG Americas Securities LLC’s holdings in Verra Mobility were worth $1,026,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Global Retirement Partners LLC bought a new position in Verra Mobility in the 4th quarter worth approximately $27,000. Caitong International Asset Management Co. Ltd increased its position in Verra Mobility by 967.8% in the 4th quarter. Caitong International Asset Management Co. Ltd now owns 1,260 shares of the company’s stock valued at $28,000 after acquiring an additional 1,142 shares during the period. EverSource Wealth Advisors LLC raised its stake in Verra Mobility by 439.4% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 1,494 shares of the company’s stock valued at $38,000 after acquiring an additional 1,217 shares in the last quarter. Salomon & Ludwin LLC raised its stake in Verra Mobility by 100.7% during the 4th quarter. Salomon & Ludwin LLC now owns 1,497 shares of the company’s stock valued at $34,000 after acquiring an additional 751 shares in the last quarter. Finally, Neo Ivy Capital Management acquired a new position in Verra Mobility during the 3rd quarter worth $60,000.

Wall Street Analyst Weigh In

VRRM has been the subject of several recent analyst reports. Wall Street Zen cut Verra Mobility from a “buy” rating to a “hold” rating in a research note on Saturday, May 9th. Northcoast Research restated a “neutral” rating on shares of Verra Mobility in a research note on Wednesday, May 27th. UBS Group downgraded shares of Verra Mobility from a “buy” rating to a “neutral” rating and reduced their price objective for the stock from $23.00 to $4.00 in a report on Thursday, May 28th. Zacks Research lowered shares of Verra Mobility from a “hold” rating to a “strong sell” rating in a research report on Monday, June 1st. Finally, William Blair cut shares of Verra Mobility from an “outperform” rating to a “market perform” rating in a research note on Wednesday, May 27th. Seven equities research analysts have rated the stock with a Hold rating and three have issued a Sell rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Reduce” and an average target price of $6.83.

Verra Mobility Stock Performance

VRRM opened at $4.30 on Friday. The company has a market capitalization of $653.21 million, a price-to-earnings ratio of 5.24 and a beta of 0.43. The company has a debt-to-equity ratio of 3.76, a current ratio of 1.89 and a quick ratio of 1.77. Verra Mobility Corp has a 1-year low of $3.40 and a 1-year high of $25.73. The business has a 50 day moving average price of $8.65 and a two-hundred day moving average price of $14.97.

Verra Mobility (NASDAQ:VRRM) last issued its quarterly earnings results on Wednesday, May 6th. The company reported $0.25 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.25. Verra Mobility had a return on equity of 55.59% and a net margin of 13.38%.The company had revenue of $223.57 million for the quarter, compared to analysts’ expectations of $223.34 million. During the same period last year, the firm earned $0.30 EPS. The firm’s revenue for the quarter was up .1% on a year-over-year basis. Verra Mobility has set its FY 2026 guidance at 1.320-1.380 EPS. Research analysts predict that Verra Mobility Corp will post 1.08 EPS for the current fiscal year.

Verra Mobility 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.