Verra Mobility (NASDAQ:VRRM) Hits New 1-Year Low – Should You Sell?

Verra Mobility Corp (NASDAQ:VRRM) shares reached a new 52-week low during mid-day trading on Friday. The stock traded as low as $2.60 and last traded at $2.80, with a volume of 13,084,204 shares traded. The stock had previously closed at $3.34.

Wall Street Analysts Forecast Growth

VRRM has been the topic of a number of analyst reports. Weiss Ratings reiterated a “sell (d)” rating on shares of Verra Mobility in a research note on Monday, September 14th. UBS Group raised their price objective on shares of Verra Mobility from $4.00 to $6.00 and gave the company a “neutral” rating in a research note on Friday, August 7th. Morgan Stanley set a $5.00 target price on shares of Verra Mobility in a report on Thursday, August 6th. Zacks Research upgraded shares of Verra Mobility from a “strong sell” rating to a “hold” rating in a research note on Thursday, August 13th. Finally, JPMorgan Chase & Co. dropped their target price on shares of Verra Mobility from $6.00 to $5.00 and set a “neutral” rating on the stock in a research note on Tuesday, October 13th. Nine research analysts have rated the stock with a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Reduce” and an average price target of $6.83.

Verra Mobility Stock Performance

The stock has a market capitalization of $425.54 million, a P/E ratio of 10.77 and a beta of 0.42. The company has a quick ratio of 1.96, a current ratio of 2.06 and a debt-to-equity ratio of 4.58. The business has a fifty day moving average price of $3.43 and a 200-day moving average price of $9.59.

Verra Mobility (NASDAQ:VRRM) last released its quarterly earnings data on Friday, October 30th. The company reported $0.36 EPS for the quarter, topping the consensus estimate of $0.26 by $0.10. Verra Mobility had a return on equity of 64.39% and a net margin of 4.40%. The company had revenue of $258.88 million during the quarter, compared to the consensus estimate of $240.57 million. During the same period last year, the company earned $0.37 EPS. Verra Mobility’s revenue for the quarter was down 1.2% on a year-over-year basis. On average, sell-side analysts expect that Verra Mobility Corp will post 1.10 EPS for the current year.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Annis Gardner Whiting Capital Advisors LLC bought a new position in shares of Verra Mobility during the 1st quarter valued at $71,000. HB Wealth Management LLC purchased a new position in shares of Verra Mobility in the 2nd quarter worth $43,000. 180 Wealth Advisors LLC bought a new stake in shares of Verra Mobility in the first quarter worth $145,000. Everhart Financial Group Inc. bought a new stake in shares of Verra Mobility in the third quarter worth $32,000. Finally, Versant Capital Management Inc grew its holdings in shares of Verra Mobility by 190.4% in the second quarter. Versant Capital Management Inc now owns 10,378 shares of the company’s stock worth $44,000 after acquiring an additional 6,804 shares during the period.

About Verra Mobility

Verra Mobility Corporation (NASDAQ:VRRM) provides smart mobility technology and services designed to improve transportation safety, efficiency and compliance. The company develops cloud-based solutions that help government agencies, commercial fleets and mobility providers manage transportation-related processes and data.

Its government solutions include automated safety enforcement programs for red-light, speed, school-zone and bus-lane violations, as well as technology supporting school bus safety initiatives.