Counterpoint Mutual Funds LLC Purchases New Shares in Verra Mobility Corp $VRRM

Counterpoint Mutual Funds LLC acquired a new stake in shares of Verra Mobility Corp (NASDAQ:VRRM) during the first quarter, HoldingsChannel reports. The fund acquired 332,393 shares of the company’s stock, valued at approximately $4,750,000. Verra Mobility accounts for 0.7% of Counterpoint Mutual Funds LLC’s holdings, making the stock its 25th biggest holding.

Several other institutional investors have also added to or reduced their stakes in VRRM. Norges Bank purchased a new stake in Verra Mobility in the fourth quarter worth about $68,608,000. River Road Asset Management LLC grew its holdings in shares of Verra Mobility by 441.6% during the 4th quarter. River Road Asset Management LLC now owns 2,984,760 shares of the company’s stock worth $66,888,000 after acquiring an additional 2,433,610 shares during the period. Morgan Stanley grew its holdings in shares of Verra Mobility by 44.8% during the 4th quarter. Morgan Stanley now owns 4,194,005 shares of the company’s stock worth $93,988,000 after acquiring an additional 1,296,602 shares during the period. Goldman Sachs Group Inc. raised its position in shares of Verra Mobility by 71.8% in the 4th quarter. Goldman Sachs Group Inc. now owns 2,924,781 shares of the company’s stock worth $65,544,000 after acquiring an additional 1,222,116 shares in the last quarter. Finally, Jane Street Group LLC raised its position in shares of Verra Mobility by 188.7% in the 4th quarter. Jane Street Group LLC now owns 1,210,330 shares of the company’s stock worth $27,123,000 after acquiring an additional 791,146 shares in the last quarter.

Analysts Set New Price Targets

A number of research analysts have recently commented on the company. William Blair cut Verra Mobility from an “outperform” rating to a “market perform” rating in a research note on Wednesday, May 27th. UBS Group cut Verra Mobility from a “buy” rating to a “neutral” rating and reduced their price target for the stock from $23.00 to $4.00 in a research note on Thursday, May 28th. Weiss Ratings downgraded Verra Mobility from a “sell (d+)” rating to a “sell (d)” rating in a report on Wednesday, June 17th. JPMorgan Chase & Co. reissued an “underweight” rating and set a $8.00 price objective (down from $17.00) on shares of Verra Mobility in a research report on Wednesday, May 27th. Finally, Robert W. Baird dropped their target price on shares of Verra Mobility from $8.00 to $6.00 and set a “neutral” rating on the stock in a report on Tuesday, June 2nd. Seven research analysts have rated the stock with a Hold rating and three have issued a Sell rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Reduce” and an average target price of $6.83.

Verra Mobility Price Performance

VRRM stock opened at $4.30 on Friday. The company has a debt-to-equity ratio of 3.76, a quick ratio of 1.77 and a current ratio of 1.89. The firm has a 50 day moving average price of $8.65 and a 200-day moving average price of $14.97. Verra Mobility Corp has a 52-week low of $3.40 and a 52-week high of $25.73. The firm has a market capitalization of $653.21 million, a price-to-earnings ratio of 5.24 and a beta of 0.43.

Verra Mobility (NASDAQ:VRRM) last posted its quarterly earnings results on Wednesday, May 6th. The company reported $0.25 earnings per share for the quarter, hitting 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 the consensus estimate of $223.34 million. During the same quarter in the prior year, the business posted $0.30 EPS. The firm’s quarterly revenue was up .1% compared to the same quarter last year. Verra Mobility has set its FY 2026 guidance at 1.320-1.380 EPS. Equities research analysts forecast 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.