Verra Mobility (NASDAQ:VRRM) Hits New 12-Month Low – Should You Sell?

Verra Mobility Corp (NASDAQ:VRRM)’s stock price hit a new 52-week low during mid-day trading on Wednesday . The stock traded as low as $13.01 and last traded at $13.0570, with a volume of 922934 shares traded. The stock had previously closed at $13.57.

Analyst Upgrades and Downgrades

Several analysts have issued reports on VRRM shares. Robert W. Baird set a $20.00 price target on shares of Verra Mobility in a research report on Friday, May 8th. 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. Morgan Stanley set a $15.00 price target on shares of Verra Mobility in a research report on Thursday, May 7th. JPMorgan Chase & Co. cut their price target on shares of Verra Mobility from $21.00 to $19.00 and set a “neutral” rating for the company in a research report on Thursday, March 26th. Finally, Deutsche Bank Aktiengesellschaft restated a “buy” rating and set a $22.00 price target on shares of Verra Mobility in a research report on Thursday, May 7th. Three analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average target price of $21.40.

Verra Mobility Trading Down 2.0%

The firm has a market cap of $2.01 billion, a PE ratio of 16.22, a PEG ratio of 2.76 and a beta of 0.67. The company has a quick ratio of 1.77, a current ratio of 1.89 and a debt-to-equity ratio of 3.76. The stock’s fifty day simple moving average is $14.95 and its two-hundred day simple moving average is $19.11.

Verra Mobility (NASDAQ:VRRM) last announced its quarterly earnings data on Wednesday, May 6th. The company reported $0.25 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.25. The business had revenue of $223.57 million for the quarter, compared to analysts’ expectations of $223.34 million. Verra Mobility had a net margin of 13.38% and a return on equity of 55.59%. The business’s revenue was up .1% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.30 earnings per share. Verra Mobility has set its FY 2026 guidance at 1.320-1.380 EPS. On average, sell-side analysts forecast that Verra Mobility Corp will post 1.23 EPS for the current fiscal year.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in the business. Wellington Management Group LLP raised its position in Verra Mobility by 4.9% in the fourth quarter. Wellington Management Group LLP now owns 7,059,237 shares of the company’s stock worth $158,198,000 after acquiring an additional 329,264 shares during the period. JPMorgan Chase & Co. raised its position in Verra Mobility by 4.7% in the third quarter. JPMorgan Chase & Co. now owns 6,223,576 shares of the company’s stock worth $153,722,000 after acquiring an additional 281,465 shares during the period. Morgan Stanley raised its position in Verra Mobility by 44.8% in the fourth 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. William Blair Investment Management LLC raised its position in Verra Mobility by 34.7% in the third quarter. William Blair Investment Management LLC now owns 3,479,448 shares of the company’s stock worth $85,942,000 after acquiring an additional 896,564 shares during the period. Finally, Dimensional Fund Advisors LP raised its position in Verra Mobility by 0.7% in the fourth quarter. Dimensional Fund Advisors LP now owns 3,316,850 shares of the company’s stock worth $74,333,000 after acquiring an additional 24,682 shares during the period.

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.