Verra Mobility (NASDAQ:VRRM) Hits New 52-Week High at $18.07

Verra Mobility Co. (NASDAQ:VRRM – Get Rating)’s stock price reached a new 52-week high on Friday . The company traded as high as $18.07 and last traded at $17.86, with a volume of 218203 shares. The stock had previously closed at $17.75.

Wall Street Analysts Forecast Growth

A number of equities analysts have commented on the stock. Deutsche Bank Aktiengesellschaft boosted their target price on shares of Verra Mobility from $19.00 to $21.00 in a report on Thursday, March 2nd. Credit Suisse Group increased their target price on Verra Mobility from $18.00 to $19.00 and gave the company an “outperform” rating in a research report on Friday, March 3rd.

Verra Mobility Stock Performance

The firm has a market cap of $2.67 billion, a price-to-earnings ratio of 38.59 and a beta of 1.19. The company has a quick ratio of 1.86, a current ratio of 1.97 and a debt-to-equity ratio of 4.81. The stock has a fifty day moving average price of $16.91 and a 200-day moving average price of $15.75.

Verra Mobility (NASDAQ:VRRM – Get Rating) last posted its earnings results on Wednesday, March 1st. The company reported $0.22 EPS for the quarter, topping analysts’ consensus estimates of $0.20 by $0.02. Verra Mobility had a return on equity of 69.16% and a net margin of 11.40%. The company had revenue of $186.07 million for the quarter, compared to the consensus estimate of $184.79 million. During the same period in the previous year, the business earned $0.23 earnings per share. Verra Mobility’s quarterly revenue was up 9.5% compared to the same quarter last year. On average, analysts expect that Verra Mobility Co. will post 0.91 earnings per share for the current fiscal year.

Insider Activity at Verra Mobility

In related news, CEO David Martin Roberts sold 25,000 shares of the firm’s stock in a transaction that occurred on Friday, February 24th. The stock was sold at an average price of $16.85, for a total value of $421,250.00. Following the sale, the chief executive officer now directly owns 535,636 shares in the company, valued at approximately $9,025,466.60. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. In other Verra Mobility news, EVP Steve Lalla sold 48,000 shares of the company’s stock in a transaction that occurred on Monday, May 8th. The stock was sold at an average price of $17.38, for a total value of $834,240.00. Following the completion of the transaction, the executive vice president now owns 4,697 shares of the company’s stock, valued at approximately $81,633.86. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, CEO David Martin Roberts sold 25,000 shares of the stock in a transaction that occurred on Friday, February 24th. The stock was sold at an average price of $16.85, for a total value of $421,250.00. Following the sale, the chief executive officer now owns 535,636 shares in the company, valued at $9,025,466.60. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 123,000 shares of company stock valued at $2,123,740. Insiders own 1.02% of the company’s stock.

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in the stock. Bank of New York Mellon Corp raised its stake in shares of Verra Mobility by 3.9% in the 1st quarter. Bank of New York Mellon Corp now owns 643,613 shares of the company’s stock valued at $10,478,000 after purchasing an additional 23,894 shares during the period. Acadian Asset Management LLC acquired a new stake in Verra Mobility during the first quarter worth approximately $205,000. MetLife Investment Management LLC raised its position in shares of Verra Mobility by 63.0% in the first quarter. MetLife Investment Management LLC now owns 80,812 shares of the company’s stock valued at $1,316,000 after buying an additional 31,231 shares in the last quarter. BlackRock Inc. raised its position in Verra Mobility by 3.5% during the first quarter. BlackRock Inc. now owns 9,741,503 shares of the company’s stock valued at $158,592,000 after purchasing an additional 329,023 shares in the last quarter. Finally, Dimensional Fund Advisors LP grew its stake in shares of Verra Mobility by 9.6% during the first quarter. Dimensional Fund Advisors LP now owns 1,238,882 shares of the company’s stock worth $20,167,000 after buying an additional 108,092 shares during the last quarter.

Verra Mobility Company Profile

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Verra Mobility Corp. engages in the provision of smart mobility technology solutions. It operates through the following segments: Government Solutions, Commercial Services, and Parking Solutions. The Government Solutions segment offers photo enforcement solutions and services. The Commercial Services segment provides toll and violation management solutions by partnering with the fleet management and rental car companies.