Verra Mobility Corporation [VRRM] Revenue clocked in at $725.50 million, up 0.13% YTD: What’s Next?

Verra Mobility Corporation [NASDAQ: VRRM] closed the trading session at $15.45 on 11/16/22. The day’s price range saw the stock hit a low of $15.075, while the highest price level was $15.48. The company report on November 8, 2022 that Verra Mobility to Participate at the Furey Research Partners 2022 Hidden Gems Conference.


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Verra Mobility Corporation (NASDAQ: VRRM), a leading provider of smart mobility technology solutions, announced today that David Roberts, President and Chief Executive Officer and Craig Conti, Chief Financial Officer, are scheduled to participate at the Furey Research Partners 2022 Hidden Gems Conference on Tuesday, November 8, 2022. The Company’s presentation will be posted under the “Investor Relations” tab of the Company’s website at www.verramobility.com on the morning of the scheduled event.

The stocks have a year to date performance of 0.13 percent and weekly performance of 16.96 percent. The stock has been moved at 2.79 percent over the last six months. The stock has performed -5.16 percent around the most recent 30 days and changed -8.15 percent over the most recent 3-months.

If compared to the average trading volume of 1.57M shares, VRRM reached to a volume of 3160628 in the most recent trading day, which is why market watchdogs consider the stock to be active.

Here’s what leading stock market gurus have to say about Verra Mobility Corporation [VRRM]:

Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for VRRM shares is $19.50 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on VRRM stock is a recommendation set at 2.10. This rating represents a strong Buy recommendation, on the scale from 1 to 5, where 5 would mean strong sell, 4 represents Sell, 3 is Hold, and 2 indicates Buy.

Robert W. Baird have made an estimate for Verra Mobility Corporation shares, keeping their opinion on the stock as Neutral, with their previous recommendation back on July 13, 2022. While these analysts kept the previous recommendation, Deutsche Bank raised their target price to Hold. The new note on the price target was released on March 30, 2022, representing the official price target for Verra Mobility Corporation stock. Previously, the target price had yet another raise from $14 to $15, while Morgan Stanley kept a Equal-Weight rating on VRRM stock.

The Average True Range (ATR) for Verra Mobility Corporation is set at 0.70, with the Price to Sales ratio for VRRM stock in the period of the last 12 months amounting to 3.15. The Price to Book ratio for the last quarter was 11.98, with the Price to Cash per share for the same quarter was set at 0.35. Price to Free Cash Flow for VRRM in the course of the last twelve months was 13.65 with Quick ratio for the last quarter at 1.90.

VRRM stock trade performance evaluation

Verra Mobility Corporation [VRRM] gain into the green zone at the end of the last week, gaining into a positive trend and gaining by 16.96. With this latest performance, VRRM shares dropped by -5.16% in over the last four-week period, additionally plugging by 2.79% over the last 6 months – not to mention a drop of -3.98% in the past year of trading.

Overbought and oversold stocks can be easily traced with the Relative Strength Index (RSI), where an RSI result of over 70 would be overbought, and any rate below 30 would indicate oversold conditions. An RSI rate of 50 would represent a neutral market momentum. The current RSI for VRRM stock in for the last two-week period is set at 51.50, with the RSI for the last a single of trading hit 56.38, and the three-weeks RSI is set at 49.61 for Verra Mobility Corporation [VRRM]. The present Moving Average for the last 50 days of trading for this stock 15.83, while it was recorded at 14.86 for the last single week of trading, and 15.88 for the last 200 days.

Verra Mobility Corporation [VRRM]: An insightful look at the core fundamentals

Operating Margin for any stock indicates how profitable investing would be, and Verra Mobility Corporation [VRRM] shares currently have an operating margin of +22.58 and a Gross Margin at +72.41. Verra Mobility Corporation’s Net Margin is presently recorded at +7.53.

Return on Equity for this stock inclined to 13.67, with Return on Assets sitting at 2.57.

Verra Mobility Corporation’s liquidity data is similarly interesting compelling, with a Quick Ratio of 1.90 and a Current Ratio set at 2.00.

Earnings per share (EPS) analysis for Verra Mobility Corporation [VRRM] stock

The progress of the company may be observed through the prism of EPS growth rate, while Wall Street analysts are focusing on predicting the 5-year EPS growth rate for VRRM. When it comes to the mentioned value, analysts are expecting to see the 5-year EPS growth rate for Verra Mobility Corporation go to 30.80%.

Verra Mobility Corporation [VRRM]: Insider Ownership positions

There are presently around $2,548 million, in the hands of institutional investors. The top three institutional holders of VRRM stocks are: VANGUARD GROUP INC with ownership of 14,679,035, which is approximately 5.736% of the company’s market cap and around 0.60% of the total institutional ownership; DARLINGTON PARTNERS CAPITAL MANAGEMENT, LP, holding 11,258,707 shares of the stock with an approximate value of $173.95 million in VRRM stocks shares; and INCLUSIVE CAPITAL PARTNERS, L.P., currently with $160.67 million in VRRM stock with ownership of nearly 0% of the company’s market capitalization.

Positions in Verra Mobility Corporation stocks held by institutional investors increased at the end of November and at the time of the November reporting period, where 121 institutional holders increased their position in Verra Mobility Corporation [NASDAQ:VRRM] by around 11,427,059 shares. Additionally, 89 investors decreased positions by around 10,755,324 shares, while 28 investors held positions by with 142,768,518 shares. The mentioned changes placed institutional holdings at 164,950,901 shares, according to the latest SEC report filing. VRRM stock had 36 new institutional investments in for a total of 2,568,264 shares, while 24 institutional investors sold positions of 3,649,654 shares during the same period.

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