Verra Mobility (NASDAQ:VRRM) Price Target Cut to $29.00 by Analysts at Deutsche Bank Aktiengesellschaft

Verra Mobility (NASDAQ:VRRM) had its target price reduced by Deutsche Bank Aktiengesellschaft from $31.00 to $29.00 in a research report report published on Friday morning, Benzinga reports. They currently have a buy rating on the stock.

A number of other research firms also recently commented on VRRM. Robert W. Baird reduced their price objective on shares of Verra Mobility from $29.00 to $28.00 and set a “neutral” rating for the company in a research note on Friday. Morgan Stanley dropped their target price on shares of Verra Mobility from $26.00 to $25.00 and set an “equal weight” rating on the stock in a report on Wednesday.

Verra Mobility Trading Down 11.0 %

Shares of NASDAQ VRRM traded down $2.85 during midday trading on Friday, reaching $23.12. 4,324,178 shares of the stock were exchanged, compared to its average volume of 1,059,778. The company has a market capitalization of $3.81 billion, a price-to-earnings ratio of 38.53, a P/E/G ratio of 1.72 and a beta of 1.27. Verra Mobility has a 12 month low of $18.76 and a 12 month high of $31.03. The business has a 50-day simple moving average of $27.03 and a two-hundred day simple moving average of $27.10. The company has a debt-to-equity ratio of 2.36, a current ratio of 2.57 and a quick ratio of 2.47.

Verra Mobility (NASDAQ:VRRM) last issued its quarterly earnings results on Thursday, August 8th. The company reported $0.31 EPS for the quarter, topping the consensus estimate of $0.30 by $0.01. Verra Mobility had a net margin of 11.34% and a return on equity of 39.89%. The firm had revenue of $222.43 million for the quarter, compared to analysts’ expectations of $220.32 million. During the same period in the previous year, the firm posted $0.27 EPS. The company’s revenue for the quarter was up 8.8% on a year-over-year basis. As a group, equities research analysts expect that Verra Mobility will post 1.07 EPS for the current year.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the stock. Vanguard Group Inc. increased its holdings in shares of Verra Mobility by 1.3% during the first quarter. Vanguard Group Inc. now owns 17,466,733 shares of the company’s stock worth $436,144,000 after purchasing an additional 231,566 shares during the period. UniSuper Management Pty Ltd bought a new position in shares of Verra Mobility during the first quarter worth approximately $782,000. BNP Paribas Financial Markets increased its holdings in shares of Verra Mobility by 26.7% during the first quarter. BNP Paribas Financial Markets now owns 144,906 shares of the company’s stock worth $3,618,000 after purchasing an additional 30,548 shares during the period. Jupiter Asset Management Ltd. increased its holdings in shares of Verra Mobility by 51.5% during the first quarter. Jupiter Asset Management Ltd. now owns 1,083,037 shares of the company’s stock worth $27,043,000 after purchasing an additional 367,976 shares during the period. Finally, Dimensional Fund Advisors LP boosted its position in shares of Verra Mobility by 6.5% during the 2nd quarter. Dimensional Fund Advisors LP now owns 3,180,519 shares of the company’s stock worth $86,512,000 after acquiring an additional 193,686 shares in the last quarter.

Verra Mobility Company Profile

Verra Mobility Corporation provides smart mobility technology solutions and services in the United States, Australia, Canada, and Europe. It operates through three segments: Commercial Services, Government Solutions, and Parking Solutions. The Commercial Services segment provides automated toll and violations management, and title and registration services to rental car companies, fleet management companies, and other large fleet owners.