Deutsche Bank Aktiengesellschaft Issues Pessimistic Forecast for Verra Mobility (NASDAQ:VRRM) Stock Price

Verra Mobility (NASDAQ:VRRM) had its target price decreased by research analysts at Deutsche Bank Aktiengesellschaft from $31.00 to $29.00 in a note issued to investors on Friday, Benzinga reports. The brokerage presently has a “buy” rating on the stock. Deutsche Bank Aktiengesellschaft’s target price would suggest a potential upside of 25.43% from the company’s previous close.

Other research analysts have also issued reports about the stock. Robert W. Baird decreased their price target 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 price target on Verra Mobility from $26.00 to $25.00 and set an “equal weight” rating on the stock in a research report on Wednesday.

Verra Mobility Stock Down 11.0 %

Shares of NASDAQ VRRM opened at $23.12 on Friday. The firm has a fifty day simple moving average of $27.03 and a two-hundred day simple moving average of $27.10. Verra Mobility has a 12 month low of $18.76 and a 12 month high of $31.03. The company has a current ratio of 2.57, a quick ratio of 2.47 and a debt-to-equity ratio of 2.36. The firm has a market capitalization of $3.81 billion, a PE ratio of 38.53, a price-to-earnings-growth ratio of 1.70 and a beta of 1.27.

Verra Mobility (NASDAQ:VRRM) last posted its quarterly earnings data on Thursday, August 8th. The company reported $0.31 earnings per share for the quarter, beating the consensus estimate of $0.30 by $0.01. The business had revenue of $222.43 million for the quarter, compared to analysts’ expectations of $220.32 million. Verra Mobility had a return on equity of 40.09% and a net margin of 11.64%. The business’s revenue was up 8.8% on a year-over-year basis. During the same period in the previous year, the firm posted $0.27 EPS. Equities analysts expect that Verra Mobility will post 1.07 earnings per share for the current year.

Institutional Trading of Verra Mobility

Several institutional investors have recently bought and sold shares of VRRM. Allspring Global Investments Holdings LLC purchased a new position in Verra Mobility in the first quarter worth about $26,000. Quest Partners LLC raised its holdings in Verra Mobility by 1,732.7% in the 2nd quarter. Quest Partners LLC now owns 1,008 shares of the company’s stock worth $27,000 after acquiring an additional 953 shares during the last quarter. Signaturefd LLC lifted its position in Verra Mobility by 112.4% in the 3rd quarter. Signaturefd LLC now owns 1,060 shares of the company’s stock valued at $29,000 after acquiring an additional 561 shares in the last quarter. Picton Mahoney Asset Management purchased a new stake in Verra Mobility during the 1st quarter valued at $74,000. Finally, Montag A & Associates Inc. increased its holdings in shares of Verra Mobility by 17.1% in the 1st quarter. Montag A & Associates Inc. now owns 3,045 shares of the company’s stock worth $76,000 after purchasing an additional 445 shares in the last quarter.

About Verra Mobility

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.