Deutsche Bank Aktiengesellschaft Has Lowered Expectations for Verra Mobility (NASDAQ:VRRM) Stock Price

Verra Mobility (NASDAQ:VRRM - Get Free Report) had its target price lowered by investment analysts at Deutsche Bank Aktiengesellschaft from $31.00 to $29.00 in a research note issued on Friday, Benzinga reports. The brokerage currently 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 current price.

Several other research analysts have also commented on the company. Morgan Stanley decreased their target price on Verra Mobility from $26.00 to $25.00 and set an "equal weight" rating for the company in a research report on Wednesday. Robert W. Baird lowered their target price 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.

Verra Mobility Trading Down 11.0 %

Shares of Verra Mobility stock traded down $2.85 during trading hours on Friday, hitting $23.12. The company's stock had a trading volume of 4,323,863 shares, compared to its average volume of 1,059,778. The company has a quick ratio of 2.47, a current ratio of 2.57 and a debt-to-equity ratio of 2.36. The company has a market capitalization of $3.81 billion, a PE ratio of 40.56, a P/E/G ratio of 1.72 and a beta of 1.27. The business has a fifty day moving average of $27.03 and a 200 day moving average of $27.10. Verra Mobility has a 1-year low of $18.76 and a 1-year high of $31.03.

Verra Mobility (NASDAQ:VRRM - Get Free Report) last posted its earnings results on Thursday, August 8th. The company reported $0.31 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.30 by $0.01. Verra Mobility had a return on equity of 39.89% and a net margin of 11.34%. The business had revenue of $222.43 million during the quarter, compared to analyst estimates of $220.32 million. During the same quarter last year, the firm earned $0.27 earnings per share. The company's revenue for the quarter was up 8.8% compared to the same quarter last year. As a group, equities analysts forecast that Verra Mobility will post 1.07 EPS for the current year.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the company. Vanguard Group Inc. increased its stake 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 valued at $436,144,000 after acquiring an additional 231,566 shares during the period. UniSuper Management Pty Ltd bought a new stake in shares of Verra Mobility in the 1st quarter worth $782,000. BNP Paribas Financial Markets lifted its holdings in shares of Verra Mobility by 26.7% in the first quarter. BNP Paribas Financial Markets now owns 144,906 shares of the company's stock valued at $3,618,000 after buying an additional 30,548 shares during the period. Jupiter Asset Management Ltd. lifted its holdings in shares of Verra Mobility by 51.5% in the first quarter. Jupiter Asset Management Ltd. now owns 1,083,037 shares of the company's stock valued at $27,043,000 after buying an additional 367,976 shares during the period. Finally, Dimensional Fund Advisors LP boosted its stake in Verra Mobility by 6.5% during the second quarter. Dimensional Fund Advisors LP now owns 3,180,519 shares of the company's stock valued at $86,512,000 after buying 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.