Verra Mobility Corp (NASDAQ: VRRM) is 8.38% higher on its value in year-to-date trading and has touched a low of $16.22 and a high of $25.12 in the current 52-week trading range. The question becomes, what are the chances the stock will continue to grow shareholders’ wealth in the market. Here’s what analysts think will happen to its price in the coming time. The VRRM stock was last observed hovering at around $24.76 in the last trading session, with the day’s gains setting it 0.2%.
Currently trading at $24.96, the stock is 9.18% and 9.80% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 1.12 million and changing 0.81% at the moment leaves the stock 21.03% off its SMA200. VRRM registered 47.87% gain for a year compared to 6-month gain of 33.12%. The firm has a 50-day simple moving average (SMA 50) of $6.22 and a 200-day simple moving average (SMA200) of $17.71.
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The stock witnessed a 13.30% loss in the last 1 month and extending the period to 3 months gives it a 10.20%, and is 5.01% up over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 2.19% over the week and 3.08% over the month.
Verra Mobility Corp (VRRM) has around 1788 employees, a market worth around $4.14B and $817.31M in sales. Current P/E ratio is 70.95 and Fwd P/E is 18.36. Profit margin for the company is 6.98%. Distance from 52-week low is 53.88% and -0.66% from its 52-week high. The company has generated returns on investments over the last 12 months (3.85%).
Verra Mobility Corp quarterly earnings per share for the current quarter are estimated at $0.26 with sales reaching $203.02M over the same period.The EPS is expected to grow by 9.30% this year, but quarterly earnings will post 6.80% year-over-year. Quarterly sales are estimated to grow 5.80% in year-over-year returns.
Verra Mobility Corp (VRRM) Top Institutional Holders
358 institutions hold shares in Verra Mobility Corp (VRRM), with institutional investors hold 104.72% of the company’s shares. The shares outstanding are 166.56M, and float is at 161.55M with Short Float at 1.75%. Institutions hold 103.79% of the Float.
The top institutional shareholder in the company is Blackrock Inc. with over 23.93 million shares valued at $597.35 million. The investor’s holdings represent 14.42% of the VRRM Shares outstanding. As of Dec 30, 2023, the second largest holder is Vanguard Group Inc with 17.24 million shares valued at $430.19 million to account for 10.38% of the shares outstanding. The other top investors are DARLINGTON PARTNERS CAPITAL MANAGEMENT, LP which holds 8.14 million shares representing 4.90% and valued at over $203.1 million, while Wellington Management Group, LLP holds 4.55% of the shares totaling 7.56 million with a market value of $188.65 million.
Verra Mobility Corp (VRRM) Insider Activity
The most recent transaction is an insider sale by REXFORD JOHN H,the company’sDirector. SEC filings show that REXFORD JOHN H sold 10,000 shares of the company’s common stock on Mar 12 ’24 at a price of $22.82 per share for a total of $0.23 million. Following the sale, the insider now owns 41275.0 shares.
Verra Mobility Corp disclosed in a document filed with the SEC on Mar 04 ’24 that Keyser Jonathan (Chief Legal Officer) sold a total of 7,789 shares of the company’s common stock. The trade occurred on Mar 04 ’24 and was made at $22.41 per share for $0.17 million. Following the transaction, the insider now directly holds 0.0 shares of the VRRM stock.
Still, SEC filings show that on Nov 14 ’23, ROBERTS DAVID MARTIN (President and CEO) disposed off 193,252 shares at an average price of $20.22 for $3.91 million. The insider now directly holds 568,370 shares of Verra Mobility Corp (VRRM).
