Verra MobilityVRRM
VRRM
About: Verra Mobility Corp provides smart transportation solutions. The company develops and uses technology and data intelligence to help make transportation safer and easier. It operates in three segments namely Commercial Services, Government Solutions, and Parking Solutions. It generates maximum revenue from the Commercial Services segment. The commercial Services segment delivers tolling and violation management services to rental car companies, commercial fleet vehicle owners, and violation issuing authorities.
Employees: 1,788
0
Funds holding %
of 6,809 funds
0
Analysts bullish %
of 3 analysts
Fund manager confidence
Based on 2024 Q3 regulatory filings by fund managers ($100M+ AUM)
93% more first-time investments, than exits
New positions opened: 54 | Existing positions closed: 28
43% more call options, than puts
Call options by funds: $8.15M | Put options by funds: $5.71M
16% more repeat investments, than reductions
Existing positions increased: 110 | Existing positions reduced: 95
10% more funds holding
Funds holding: 266 [Q2] → 292 (+26) [Q3]
5% less capital invested
Capital invested by funds: $4.72B [Q2] → $4.5B (-$225M) [Q3]
6.0% less ownership
Funds ownership: 104.42% [Q2] → 98.43% (-6.0%) [Q3]
50% less funds holding in top 10
Funds holding in top 10: 6 [Q2] → 3 (-3) [Q3]
Research analyst outlook
3 Wall Street Analysts provided 1 year price targets over the past 3 months
Low target
$25
6%
upside
Avg. target
$27
16%
upside
High target
$29
23%
upside
3 analyst ratings
1 positive
33%
2 neutral
67%
0 negative
0%
Deutsche Bank Faiza Alwy 29% 1-year accuracy 2 / 7 met price target | 23%upside $29 | Buy Maintained | 1 Nov 2024 |
Baird David Koning 78% 1-year accuracy 25 / 32 met price target | 18%upside $28 | Neutral Maintained | 1 Nov 2024 |
Morgan Stanley James Faucette 77% 1-year accuracy 20 / 26 met price target | 6%upside $25 | Equal-Weight Maintained | 30 Oct 2024 |
Financial journalist opinion
Neutral
PRNewsWire
4 weeks ago
Verra Mobility to Participate at the UBS Global Technology and AI Conference
MESA, Ariz., Nov. 22, 2024 /PRNewswire/ -- 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 in a fireside chat at the UBS Global Technology and AI Conference on Tuesday, December 3, 2024 at 2:15pm MT (4:15pm ET).
Neutral
PRNewsWire
1 month ago
Thanksgiving weekend sees surges in traffic infractions; more than 150,000 speeding violations occurred last year
Verra Mobility proprietary data shows the Wednesday before Thanksgiving sees more than 50,000 red-light violations MESA, Ariz. , Nov. 11, 2024 /PRNewswire/ -- Verra Mobility Corporation (NASDAQ: VRRM), a leading provider of smart mobility technology solutions, announced today new proprietary data from its U.S. traffic safety systems, showing that for the past five years (2019-2023), the Wednesday before Thanksgiving recorded the highest number of red-light violations over the holiday weekend, while Thanksgiving Day experienced the most speeding violations for the past two years (2022 and 2023).
Positive
Benzinga
1 month ago
Top 3 Industrials Stocks That Could Blast Off In Q4
The most oversold stocks in the industrials sector presents an opportunity to buy into undervalued companies.
Neutral
PRNewsWire
1 month ago
Verra Mobility named to Fortune 100 Fastest-Growing Companies list for second year in a row
Recognition demonstrates Verra Mobility's continued growth, business performance and smart mobility market-leading positions MESA, Ariz. , Nov. 4, 2024 /PRNewswire/ -- Verra Mobility Corporation (NASDAQ: VRRM), a leading provider of smart mobility technology solutions, has been named to the Fortune 100 Fastest-Growing Companies list for the second year in a row.
Positive
Seeking Alpha
1 month ago
Verra Mobility: Valuation Got Cheaper And Fundamentals Remain Sound (Rating Upgrade)
Verra Mobility delivered solid 3Q24 results, driven by strong growth in its core segments, Commercial Services and Government Solutions. The company's growth prospects remain strong, supported by the continued recovery in domestic travel and the expansion of government programs. Valuation is now cheaper, which makes the risk reward situation more attractive.
Neutral
Seeking Alpha
1 month ago
Verra Mobility Corporation (VRRM) Q3 2024 Earnings Call Transcript
Verra Mobility Corporation (NASDAQ:VRRM ) Q3 2024 Earnings Conference Call October 31, 2024 5:00 PM ET Company Participants Mark Zindler - VP, IR David Roberts - CEO Craig Conti - CFO Conference Call Participants Nik Cremo - UBS Daniel Moore - CJS Securities Faiza Alwy - Deutsche Bank Dave Koning - Baird Keith Housum - Northcoast Research Shefali Tamaskar - Morgan Stanley Noah Levitz - William Blair Operator Good afternoon, ladies and gentlemen, and welcome to the Verra Mobility Third Quarter 2024 Earnings Conference Call. At this time, all lines are in a listen-only mode.
Positive
Zacks Investment Research
1 month ago
VERRA MOBILITY CORP (VRRM) Q3 Earnings Surpass Estimates
VERRA MOBILITY CORP (VRRM) came out with quarterly earnings of $0.32 per share, beating the Zacks Consensus Estimate of $0.31 per share. This compares to earnings of $0.29 per share a year ago.
Neutral
PRNewsWire
1 month ago
Verra Mobility Announces Third Quarter 2024 Financial Results
Total revenue of $225.6 million Net income of $34.7 million Net cash provided from operations of $108.8 million Increasing 2024 Adjusted Free Cash Flow guidance and reaffirming all other financial guidance metrics MESA, Ariz. , Oct. 31, 2024 /PRNewswire/ -- Verra Mobility Corporation (NASDAQ: VRRM), a leading provider of smart mobility technology solutions, announced today the financial results for the third quarter ended September 30, 2024.
Neutral
PRNewsWire
2 months ago
Verra Mobility launches National School Bus Safety Week campaign to raise awareness around school bus safety
Organizations are encouraged to download and share the free toolkit, including social media posts and digital collateral, to advocate for safer school transportation MESA, Ariz. , Oct. 21, 2024 /PRNewswire/ -- Verra Mobility Corporation (NASDAQ: VRRM), a leading provider of smart mobility technology solutions, has launched the 'Zero in on School Bus Safety Toolkit' to champion National School Bus Safety Week (October 21-25) and encourage others to embrace the importance of using safe driving behavior around school buses.
Neutral
PRNewsWire
2 months ago
Verra Mobility to implement California's first automated speed safety program in San Francisco
Partnership with San Francisco Municipal Transportation Agency involves 33 speed camera locations; program expected to be fully operational early 2025 MESA, Ariz. , Oct. 16, 2024 /PRNewswire/ -- Verra Mobility Corporation (NASDAQ: VRRM), a leading provider of smart mobility technology solutions, announced today the approval from the San Francisco Municipal Transportation Agency (SFMTA) Board of Directors to design, build, operate and maintain a speed safety program across the city and county of San Francisco – California's first speed safety program leveraging advanced automated technology.
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