Robert W. Baird analyst David Koning maintained a Hold rating on Verra Mobility (VRRM – Research Report) on July 27 and set a price target of $22.00. The company’s shares closed last Friday at $20.38.
Koning covers the Technology sector, focusing on stocks such as Verra Mobility, Accenture, and Toast Inc. According to TipRanks, Koning has an average return of 4.9% and a 60.28% success rate on recommended stocks.
Verra Mobility has an analyst consensus of Moderate Buy, with a price target consensus of $21.33.
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Based on Verra Mobility’s latest earnings release for the quarter ending March 31, the company reported a quarterly revenue of $191.9 million and a net profit of $4.58 million. In comparison, last year the company earned a revenue of $170.39 million and had a net profit of $10.04 million
Based on the recent corporate insider activity of 17 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of VRRM in relation to earlier this year. Most recently, in May 2023, Lalla Steve, the EVP Commercial Services of VRRM sold 48,000.00 shares for a total of $834,325.39.
TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.
Verra Mobility Corp. engages in the provision of smart mobility technology solutions and services. It operates through the Government Solutions and Commercial Services segments. The Government Solutions segment delivers traffic law enforcement services and products to state and local governments. The Commercial Services segment offers tolling and violation management services to rental car companies, commercial fleet vehicle owners, and violation issuing authorities. The company was founded on August 15, 2016 and is headquartered in Mesa, AZ.
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