Verra Mobility Corporation (NASDAQ:VRRM) has a beta value of 1.51 and has seen 1,284,782 shares traded in the last trading session. The company, currently valued at $2.38 Billion, closed the last trade at $14.64 per share which meant it gained $1.2 on the day or 8.93% during that session. The VRRM stock price is -5.05% off its 52-week high price of $15.38 and 54.03% above the 52-week low of $6.73. If we look at the company’s 10-day average daily trading volume, we find that it stood at 739.7 Million shares traded. The 3-month trading volume is 861.23 Million shares.
The consensus among analysts is that Verra Mobility Corporation (VRRM) is a Buy stock at the moment, with a recommendation rating of 1.6. None of the analysts rate the stock as a Sell, while 1 rate it as Overweight. 1 out of 8 have rated it as a Hold, with 6 advising it as a Buy. None have rated the stock as Underweight. The expected earnings per share for the stock is $0.01.
Verra Mobility Corporation (NASDAQ:VRRM) trade information
Sporting 8.93% in the green in last session, the stock has traded in the green over the last five days, with the highest price hit on Monday, May 03 when the VRRM stock price touched $14.67- or saw a rise of 0.2%. Year-to-date, Verra Mobility Corporation shares have moved 9.09%, while the 5-day performance has seen it change 6.86%. Over the past 30 days, the shares of Verra Mobility Corporation (NASDAQ:VRRM) have changed 4.2%. Short interest in the company has seen 6.54 Million shares shorted with days to cover at 0.01.
Wall Street analysts have a consensus price target for the stock at $16.86, which means that the shares’ value could jump 15.16% from current levels. The projected low price target is $14 while the price target rests at a high of $19. In that case, then, we find that the current price level is +29.78% off the targeted high while a plunge would see the stock lose -4.37% from current levels.
Verra Mobility Corporation (VRRM) estimates and forecasts
Figures show that Verra Mobility Corporation shares have outperformed across the wider relevant industry. The company’s shares have gained +52.34% over the past 6 months, with this year growth rate of 58.97%, compared to 8.7% for the industry. Other than that, the company has, however, lowered its growth outlook for the 2021 fiscal year revenue. Growth estimates for the current quarter are -75% and 120% for the next quarter. Revenue growth from the last financial year stood is estimated to be +11%.
7 analysts offering their estimates for the company have set an average revenue estimate of $91.45 Million for the current quarter. 7 have an estimated revenue figure of $99.59 Million for the next quarter concluding in June 01, 2021. Year-ago sales stood $116.71 Million and $79.81 Million respectively for this quarter and the next, and analysts expect sales will grow by -21.6% for the current quarter and 24.8% for the next.
Earnings growth for 2021 is a modest -110.3% while over the next 5 years, the company’s earnings are expected to increase by 0.99%.
Verra Mobility Corporation (NASDAQ:VRRM)’s Major holders
Insiders own 0.84% of the company shares, while shares held by institutions stand at 99.3% with a share float percentage of 100.15%. Investors are also buoyed by the number of investors in a company, with Verra Mobility Corporation having a total of 229 institutions that hold shares in the company. The top two institutional holders are Platinum Equity Advisors, LLC/DE with over 24.24 Million shares worth more than $325.3 Million. As of December 30, 2020, Platinum Equity Advisors, LLC/DE held 14.93% of shares outstanding.
The other major institutional holder is Vanguard Group Inc. (The), with the holding of over 12.21 Million shares as of December 30, 2020. The firm’s total holdings are worth over $163.92 Million and represent 7.52% of shares outstanding.
Also the top two Mutual Funds that are holding company’s shares are Vanguard Total Stock Market Index Fund and iShares Russell 2000 ETF. As of December 30, 2020, the former fund manager holds about 2.25% shares in the company for having 3657792 shares of worth $49.09 Million while later fund manager owns 3.24 Million shares of worth $43.82 Million as of March 30, 2021, which makes it owner of about 1.99% of company’s outstanding stock.