Verra Mobility (VRRM) Gets a Hold Rating from Robert W. Baird

In a report issued on August 3, David Koning from Robert W. Baird maintained a Hold rating on Verra Mobility (VRRMResearch Report), with a price target of $18.00. The company’s shares closed last Thursday at $17.12.

According to, Koning is a 4-star analyst with an average return of 4.0% and a 55.1% success rate. Koning covers the Technology sector, focusing on stocks such as TELUS International (CDA), Jack Henry & Associates, and Fidelity National Info.

The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Verra Mobility with a $55.00 average price target, which is a 225.4% upside from current levels. In a report issued on July 20, Deutsche Bank also maintained a Hold rating on the stock with a $19.00 price target.

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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 $170 million and net profit of $10.04 million. In comparison, last year the company earned revenue of $89.86 million and had a GAAP net loss of $8.92 million.

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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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