Verra Mobility Corporation provides smart mobility technology solutions and services in the United States, Canada, and Europe. It operates through two segments, Government Solutions and Commercial Services. The Government Solutions segment offers automated safety solutions, including services and technologies that enable photo enforcement through road safety camera programs, which detects and process traffic violations related to red light, speed, school bus, and city bus lanes. This segment serves municipalities, counties, school districts, and law enforcement agencies. The Commercial Services segment provides automated toll and violations management, and title and registration solutions to rental car companies, fleet management companies, and other large fleet owners. The company was incorporated in 2016 and is headquartered in Mesa, Arizona.
IPO Year: 2017
Exchange: NASDAQ
Website: verramobility.com
| Date | Price Target | Rating | Analyst |
|---|---|---|---|
| 4/22/2025 | $27.00 | Neutral → Outperform | Robert W. Baird |
| 10/20/2023 | $25.00 | Buy | UBS |
| 7/31/2023 | $21.00 → $26.00 | Hold → Buy | Deutsche Bank |
| 7/13/2022 | $18.00 | Outperform → Neutral | Robert W. Baird |
| 3/30/2022 | $17.00 | Hold | Deutsche Bank |
| 11/9/2021 | $18.50 → $19.00 | Outperform | Credit Suisse |
| 8/11/2021 | $17.00 → $18.50 | Outperform | Credit Suisse |
| 8/10/2021 | $16.00 → $17.00 | Equal-Weight | Morgan Stanley |
| 7/6/2021 | $15.00 → $16.00 | Equal-Weight | Morgan Stanley |
Speed safety technology to be deployed along 18 high-risk corridors MESA, Ariz., June 18, 2025 /PRNewswire/ -- Verra Mobility Corporation (NASDAQ:VRRM), a leading provider of smart mobility technology solutions, announced the approval from Oakland's City Council to deliver, operate, and maintain a speed safety program across the city. This will be the second speed safety program in the state of California that utilizes advanced automated technology to help curb speeding issues. With this new safety program, the City of Oakland is taking a major leadership role in protecting r
Report highlights Company's successes and approach to corporate responsibility, which is built on four pillars: community, planet, people and governance MESA, Ariz., May 28, 2025 /PRNewswire/ -- Verra Mobility Corporation (NASDAQ:VRRM), a leading provider of smart mobility technology solutions, announced it has published its 2024 Corporate Responsibility Report. A copy of the Company's Corporate Responsibility Report can be downloaded by visiting www.verramobility.com/corporate-responsibility. "We take great pride in being a responsible corporate citizen, and we value our rela
MESA, Ariz., May 27, 2025 /PRNewswire/ -- Verra Mobility Corporation (NASDAQ:VRRM), a leading provider of smart mobility technology solutions, announced today that it will participate in two upcoming investor conferences. David Roberts, President and CEO, Craig Conti, Chief Financial Officer, and Jon Baldwin, EVP Government Solutions, are scheduled to present at the Baird 2025 Global Consumer, Technology & Services Conference on Tuesday, June 3, 2025, at 9:05am ET. Mr. Roberts and Mr. Conti will also present at the William Blair 45th Annual Growth Stock Conference on Wednesday
Prestigious recognition is based entirely on what current U.S. employees say about their experience working at the company MESA, Ariz., May 22, 2025 /PRNewswire/ -- Verra Mobility Corporation (NASDAQ:VRRM), a leading provider of smart mobility technology solutions, announced today it has been Certified™ by Great Place to Work® for the fourth year in a row. This significant recognition is based entirely on survey responses from current employees in the U.S. When surveyed in 2025, 81% of employees believed Verra Mobility is a great place to work compared to just 57% of employees
Total revenue of $223.3 millionNet income of $32.3 millionNet cash provided from operations of $63.0 millionReaffirming 2025 full year guidanceMESA, Ariz., May 7, 2025 /PRNewswire/ -- Verra Mobility Corporation (NASDAQ:VRRM), a leading provider of smart mobility technology solutions, announced today the financial results for the first quarter ended March 31, 2025. "We delivered a strong first quarter with all key financial measures ahead of our internal expectations," said David Roberts, President and CEO, Verra Mobility. "We are maintaining our Full-Year 2025 financial guidan
MESA, Ariz., April 23, 2025 /PRNewswire/ -- Verra Mobility Corporation (NASDAQ:VRRM), a leading provider of smart mobility technology solutions, announced today that it will report financial results for the first quarter ended March 31, 2025, after market close on May 7, 2025. Verra Mobility's Chief Executive Officer, David Roberts, and Chief Financial Officer, Craig Conti, will host a conference call and live webcast to discuss financial results for investors and analysts at 5:00 p.m. ET on May 7, 2025. A live webcast will be available on the Company's Investor Relations webs
Timed with Distracted Driving Awareness Month, the survey found two-thirds of Americans self-reported that they have not driven distracted in the past year, yet 89% witness speeding and reckless driving behavior weeklyMore than 75% of Americans support automated technology to keep school children saferMESA, Ariz., April 3, 2025 /PRNewswire/ -- Verra Mobility Corporation (NASDAQ:VRRM), a leading provider of smart mobility technology solutions, released results from a survey of 2,000 Americans aged 18+ who drive multiple times per week. In support of Distracted Driving Awareness Month (April), the survey looked at Americans' perceptions of driving behaviors, including distracted driving, findi
Verizon Connect customers will receive access to Verra Mobility's managed tolling, violations and title and registration services MESA, Ariz., March 18, 2025 /PRNewswire/ -- Verra Mobility Corporation (NASDAQ:VRRM), a leading provider of smart mobility technology solutions, announced today a partnership with Verizon Connect, one of the largest providers of advanced GPS fleet tracking solutions. Through the partnership, new and existing Verizon Connect customers will have easy and direct access to Verra Mobility's managed tolling, violations, and title and registration services through the Verizon Connect Marketplace.
Full year 2024 revenue of $879.2 millionFull year 2024 net income of $31.4 millionFull year 2024 net cash provided from operations of $223.6 millionEstablishing fiscal year 2025 guidanceMESA, Ariz., Feb. 27, 2025 /PRNewswire/ -- Verra Mobility Corporation (NASDAQ:VRRM), a leading provider of smart mobility technology solutions, announced today the financial results for the fourth quarter and full year ended December 31, 2024. "We delivered a solid fourth quarter, highlighted by strong earnings and cash flow generation," said David Roberts, President and CEO, Verra Mobility. "R
More than six school districts and 500 school buses will deploy advanced technology to reduce the risk of drivers illegally passing stopped school buses MESA, Ariz., Feb. 6, 2025 /PRNewswire/ -- Verra Mobility Corporation (NASDAQ:VRRM), a leading provider of smart mobility technology solutions, announced a partnership with Onondaga County, New York, to implement an advanced school bus stop arm safety program to protect students and reduce dangerous traffic violations around school buses. The program will start by equipping more than 500 school buses with cutting-edge stop arm
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Robert W. Baird upgraded Verra Mobility from Neutral to Outperform and set a new price target of $27.00
UBS initiated coverage of Verra Mobility with a rating of Buy and set a new price target of $25.00
Deutsche Bank upgraded Verra Mobility from Hold to Buy and set a new price target of $26.00 from $21.00 previously
Robert W. Baird downgraded Verra Mobility from Outperform to Neutral and set a new price target of $18.00
Deutsche Bank initiated coverage of Verra Mobility with a rating of Hold and set a new price target of $17.00
Credit Suisse reiterated coverage of Verra Mobility with a rating of Outperform and set a new price target of $19.00 from $18.50 previously
Credit Suisse reiterated coverage of Verra Mobility with a rating of Outperform and set a new price target of $18.50 from $17.00 previously
Morgan Stanley reiterated coverage of Verra Mobility with a rating of Equal-Weight and set a new price target of $17.00 from $16.00 previously
Morgan Stanley reiterated coverage of Verra Mobility with a rating of Equal-Weight and set a new price target of $16.00 from $15.00 previously
Morgan Stanley downgraded Verra Mobility from Overweight to Equal-Weight and set a new price target of $15.00 from $14.00 previously
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Total revenue of $223.3 millionNet income of $32.3 millionNet cash provided from operations of $63.0 millionReaffirming 2025 full year guidanceMESA, Ariz., May 7, 2025 /PRNewswire/ -- Verra Mobility Corporation (NASDAQ:VRRM), a leading provider of smart mobility technology solutions, announced today the financial results for the first quarter ended March 31, 2025. "We delivered a strong first quarter with all key financial measures ahead of our internal expectations," said David Roberts, President and CEO, Verra Mobility. "We are maintaining our Full-Year 2025 financial guidan
MESA, Ariz., April 23, 2025 /PRNewswire/ -- Verra Mobility Corporation (NASDAQ:VRRM), a leading provider of smart mobility technology solutions, announced today that it will report financial results for the first quarter ended March 31, 2025, after market close on May 7, 2025. Verra Mobility's Chief Executive Officer, David Roberts, and Chief Financial Officer, Craig Conti, will host a conference call and live webcast to discuss financial results for investors and analysts at 5:00 p.m. ET on May 7, 2025. A live webcast will be available on the Company's Investor Relations webs
Full year 2024 revenue of $879.2 millionFull year 2024 net income of $31.4 millionFull year 2024 net cash provided from operations of $223.6 millionEstablishing fiscal year 2025 guidanceMESA, Ariz., Feb. 27, 2025 /PRNewswire/ -- Verra Mobility Corporation (NASDAQ:VRRM), a leading provider of smart mobility technology solutions, announced today the financial results for the fourth quarter and full year ended December 31, 2024. "We delivered a solid fourth quarter, highlighted by strong earnings and cash flow generation," said David Roberts, President and CEO, Verra Mobility. "R
MESA, Ariz., Feb. 5, 2025 /PRNewswire/ -- Verra Mobility Corporation (NASDAQ:VRRM), a leading provider of smart mobility technology solutions, announced today that it will report financial results for the fourth quarter ended December 31, 2024, after market close on February 27, 2025. Verra Mobility's Chief Executive Officer, David Roberts, and Chief Financial Officer, Craig Conti, will host a conference call and live webcast to discuss financial results for investors and analysts at 5:00 p.m. ET on February 27, 2025. A live webcast will be available on the Company's Investor
Total revenue of $225.6 millionNet income of $34.7 millionNet cash provided from operations of $108.8 millionIncreasing 2024 Adjusted Free Cash Flow guidance and reaffirming all other financial guidance metricsMESA, 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. "We delivered a solid third quarter, highlighted by strong revenue, earnings, and cash flow generation," said David Roberts, President and CEO,
MESA, Ariz., Oct. 10, 2024 /PRNewswire/ -- Verra Mobility Corporation (NASDAQ:VRRM), a leading provider of smart mobility technology solutions, announced today that it will report financial results for the third quarter ended September 30, 2024, after market close on October 31, 2024. Verra Mobility's Chief Executive Officer, David Roberts, and Chief Financial Officer, Craig Conti, will host a conference call and live webcast to discuss financial results for investors and analysts at 5:00 p.m. ET on October 31, 2024. To access the conference call, dial 1-800-717-1738 (U.S. tol
MESA, Ariz., July 16, 2024 /PRNewswire/ -- Verra Mobility Corporation (NASDAQ:VRRM), a leading provider of smart mobility technology solutions, announced today that it will report financial results for the second quarter ended June 30, 2024, after market close on August 8, 2024. Verra Mobility's Chief Executive Officer, David Roberts, and Chief Financial Officer, Craig Conti, will host a conference call and live webcast to discuss financial results for investors and analysts at 5:00 p.m. ET on August 8, 2024. To access the conference call, dial 1-800-717-1738 (U.S. toll-free)
Total revenue of $209.7 millionNet income of $29.1 millionGenerated cash flows from operations of $34.3 millionIncreasing 2024 financial guidanceMESA, Ariz., May 2, 2024 /PRNewswire/ -- Verra Mobility Corporation (NASDAQ:VRRM), a leading provider of smart mobility technology solutions, announced today the financial results for the first quarter ended March 31, 2024. "Our first quarter results provided a very strong start to 2024," said David Roberts, President and CEO, Verra Mobility. "Driven in large part by the successful implementation of the Verra Mobility Operating System
MESA, Ariz., April 23, 2024 /PRNewswire/ -- Verra Mobility Corporation (NASDAQ:VRRM), a leading provider of smart mobility technology solutions, announced today that it will report financial results for the first quarter ended March 31, 2024, after market close on May 2, 2024. Verra Mobility's Chief Executive Officer, David Roberts, and Chief Financial Officer, Craig Conti, will host a conference call and live webcast to discuss financial results for investors and analysts at 5:00 p.m. ET on May 2, 2024. To access the conference call, dial 1-800-717-1738 (U.S. toll-free) or 1-
MESA, Ariz., Feb. 22, 2024 /PRNewswire/ -- Verra Mobility Corporation (NASDAQ:VRRM), a leading provider of smart mobility technology solutions, announced today that it will report financial results for the fourth quarter ended December 31, 2023, after market close on February 29, 2024. Verra Mobility's Chief Executive Officer, David Roberts, and Chief Financial Officer, Craig Conti, will host a conference call and live webcast to discuss financial results for investors and analysts at 5:00 p.m. ET on February 29, 2024. To access the conference call, dial 1-888-886-7786 (U.S. t
Brings 15 years of experience driving continuous improvement and business integration at Fortive and Danaher MESA, Ariz., Sept. 9, 2024 /PRNewswire/ -- Verra Mobility Corporation (NASDAQ:VRRM), a leading provider of smart mobility technology solutions, announced today the appointment of Harshad Kharche as Senior Vice President of Business Transformation. He will report to David Roberts, president and CEO, Verra Mobility. Mr. Kharche brings more than 15 years of experience from his tenure at Fortive and Danaher Corporation. In his most recent role, Mr. Kharche served as Vice Pr
HOUSTON, Sept. 03, 2024 (GLOBE NEWSWIRE) -- W&T Offshore, Inc. (NYSE:WTI) ("W&T" or the "Company") today announced the appointment of George J. Hittner as Executive Vice President, General Counsel and Corporate Secretary, effective September 1, 2024. Mr. Hittner brings a unique and extensive combination of legal, corporate and legislative experience in both the public and private sectors. Tracy W. Krohn, Chairman and Chief Executive Officer, commented, "We are excited to have George join our executive team at W&T. His twenty-plus years serving as an attorney in law firms, as general counsel, and in government will help continue to propel W&T's strategic goals." Before founding his ow
MESA, Ariz., Aug. 29, 2024 /PRNewswire/ -- Verra Mobility Corporation (NASDAQ:VRRM), a leading provider of smart mobility technology solutions, announced today the appointment of Lin Bo as senior vice president of T2 Systems, a Verra Mobility company that specializes in parking management technology and services. She will report to David Roberts, president and CEO, Verra Mobility. Ms. Bo will succeed Adam Blake, who led T2 Systems for nearly 10 years and is stepping down after completing his commitment to stay with the company when it was acquired by Verra Mobility in 2021. Mo
MESA, Ariz., April 22, 2024 /PRNewswire/ -- Verra Mobility Corporation (NASDAQ:VRRM), a leading provider of smart mobility technology solutions, today announced the appointment of Cate Prescott as the company's Executive Vice President and Chief People Officer. Ms. Prescott joins Verra Mobility from National Instruments (NASDAQ:NATI), a leading provider of software-connected automated test and measurement solutions, where she served as Chief People Officer. Before being acquired by Emerson Corporation in 2023, National Instruments was a publicly traded company with approximate
Verra Mobility will take an active role in the development of open standards and technology for connected vehicles as part of trusted global alliance of automotive experts MESA, Ariz., April 9, 2024 /PRNewswire/ -- Verra Mobility Corporation (NASDAQ:VRRM), a leading provider of smart mobility technology solutions, announced today that it has joined the Connected Vehicle Systems Alliance, also known as COVESA. The organization's goal is to develop open standards and innovative technologies for connected vehicle systems and shape the future of connected vehicles and the mobility ecosystem.
Mr. Ratnakar brings decades of experience leading corporate strategy and M&A for large industrial and technology companies. MESA, Ariz., Feb. 20, 2024 /PRNewswire/ -- Verra Mobility Corporation (NASDAQ:VRRM), a leading provider of smart mobility technology solutions, announced Raj Ratnakar has been appointed as a new independent director on the company's Board of Directors. Mr. Ratnakar fills the vacancy after Sarah Farrell resigned from the Board on February 15, 2024. Mr. Ratnakar served as Senior Vice President and Chief Strategy Officer for DuPont from 2019 to 2023, where h
MESA, Ariz., July 19, 2023 /PRNewswire/ -- Verra Mobility Corporation (NASDAQ:VRRM), a leading provider of smart mobility technology solutions, announced today the appointment of Katrina Sevier as Chief People Officer. Ms. Sevier joins Verra Mobility from global digital business services provider Teleperformance, where she served as Chief Human Resources Officer for Teleperformance USA and oversaw the transformation of the human resources organization in the U.S. She brings more than 16 years of experience as a human resources leader for technology and financial services organ
MESA, Ariz., Dec. 16, 2022 /PRNewswire/ -- Verra Mobility Corporation (NASDAQ:VRRM), a leading provider of smart mobility technology solutions, announced today the appointment of Jon Keyser as Executive Vice President and Chief Legal Officer, effective December 19, 2022. Mr. Keyser joins Verra Mobility from Honeywell International Inc. (NASDAQ:HON), where he served as Vice President and General Counsel for Honeywell's Performance Materials and Technology (PMT) business division. Honeywell PMT is a $10 billion annual revenue science, technology and ESG-oriented business that de
MESA, Ariz., March 31, 2022 /PRNewswire/ -- Verra Mobility Corporation (NASDAQ:VRRM) (the "Company"), a leading provider of smart mobility solutions, announced today that it is continuing to finalize its financial statements for the fiscal year ended December 31, 2021, and complete the related Audit Committee investigation described in the Company's Form 12b-25 filing issued on February 28, 2022. The Company expects the audit of its financial statements to be completed in the near term and confirms its estimated results for 2021 as set forth in its press release dated February 28, 2022.
MESA, Ariz., March 23, 2022 /PRNewswire/ -- Verra Mobility (NASDAQ:VRRM), a leading provider of smart mobility technology solutions, announced today the appointment of Jon Baldwin as Executive Vice President of Government Solutions, effective April 4, 2022. Mr. Baldwin previously served as President of Fortive's Gems, Sensors and Controls business, a global supplier of industrial sensors and control components. He brings 26 years of experience leading global business operations, including a focus on business-to-government software and services. Mr. Baldwin will be a key member
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