Verra Mobility (NASDAQ:VRRM) Downgraded by CJS Securities to Market Perform

Verra Mobility (NASDAQ:VRRMGet Free Report) was downgraded by stock analysts at CJS Securities from an “outperform” rating to a “market perform” rating in a report released on Wednesday. They presently have a $10.00 price objective on the stock. CJS Securities’ price target suggests a potential downside of 23.55% from the stock’s previous close.

A number of other equities analysts have also recently commented on the company. JPMorgan Chase & Co. lowered their target price on Verra Mobility from $19.00 to $17.00 and set a “neutral” rating for the company in a report on Friday, May 15th. Morgan Stanley set a $15.00 price objective on Verra Mobility in a research note on Thursday, May 7th. Weiss Ratings cut Verra Mobility from a “hold (c-)” rating to a “sell (d+)” rating in a research note on Monday, May 4th. Deutsche Bank Aktiengesellschaft cut Verra Mobility from a “buy” rating to a “hold” rating and decreased their price objective for the company from $22.00 to $9.00 in a research note on Wednesday. Finally, Robert W. Baird reiterated a “neutral” rating and issued a $8.00 price objective (down from $20.00) on shares of Verra Mobility in a research note on Wednesday. One investment analyst has rated the stock with a Buy rating, five have assigned a Hold rating and two have assigned a Sell rating to the stock. Based on data from MarketBeat, Verra Mobility has an average rating of “Reduce” and an average target price of $13.50.

View Our Latest Research Report on VRRM

Verra Mobility Stock Performance

Shares of Verra Mobility stock opened at $13.08 on Wednesday. The business has a 50-day moving average of $14.39 and a 200 day moving average of $18.38. Verra Mobility has a 12 month low of $12.83 and a 12 month high of $25.83. The stock has a market capitalization of $1.99 billion, a price-to-earnings ratio of 15.95, a price-to-earnings-growth ratio of 2.72 and a beta of 0.67. The company has a debt-to-equity ratio of 3.76, a current ratio of 1.89 and a quick ratio of 1.77.

Verra Mobility (NASDAQ:VRRMGet Free Report) last announced its earnings results on Wednesday, May 6th. The company reported $0.25 EPS for the quarter, meeting analysts’ consensus estimates of $0.25. Verra Mobility had a return on equity of 55.59% and a net margin of 13.38%.The company had revenue of $223.57 million during the quarter, compared to analysts’ expectations of $223.34 million. During the same period last year, the business posted $0.30 EPS. Verra Mobility’s revenue for the quarter was up .1% on a year-over-year basis. Verra Mobility has set its FY 2026 guidance at 1.320-1.380 EPS. As a group, sell-side analysts forecast that Verra Mobility will post 1.22 earnings per share for the current year.

Institutional Investors Weigh In On Verra Mobility

Several hedge funds and other institutional investors have recently made changes to their positions in VRRM. Global Retirement Partners LLC acquired a new position in Verra Mobility during the fourth quarter worth approximately $27,000. Caitong International Asset Management Co. Ltd increased its position in Verra Mobility by 967.8% during the fourth quarter. Caitong International Asset Management Co. Ltd now owns 1,260 shares of the company’s stock worth $28,000 after buying an additional 1,142 shares during the period. Rothschild Investment LLC increased its position in Verra Mobility by 238.3% during the third quarter. Rothschild Investment LLC now owns 1,167 shares of the company’s stock worth $29,000 after buying an additional 822 shares during the period. Salomon & Ludwin LLC increased its position in Verra Mobility by 100.7% during the fourth quarter. Salomon & Ludwin LLC now owns 1,497 shares of the company’s stock worth $34,000 after buying an additional 751 shares during the period. Finally, EverSource Wealth Advisors LLC increased its position in Verra Mobility by 439.4% during the second quarter. EverSource Wealth Advisors LLC now owns 1,494 shares of the company’s stock worth $38,000 after buying an additional 1,217 shares during the period.

Verra Mobility Company Profile

(Get Free Report)

Verra Mobility, traded on the Nasdaq under the ticker VRRM, is a leading provider of smart mobility solutions designed to improve safety, efficiency and compliance for transportation authorities and commercial fleets. The company develops and operates automated traffic enforcement systems, toll and violation management platforms, and connected-vehicle services. Through its technology offerings, Verra Mobility helps public agencies enhance road safety, reduce congestion and streamline revenue collection for tolling and parking.

Verra Mobility’s core products include red-light and speed-camera enforcement programs, license plate recognition systems, and cloud-based violation processing software.

Further Reading

Analyst Recommendations for Verra Mobility (NASDAQ:VRRM)

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