Verra Mobility (NASDAQ:VRRM – Get Free Report) was upgraded by equities research analysts at JPMorgan Chase & Co. from an “underweight” rating to a “neutral” rating in a research note issued on Monday,Benzinga reports. The firm currently has a $6.00 price objective on the stock, up from their prior price objective of $5.00. JPMorgan Chase & Co.‘s price target indicates a potential upside of 45.63% from the stock’s previous close.
A number of other equities analysts have also recently issued reports on VRRM. William Blair cut Verra Mobility from an “outperform” rating to a “market perform” rating in a report on Wednesday, May 27th. CJS Securities cut Verra Mobility from a “market outperform” rating to a “market perform” rating and set a $10.00 price target for the company. in a research note on Wednesday, May 27th. Zacks Research downgraded shares of Verra Mobility from a “hold” rating to a “strong sell” rating in a research report on Monday, June 1st. Deutsche Bank Aktiengesellschaft reissued a “hold” rating and set a $9.00 price objective (down from $22.00) on shares of Verra Mobility in a research note on Wednesday, May 27th. Finally, Morgan Stanley set a $4.00 price objective on shares of Verra Mobility in a report on Wednesday, May 27th. Eight investment analysts have rated the stock with a Hold rating and two have given a Sell rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Reduce” and an average price target of $6.50.
Check Out Our Latest Report on VRRM
Verra Mobility Stock Performance
Verra Mobility (NASDAQ:VRRM – Get Free Report) last posted its quarterly earnings results on Wednesday, May 6th. The company reported $0.25 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.25. The business had revenue of $223.57 million for the quarter, compared to analyst estimates of $223.34 million. Verra Mobility had a return on equity of 55.59% and a net margin of 13.38%.The firm’s revenue was up .1% on a year-over-year basis. During the same period last year, the company earned $0.30 EPS. Verra Mobility has set its FY 2026 guidance at 1.320-1.380 EPS. As a group, equities research analysts predict that Verra Mobility will post 1.08 EPS for the current year.
Institutional Trading of Verra Mobility
Several hedge funds have recently bought and sold shares of the stock. Victory Capital Management Inc. lifted its stake in Verra Mobility by 1.1% in the third quarter. Victory Capital Management Inc. now owns 45,583 shares of the company’s stock valued at $1,126,000 after buying an additional 511 shares in the last quarter. Lido Advisors LLC increased its position in shares of Verra Mobility by 6.3% during the third quarter. Lido Advisors LLC now owns 10,025 shares of the company’s stock worth $248,000 after acquiring an additional 595 shares in the last quarter. Salomon & Ludwin LLC increased its position in shares of 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 acquiring an additional 751 shares in the last quarter. GAMMA Investing LLC raised its holdings in shares of Verra Mobility by 19.9% during the fourth quarter. GAMMA Investing LLC now owns 5,640 shares of the company’s stock worth $126,000 after acquiring an additional 937 shares during the period. Finally, ProShare Advisors LLC raised its holdings in shares of Verra Mobility by 3.2% during the fourth quarter. ProShare Advisors LLC now owns 31,067 shares of the company’s stock worth $696,000 after acquiring an additional 969 shares during the period.
About Verra Mobility
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.
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