Verra Mobility Corp (NASDAQ:VRRM – Get Free Report) shares saw strong trading volume on Monday after JPMorgan Chase & Co. upgraded the stock from an underweight rating to a neutral rating. JPMorgan Chase & Co. now has a $6.00 price target on the stock, up from their previous price target of $5.00. 2,838,304 shares were traded during trading, a decline of 27% from the previous session’s volume of 3,886,822 shares.The stock last traded at $4.6150 and had previously closed at $4.12.
A number of other research analysts have also recently commented on the company. CJS Securities cut Verra Mobility from a “market outperform” rating to a “market perform” rating and set a $10.00 price target on the stock. in a research report on Wednesday, May 27th. Morgan Stanley set a $4.00 price objective on shares of Verra Mobility in a research note on Wednesday, May 27th. Deutsche Bank Aktiengesellschaft reissued a “hold” rating and issued a $9.00 target price (down from $22.00) on shares of Verra Mobility in a report on Wednesday, May 27th. Zacks Research cut shares of Verra Mobility from a “hold” rating to a “strong sell” rating in a research report on Monday, June 1st. Finally, Robert W. Baird reduced their price target on shares of Verra Mobility from $8.00 to $6.00 and set a “neutral” rating on the stock in a research report on Tuesday, June 2nd. Eight equities research analysts have rated the stock with a Hold rating and two have assigned a Sell rating to the company. According to MarketBeat.com, Verra Mobility presently has an average rating of “Reduce” and an average price target of $6.50.
Check Out Our Latest Stock Report on Verra Mobility
Institutional Trading of Verra Mobility
Verra Mobility Stock Performance
The company has a current ratio of 1.89, a quick ratio of 1.77 and a debt-to-equity ratio of 3.76. The company’s 50-day simple moving average is $7.56 and its 200-day simple moving average is $14.29. The stock has a market capitalization of $687.39 million, a price-to-earnings ratio of 5.52 and a beta of 0.43.
Verra Mobility (NASDAQ:VRRM – Get Free Report) last released its quarterly earnings results on Wednesday, May 6th. The company reported $0.25 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.25. Verra Mobility had a net margin of 13.38% and a return on equity of 55.59%. The firm had revenue of $223.57 million during the quarter, compared to the consensus estimate of $223.34 million. During the same quarter last year, the firm earned $0.30 earnings per share. The company’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. On average, analysts expect that Verra Mobility Corp will post 1.08 EPS for the current year.
Verra Mobility Company Profile
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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