Verra Mobility (NASDAQ:VRRM) Upgraded by Robert W. Baird to Outperform Rating

Robert W. Baird upgraded shares of Verra Mobility (NASDAQ:VRRM) from a neutral rating to an outperform rating in a research note issued to investors on Tuesday, MarketBeat reports. The firm currently has $27.00 price target on the stock.

Separately, Morgan Stanley lowered their price objective on Verra Mobility from $25.00 to $23.00 and set an “equal weight” rating for the company in a research note on Thursday, March 27th.

Verra Mobility Stock Up 4.3 %

VRRM stock opened at $21.89 on Tuesday. Verra Mobility has a fifty-two week low of $19.51 and a fifty-two week high of $31.03. The company has a market capitalization of $3.49 billion, a price-to-earnings ratio of 36.48, a price-to-earnings-growth ratio of 2.18 and a beta of 0.91. The business’s 50 day moving average price is $22.39 and its two-hundred day moving average price is $24.06. The company has a debt-to-equity ratio of 2.13, a quick ratio of 2.52 and a current ratio of 2.61.

Institutional Investors Weigh In On Verra Mobility

Several institutional investors and hedge funds have recently modified their holdings of the stock. Exchange Traded Concepts LLC boosted its position in shares of Verra Mobility by 30.1% during the 1st quarter. Exchange Traded Concepts LLC now owns 37,276 shares of the company’s stock valued at $839,000 after acquiring an additional 8,631 shares during the last quarter. SG Americas Securities LLC bought a new position in Verra Mobility during the first quarter valued at $816,000. Harbor Capital Advisors Inc. lifted its position in Verra Mobility by 2.0% during the first quarter. Harbor Capital Advisors Inc. now owns 628,099 shares of the company’s stock valued at $14,139,000 after purchasing an additional 12,194 shares during the last quarter. GAMMA Investing LLC grew its stake in shares of Verra Mobility by 2,258.8% in the 1st quarter. GAMMA Investing LLC now owns 83,242 shares of the company’s stock worth $1,874,000 after buying an additional 79,713 shares in the last quarter. Finally, Armis Advisers LLC bought a new stake in shares of Verra Mobility in the 4th quarter worth about $307,000.

About Verra Mobility

Verra Mobility Corporation provides smart mobility technology solutions and services in the United States, Australia, Canada, and Europe. It operates through three segments: Commercial Services, Government Solutions, and Parking Solutions. The Commercial Services segment provides automated toll and violations management, and title and registration services to rental car companies, fleet management companies, and other large fleet owners.