Verra Mobility (NASDAQ:VRRM) Coverage Initiated by Analysts at JPMorgan Chase & Co.

JPMorgan Chase & Co. began coverage on shares of Verra Mobility (NASDAQ:VRRM) in a research note issued to investors on Monday, MarketBeat Ratings reports. The firm issued a neutral rating and a $25.00 price target on the stock.

VRRM has been the subject of several other reports. Weiss Ratings restated a “hold (c)” rating on shares of Verra Mobility in a report on Monday, December 29th. UBS Group increased their target price on Verra Mobility from $29.00 to $31.00 and gave the stock a “buy” rating in a research report on Thursday, October 30th. Finally, Wall Street Zen upgraded Verra Mobility from a “buy” rating to a “strong-buy” rating in a research report on Saturday, December 20th. Two analysts have rated the stock with a Buy rating and three have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and an average price target of $27.25.

Verra Mobility Stock Performance

NASDAQ:VRRM opened at $20.53 on Monday. The company has a quick ratio of 2.35, a current ratio of 2.45 and a debt-to-equity ratio of 2.55. The firm’s fifty day simple moving average is $22.06 and its 200 day simple moving average is $23.51. The stock has a market cap of $3.28 billion, a P/E ratio of 64.16, a price-to-earnings-growth ratio of 3.38 and a beta of 0.60. Verra Mobility has a twelve month low of $19.51 and a twelve month high of $27.20.

Verra Mobility (NASDAQ:VRRM) last issued its quarterly earnings data on Wednesday, October 29th. The company reported $0.37 EPS for the quarter, topping the consensus estimate of $0.34 by $0.03. The business had revenue of $261.94 million during the quarter, compared to analyst estimates of $237.68 million. Verra Mobility had a net margin of 5.42% and a return on equity of 60.72%. The company’s revenue for the quarter was up 16.1% on a year-over-year basis. During the same period in the prior year, the business earned $0.32 EPS. Verra Mobility has set its FY 2025 guidance at 1.300-1.350 EPS. As a group, research analysts predict that Verra Mobility will post 1.08 EPS for the current year.

Institutional Investors Weigh In On Verra Mobility

A number of institutional investors have recently made changes to their positions in VRRM. Rothschild Investment LLC raised its holdings in Verra Mobility by 238.3% in the 3rd quarter. Rothschild Investment LLC now owns 1,167 shares of the company’s stock worth $29,000 after acquiring an additional 822 shares during the last quarter. Farther Finance Advisors LLC increased its holdings in shares of Verra Mobility by 46.6% in the 2nd quarter. Farther Finance Advisors LLC now owns 1,447 shares of the company’s stock worth $37,000 after purchasing an additional 460 shares in the last quarter. EverSource Wealth Advisors LLC raised its stake in shares of Verra Mobility by 439.4% in the second quarter. EverSource Wealth Advisors LLC now owns 1,494 shares of the company’s stock worth $38,000 after purchasing an additional 1,217 shares during the last quarter. CWM LLC raised its stake in shares of Verra Mobility by 112.2% in the second quarter. CWM LLC now owns 1,509 shares of the company’s stock worth $38,000 after purchasing an additional 798 shares during the last quarter. Finally, Neo Ivy Capital Management bought a new position in shares of Verra Mobility during the third quarter valued at $60,000.

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.