Verra Mobility (NASDAQ:VRRM) Given New $21.00 Price Target at JPMorgan Chase & Co.

Verra Mobility (NASDAQ:VRRM) had its price target cut by JPMorgan Chase & Co. from $24.00 to $21.00 in a report published on Monday morning,Benzinga reports. They currently have a neutral rating on the stock.

Other analysts have also issued reports about the company. Weiss Ratings reiterated a “hold (c)” rating on shares of Verra Mobility in a research note on Monday, December 29th. Wall Street Zen lowered Verra Mobility from a “strong-buy” rating to a “hold” rating in a report on Saturday, February 28th. Morgan Stanley decreased their price target on Verra Mobility from $24.00 to $20.00 and set an “equal weight” rating on the stock in a research report on Wednesday, February 25th. Finally, Robert W. Baird set a $24.00 price target on shares of Verra Mobility in a report on Wednesday, February 25th. Two research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Hold” and an average price target of $24.00.

Verra Mobility Stock Down 1.3%

VRRM opened at $16.25 on Monday. The company has a 50 day moving average of $19.82 and a 200 day moving average of $22.13. The company has a market cap of $2.46 billion, a PE ratio of 19.12, a price-to-earnings-growth ratio of 2.68 and a beta of 0.60. Verra Mobility has a 12 month low of $15.58 and a 12 month high of $25.83. The company has a current ratio of 2.10, a quick ratio of 2.00 and a debt-to-equity ratio of 3.49.

Verra Mobility (NASDAQ:VRRM) last issued its earnings results on Tuesday, February 24th. The company reported $0.30 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.32 by ($0.02). The business had revenue of $257.86 million for the quarter, compared to the consensus estimate of $241.17 million. Verra Mobility had a net margin of 13.95% and a return on equity of 57.45%. The company’s revenue was up 16.4% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.33 EPS. Verra Mobility has set its FY 2026 guidance at 1.320-1.380 EPS. On average, sell-side analysts expect that Verra Mobility will post 1.08 EPS for the current year.

Institutional Investors Weigh In On Verra Mobility

Several hedge funds have recently bought and sold shares of VRRM. Caitong International Asset Management Co. Ltd grew its stake in Verra Mobility by 967.8% in the 4th 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 in the last quarter. River Road Asset Management LLC raised its position in shares of Verra Mobility by 441.6% during the 4th quarter. River Road Asset Management LLC now owns 2,984,760 shares of the company’s stock valued at $66,888,000 after buying an additional 2,433,610 shares in the last quarter. Empowered Funds LLC purchased a new stake in shares of Verra Mobility during the 4th quarter valued at $109,000. XTX Topco Ltd lifted its holdings in shares of Verra Mobility by 896.8% during the 4th quarter. XTX Topco Ltd now owns 205,095 shares of the company’s stock worth $4,596,000 after acquiring an additional 184,519 shares during the last quarter. Finally, VARCOV Co. bought a new stake in shares of Verra Mobility during the 4th quarter worth $496,000.

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.