Verra Mobility (NASDAQ:VRRM) Given New $19.00 Price Target at JPMorgan Chase & Co.

Verra Mobility (NASDAQ:VRRM) had its price objective trimmed by JPMorgan Chase & Co. from $21.00 to $19.00 in a research note issued to investors on Thursday morning,Benzinga reports. The firm currently has a neutral rating on the stock.

A number of other research firms also recently issued reports on VRRM. Weiss Ratings reiterated a “hold (c)” rating on shares of Verra Mobility in a research note on Monday, December 29th. Morgan Stanley reduced their price objective on shares of Verra Mobility from $24.00 to $20.00 and set an “equal weight” rating for the company in a research note on Wednesday, February 25th. Robert W. Baird set a $24.00 target price on Verra Mobility in a report on Wednesday, February 25th. Finally, Wall Street Zen cut Verra Mobility from a “strong-buy” rating to a “hold” rating in a research report on Saturday, February 28th. Two equities research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus price target of $23.50.

Verra Mobility Stock Up 1.3%

Shares of NASDAQ VRRM opened at $14.47 on Thursday. Verra Mobility has a 52-week low of $13.94 and a 52-week high of $25.83. The firm has a market capitalization of $2.19 billion, a price-to-earnings ratio of 17.02, a PEG ratio of 2.33 and a beta of 0.60. The stock has a 50 day moving average price of $17.77 and a 200 day moving average price of $21.25. The company has a debt-to-equity ratio of 3.49, a quick ratio of 2.00 and a current ratio of 2.10.

Verra Mobility (NASDAQ:VRRM) last posted its quarterly 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 firm had revenue of $257.86 million for the quarter, compared to the consensus estimate of $241.17 million. Verra Mobility had a return on equity of 57.45% and a net margin of 13.95%.Verra Mobility’s quarterly revenue was up 16.4% compared to the same quarter last year. During the same period in the previous year, the company posted $0.33 EPS. Verra Mobility has set its FY 2026 guidance at 1.320-1.380 EPS. Sell-side analysts expect that Verra Mobility will post 1.08 earnings per share for the current year.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of VRRM. Hsbc Holdings PLC acquired a new stake in Verra Mobility in the fourth quarter valued at approximately $289,000. Caitong International Asset Management Co. Ltd grew its holdings in Verra Mobility by 967.8% in the fourth quarter. Caitong International Asset Management Co. Ltd now owns 1,260 shares of the company’s stock worth $28,000 after purchasing an additional 1,142 shares during the last quarter. River Road Asset Management LLC increased its position in shares of Verra Mobility by 441.6% during the fourth quarter. River Road Asset Management LLC now owns 2,984,760 shares of the company’s stock worth $66,888,000 after purchasing an additional 2,433,610 shares in the last quarter. Empowered Funds LLC acquired a new position in shares of Verra Mobility during the fourth quarter worth $109,000. Finally, 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 valued at $4,596,000 after purchasing an additional 184,519 shares during the last quarter.

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.