Wall Street Zen Upgrades Verra Mobility (NASDAQ:VRRM) to Buy

Verra Mobility (NASDAQ:VRRM) was upgraded by investment analysts at Wall Street Zen from a “hold” rating to a “buy” rating in a research report issued on Saturday.

Other equities analysts have also issued reports about the company. Robert W. Baird set a $24.00 price objective on Verra Mobility in a research report on Wednesday, February 25th. Morgan Stanley decreased their price objective on Verra Mobility from $24.00 to $20.00 and set an “equal weight” rating for the company in a research report on Wednesday, February 25th. JPMorgan Chase & Co. reduced their price target on Verra Mobility from $21.00 to $19.00 and set a “neutral” rating for the company in a research report on Thursday, March 26th. Finally, Weiss Ratings reaffirmed a “hold (c)” rating on shares of Verra Mobility in a research report on Monday, December 29th. Two investment analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and an average target price of $23.50.

Verra Mobility Price Performance

Shares of VRRM opened at $14.50 on Friday. The company has a debt-to-equity ratio of 3.49, a quick ratio of 2.00 and a current ratio of 2.10. The stock has a 50 day simple moving average of $16.32 and a 200 day simple moving average of $20.49. Verra Mobility has a 52-week low of $13.84 and a 52-week high of $25.83. The firm has a market capitalization of $2.19 billion, a PE ratio of 17.06, a P/E/G ratio of 2.43 and a beta of 0.68.

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

Hedge Funds Weigh In On Verra Mobility

A number of large investors have recently bought and sold shares of VRRM. Global Retirement Partners LLC acquired a new position in Verra Mobility during the 4th quarter worth approximately $27,000. Caitong International Asset Management Co. Ltd raised its stake in shares of Verra Mobility by 967.8% during the 4th 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 in the last quarter. Rothschild Investment LLC raised its stake in shares of Verra Mobility by 238.3% during the 3rd quarter. Rothschild Investment LLC now owns 1,167 shares of the company’s stock worth $29,000 after purchasing an additional 822 shares in the last quarter. Salomon & Ludwin LLC raised its stake in shares of Verra Mobility by 100.7% during the 4th quarter. Salomon & Ludwin LLC now owns 1,497 shares of the company’s stock worth $34,000 after purchasing an additional 751 shares in the last quarter. Finally, EverSource Wealth Advisors LLC raised its stake in shares of Verra Mobility by 439.4% during the 2nd 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 in 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.