Verra Mobility (NASDAQ:VRRM) Upgraded at Wall Street Zen

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

Several other equities analysts have also recently commented on VRRM. Morgan Stanley lowered their target price on shares of Verra Mobility from $24.00 to $20.00 and set an “equal weight” rating on the stock in a research note on Wednesday, February 25th. Robert W. Baird set a $24.00 target price on shares of Verra Mobility in a research note on Wednesday, February 25th. JPMorgan Chase & Co. reduced their price objective on shares of 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 restated a “hold (c)” rating on shares of Verra Mobility in a research report on Monday, December 29th. Two analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company. According to MarketBeat, Verra Mobility presently has an average rating of “Hold” and a consensus target price of $23.50.

Verra Mobility Price Performance

Verra Mobility stock opened at $15.02 on Monday. The stock has a market cap of $2.27 billion, a price-to-earnings ratio of 17.67, a PEG ratio of 2.45 and a beta of 0.68. The company has a current ratio of 2.10, a quick ratio of 2.00 and a debt-to-equity ratio of 3.49. The company’s 50-day moving average price is $15.63 and its two-hundred day moving average price is $19.79. Verra Mobility has a 52 week low of $13.84 and a 52 week high of $25.83.

Verra Mobility (NASDAQ:VRRM) last released its earnings results on Tuesday, February 24th. The company reported $0.30 EPS for the quarter, missing the consensus estimate of $0.32 by ($0.02). The company had revenue of $257.86 million for the quarter, compared to analyst estimates of $241.17 million. Verra Mobility had a net margin of 13.95% and a return on equity of 57.45%. The firm’s quarterly revenue was up 16.4% on a year-over-year basis. During the same period in the previous year, the business posted $0.33 EPS. Verra Mobility has set its FY 2026 guidance at 1.320-1.380 EPS. On average, analysts expect that Verra Mobility will post 1.23 EPS for the current fiscal year.

Hedge Funds Weigh In On Verra Mobility

Several large investors have recently made changes to their positions in the business. Pictet Asset Management Holding SA boosted its holdings in shares of Verra Mobility by 9.4% in the first quarter. Pictet Asset Management Holding SA now owns 26,184 shares of the company’s stock worth $374,000 after buying an additional 2,240 shares during the period. Louisiana State Employees Retirement System acquired a new position in shares of Verra Mobility in the first quarter worth about $1,012,000. Oak Family Advisors LLC boosted its holdings in shares of Verra Mobility by 8.6% in the first quarter. Oak Family Advisors LLC now owns 285,827 shares of the company’s stock worth $4,084,000 after buying an additional 22,705 shares during the period. OP Asset Management Ltd acquired a new position in shares of Verra Mobility in the first quarter worth about $604,000. Finally, Hsbc Holdings PLC acquired a new position in shares of Verra Mobility in the fourth quarter worth about $289,000.

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.