Verra Mobility (NASDAQ:VRRM) Downgraded to “Market Perform” Rating by CJS Securities

Verra Mobility (NASDAQ:VRRM) was downgraded by stock analysts at CJS Securities from an “outperform” rating to a “market perform” rating in a research report issued on Wednesday. They currently have a $10.00 price target on the stock. CJS Securities’ price target suggests a potential downside of 23.55% from the company’s previous close.

VRRM has been the topic of a number of other research reports. JPMorgan Chase & Co. dropped their target price on Verra Mobility from $19.00 to $17.00 and set a “neutral” rating on the stock in a report on Friday, May 15th. Robert W. Baird restated a “neutral” rating and set a $8.00 price target (down from $20.00) on shares of Verra Mobility in a research note on Wednesday. Weiss Ratings cut Verra Mobility from a “hold (c-)” rating to a “sell (d+)” rating in a research note on Monday, May 4th. Wall Street Zen cut Verra Mobility from a “buy” rating to a “hold” rating in a research note on Saturday, May 9th. Finally, Morgan Stanley set a $15.00 target price on shares of Verra Mobility in a research note on Thursday, May 7th. One equities research analyst has rated the stock with a Buy rating, five have issued a Hold rating and two have assigned a Sell rating to the stock. According to data from MarketBeat.com, Verra Mobility presently has a consensus rating of “Reduce” and a consensus target price of $13.50.

Verra Mobility Price Performance

Shares of NASDAQ:VRRM opened at $13.08 on Wednesday. The company has a 50-day simple moving average of $14.39 and a 200-day simple moving average of $18.38. Verra Mobility has a one year low of $12.83 and a one year high of $25.83. The company has a debt-to-equity ratio of 3.76, a quick ratio of 1.77 and a current ratio of 1.89. The stock has a market capitalization of $1.99 billion, a price-to-earnings ratio of 15.95, a PEG ratio of 2.72 and a beta of 0.67.

Verra Mobility (NASDAQ:VRRM) last announced its earnings results on Wednesday, May 6th. The company reported $0.25 EPS for the quarter, meeting analysts’ consensus estimates of $0.25. Verra Mobility had a net margin of 13.38% and a return on equity of 55.59%. The business had revenue of $223.57 million during the quarter, compared to analysts’ expectations of $223.34 million. During the same period in the prior year, the company earned $0.30 earnings per share. The business’s revenue was up .1% compared to the same quarter last year. Verra Mobility has set its FY 2026 guidance at 1.320-1.380 EPS. On average, analysts predict that Verra Mobility will post 1.22 EPS for the current year.

Institutional Trading of Verra Mobility

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Royal Bank of Canada boosted its stake in shares of Verra Mobility by 14.3% during the 1st quarter. Royal Bank of Canada now owns 148,464 shares of the company’s stock worth $3,342,000 after acquiring an additional 18,562 shares in the last quarter. AQR Capital Management LLC grew its holdings in Verra Mobility by 21.7% in the first quarter. AQR Capital Management LLC now owns 34,501 shares of the company’s stock valued at $777,000 after purchasing an additional 6,153 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its stake in shares of Verra Mobility by 4.6% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 98,120 shares of the company’s stock worth $2,209,000 after buying an additional 4,302 shares during the last quarter. Millennium Management LLC raised its stake in shares of Verra Mobility by 208.0% during the 1st quarter. Millennium Management LLC now owns 375,421 shares of the company’s stock worth $8,451,000 after buying an additional 253,529 shares during the last quarter. Finally, Goldman Sachs Group Inc. boosted its position in shares of Verra Mobility by 33.0% in the 1st quarter. Goldman Sachs Group Inc. now owns 1,182,297 shares of the company’s stock worth $26,614,000 after buying an additional 293,082 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.