Verra Mobility (NASDAQ:VRRM) Sees Strong Trading Volume After Analyst Upgrade

Shares of Verra Mobility Corp (NASDAQ:VRRM) saw an uptick in trading volume on Monday after JPMorgan Chase & Co. upgraded the stock from an underweight rating to a neutral rating. JPMorgan Chase & Co. now has a $6.00 price target on the stock, up from their previous price target of $5.00. Approximately 2,838,304 shares changed hands during mid-day trading, a decline of 27% from the previous session’s volume of 3,886,822 shares.The stock last traded at $4.6150 and had previously closed at $4.12.

A number of other equities analysts have also commented on VRRM. CJS Securities lowered Verra Mobility from a “market outperform” rating to a “market perform” rating and set a $10.00 price objective on the stock. in a research note on Wednesday, May 27th. Northcoast Research reissued a “neutral” rating on shares of Verra Mobility in a research report on Wednesday, May 27th. Morgan Stanley set a $4.00 price target on shares of Verra Mobility in a report on Wednesday, May 27th. Deutsche Bank Aktiengesellschaft reaffirmed a “hold” rating and issued a $9.00 price objective (down from $22.00) on shares of Verra Mobility in a research note on Wednesday, May 27th. Finally, William Blair cut shares of Verra Mobility from an “outperform” rating to a “market perform” rating in a research report on Wednesday, May 27th. Eight equities research analysts have rated the stock with a Hold rating and two have assigned a Sell rating to the company. According to MarketBeat, the stock currently has an average rating of “Reduce” and an average target price of $6.50.

Institutional Investors Weigh In On Verra Mobility

Hedge funds and other institutional investors have recently modified their holdings of the company. Global Retirement Partners LLC bought a new position in shares of Verra Mobility in the 4th quarter worth $27,000. Caitong International Asset Management Co. Ltd increased its stake in 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 valued at $28,000 after purchasing an additional 1,142 shares in the last quarter. Salomon & Ludwin LLC raised its holdings in Verra Mobility by 100.7% during the fourth quarter. Salomon & Ludwin LLC now owns 1,497 shares of the company’s stock worth $34,000 after buying an additional 751 shares during the last quarter. EverSource Wealth Advisors LLC raised its holdings in Verra Mobility by 439.4% during the second quarter. EverSource Wealth Advisors LLC now owns 1,494 shares of the company’s stock worth $38,000 after buying an additional 1,217 shares during the last quarter. Finally, Versant Capital Management Inc lifted its stake in shares of Verra Mobility by 190.4% in the second quarter. Versant Capital Management Inc now owns 10,378 shares of the company’s stock valued at $44,000 after buying an additional 6,804 shares in the last quarter.

Verra Mobility Price Performance

The stock has a market capitalization of $687.39 million, a P/E ratio of 5.52 and a beta of 0.43. The business’s 50 day simple moving average is $7.56 and its two-hundred day simple moving average is $14.29. The company has a quick ratio of 1.77, a current ratio of 1.89 and a debt-to-equity ratio of 3.76.

Verra Mobility (NASDAQ:VRRM) last posted its earnings results on Wednesday, May 6th. The company reported $0.25 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.25. The company had revenue of $223.57 million for the quarter, compared to analyst estimates of $223.34 million. Verra Mobility had a net margin of 13.38% and a return on equity of 55.59%. The firm’s revenue was up .1% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.30 EPS. Verra Mobility has set its FY 2026 guidance at 1.320-1.380 EPS. As a group, sell-side analysts forecast that Verra Mobility Corp will post 1.08 earnings per share for the current fiscal year.

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.