Verra Mobility Corp (NASDAQ:VRRM) Given Consensus Rating of “Hold” by Analysts

Verra Mobility Corp (NASDAQ:VRRM) has received an average rating of “Hold” from the five brokerages that are currently covering the company, MarketBeat reports. Three research analysts have rated the stock with a hold recommendation and two have assigned a buy recommendation to the company. The average twelve-month price objective among analysts that have covered the stock in the last year is $27.25.

VRRM has been the subject of a number of recent analyst reports. JPMorgan Chase & Co. initiated coverage on Verra Mobility in a research report on Monday, January 26th. They issued a “neutral” rating and a $25.00 target price for the company. Wall Street Zen upgraded shares of Verra Mobility from a “buy” rating to a “strong-buy” rating in a research note on Saturday, December 20th. UBS Group boosted their price objective on shares of Verra Mobility from $29.00 to $31.00 and gave the company a “buy” rating in a report on Thursday, October 30th. Finally, Weiss Ratings restated a “hold (c)” rating on shares of Verra Mobility in a research report on Monday, December 29th.

Institutional Investors Weigh In On Verra Mobility

A number of large investors have recently made changes to their positions in the company. Rothschild Investment LLC increased its stake in shares of Verra Mobility by 238.3% in 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. Global Retirement Partners LLC purchased a new stake in Verra Mobility in the fourth quarter worth about $27,000. Caitong International Asset Management Co. Ltd raised its stake in shares of 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 buying an additional 1,142 shares during the period. EverSource Wealth Advisors LLC raised its stake in shares of Verra Mobility by 439.4% in 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 period. Finally, Salomon & Ludwin LLC lifted its position 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 valued at $34,000 after buying an additional 751 shares in the last quarter.

Verra Mobility Stock Up 2.7%

VRRM stock opened at $18.94 on Friday. The stock has a market capitalization of $3.02 billion, a P/E ratio of 59.19, a P/E/G ratio of 2.99 and a beta of 0.59. The company has a debt-to-equity ratio of 2.55, a current ratio of 2.45 and a quick ratio of 2.35. Verra Mobility has a 1-year low of $17.08 and a 1-year high of $26.47. The business has a fifty day moving average price of $20.98 and a 200-day moving average price of $22.71.

Verra Mobility Company Profile

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.