JPMorgan Chase & Co. Lowers Verra Mobility (NASDAQ:VRRM) Price Target to $19.00

Verra Mobility (NASDAQ:VRRM) had its price objective dropped by equities research analysts at JPMorgan Chase & Co. from $21.00 to $19.00 in a report released on Thursday,Benzinga reports. The brokerage currently has a “neutral” rating on the stock. JPMorgan Chase & Co.‘s target price points to a potential upside of 36.89% from the company’s previous close.

A number of other research firms also recently issued reports on VRRM. Morgan Stanley lowered their price objective on shares of Verra Mobility from $24.00 to $20.00 and set an “equal weight” rating on the stock in a report on Wednesday, February 25th. Wall Street Zen downgraded shares of Verra Mobility from a “strong-buy” rating to a “hold” rating in a research report on Saturday, February 28th. Weiss Ratings reiterated a “hold (c)” rating on shares of Verra Mobility in a research note on Monday, December 29th. Finally, Robert W. Baird set a $24.00 price target on shares of Verra Mobility in a research report on Wednesday, February 25th. Two research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price of $23.50.

Verra Mobility Stock Down 4.1%

VRRM stock opened at $13.88 on Thursday. The company has a debt-to-equity ratio of 3.49, a current ratio of 2.10 and a quick ratio of 2.00. The stock has a market capitalization of $2.10 billion, a P/E ratio of 16.33, a P/E/G ratio of 2.36 and a beta of 0.60. Verra Mobility has a fifty-two week low of $13.84 and a fifty-two week high of $25.83. The business has a 50-day moving average of $17.59 and a 200-day moving average of $21.18.

Verra Mobility (NASDAQ:VRRM) last announced its earnings results on Tuesday, February 24th. The company reported $0.30 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.32 by ($0.02). Verra Mobility had a net margin of 13.95% and a return on equity of 57.45%. The firm had revenue of $257.86 million during the quarter, compared to analyst estimates of $241.17 million. During the same period in the prior year, the business posted $0.33 EPS. The firm’s quarterly revenue 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. On average, sell-side analysts anticipate that Verra Mobility will post 1.08 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Verra Mobility

Institutional investors have recently bought and sold shares of the business. State of Wyoming boosted its stake in Verra Mobility by 1.5% in the third quarter. State of Wyoming now owns 31,483 shares of the company’s stock valued at $778,000 after buying an additional 454 shares in the last quarter. Smartleaf Asset Management LLC increased its holdings in shares of Verra Mobility by 14.9% during the third quarter. Smartleaf Asset Management LLC now owns 3,922 shares of the company’s stock worth $97,000 after buying an additional 508 shares in the last quarter. Victory Capital Management Inc. raised its position in Verra Mobility by 1.1% in the third quarter. Victory Capital Management Inc. now owns 45,583 shares of the company’s stock valued at $1,126,000 after purchasing an additional 511 shares during the last quarter. EverSource Wealth Advisors LLC raised its holdings in Verra Mobility by 35.2% in the 3rd quarter. EverSource Wealth Advisors LLC now owns 2,020 shares of the company’s stock valued at $50,000 after buying an additional 526 shares during the last quarter. Finally, Nisa Investment Advisors LLC raised its stake in shares of Verra Mobility by 9.7% during the third quarter. Nisa Investment Advisors LLC now owns 6,522 shares of the company’s stock valued at $161,000 after acquiring an additional 574 shares during the last quarter.

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.