Verra Mobility (NASDAQ:VRRM) Rating Lowered to Underweight at JPMorgan Chase & Co.

Verra Mobility (NASDAQ:VRRM) was downgraded by equities research analysts at JPMorgan Chase & Co. from a “neutral” rating to an “underweight” rating in a research note issued to investors on Wednesday. They presently have a $8.00 price target on the stock. JPMorgan Chase & Co.‘s target price would indicate a potential downside of 38.84% from the stock’s current price.

VRRM has been the topic of a number of other research reports. William Blair lowered shares of Verra Mobility from an “outperform” rating to a “market perform” rating in a research note on Wednesday. Deutsche Bank Aktiengesellschaft lowered shares of Verra Mobility from a “buy” rating to a “hold” rating and cut their price objective for the stock from $22.00 to $9.00 in a report on Wednesday. CJS Securities lowered Verra Mobility from an “outperform” rating to a “market perform” rating and set a $10.00 target price on the stock. in a research report on Wednesday. Wall Street Zen downgraded Verra Mobility from a “buy” rating to a “hold” rating in a report on Saturday, May 9th. Finally, Morgan Stanley set a $15.00 price objective on Verra Mobility in a report 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 issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, Verra Mobility presently has an average rating of “Reduce” and a consensus target price of $13.50.

Verra Mobility Trading Down 3.0%

Shares of VRRM stock opened at $13.08 on Wednesday. The stock has a market cap of $1.99 billion, a price-to-earnings ratio of 15.95, a price-to-earnings-growth ratio of 2.72 and a beta of 0.67. 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 has a fifty-two week low of $12.83 and a fifty-two week high of $25.83. The firm’s 50 day moving average price is $14.39 and its two-hundred day moving average price is $18.38.

Verra Mobility (NASDAQ:VRRM) last released its quarterly earnings data on Wednesday, May 6th. The company reported $0.25 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.25. The company had revenue of $223.57 million during 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 business’s quarterly revenue was up .1% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.30 earnings per share. Verra Mobility has set its FY 2026 guidance at 1.320-1.380 EPS. On average, analysts anticipate that Verra Mobility will post 1.22 EPS for the current year.

Hedge Funds Weigh In On Verra Mobility

Several large investors have recently added to or reduced their stakes in the company. Norges Bank acquired a new position in Verra Mobility in the fourth quarter worth $68,608,000. River Road Asset Management LLC increased its stake in Verra Mobility by 441.6% during the fourth quarter. River Road Asset Management LLC now owns 2,984,760 shares of the company’s stock valued at $66,888,000 after purchasing an additional 2,433,610 shares during the last quarter. Morgan Stanley raised its holdings in shares of Verra Mobility by 44.8% during the fourth quarter. Morgan Stanley now owns 4,194,005 shares of the company’s stock worth $93,988,000 after purchasing an additional 1,296,602 shares during the period. Goldman Sachs Group Inc. lifted its position in shares of Verra Mobility by 71.8% in the 4th quarter. Goldman Sachs Group Inc. now owns 2,924,781 shares of the company’s stock worth $65,544,000 after buying an additional 1,222,116 shares during the last quarter. Finally, William Blair Investment Management LLC lifted its position in shares of Verra Mobility by 34.7% in the 3rd quarter. William Blair Investment Management LLC now owns 3,479,448 shares of the company’s stock worth $85,942,000 after buying an additional 896,564 shares during 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.