Verra Mobility (NASDAQ:VRRM) Research Coverage Started at JPMorgan Chase & Co.

JPMorgan Chase & Co. assumed coverage on shares of Verra Mobility (NASDAQ:VRRM) in a research note issued to investors on Monday, MarketBeat reports. The brokerage issued a neutral rating and a $25.00 target price on the stock.

VRRM has been the subject of several other reports. Wall Street Zen raised Verra Mobility from a “buy” rating to a “strong-buy” rating in a research note on Saturday, December 20th. UBS Group increased their price target on shares of Verra Mobility from $29.00 to $31.00 and gave the stock a “buy” rating in a research report on Thursday, October 30th. Finally, Weiss Ratings restated a “hold (c)” rating on shares of Verra Mobility in a report on Monday, December 29th. Two analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Hold” and an average price target of $27.25.

Verra Mobility Stock Down 0.9%

VRRM opened at $19.84 on Monday. The company has a debt-to-equity ratio of 2.55, a quick ratio of 2.35 and a current ratio of 2.45. The company has a market capitalization of $3.17 billion, a PE ratio of 62.00, a P/E/G ratio of 3.18 and a beta of 0.60. The stock’s fifty day moving average is $21.97 and its 200-day moving average is $23.45. Verra Mobility has a one year low of $19.51 and a one year high of $26.98.

Verra Mobility (NASDAQ:VRRM) last released its earnings results on Wednesday, October 29th. The company reported $0.37 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.34 by $0.03. Verra Mobility had a return on equity of 60.72% and a net margin of 5.42%.The firm had revenue of $261.94 million for the quarter, compared to analyst estimates of $237.68 million. During the same period in the previous year, the company earned $0.32 earnings per share. Verra Mobility’s revenue was up 16.1% compared to the same quarter last year. On average, equities analysts predict that Verra Mobility will post 1.08 EPS for the current fiscal year.

Institutional Investors Weigh In On Verra Mobility

Several institutional investors and hedge funds have recently modified their holdings of the business. Rothschild Investment LLC increased its position in Verra Mobility by 238.3% during the third quarter. Rothschild Investment LLC now owns 1,167 shares of the company’s stock worth $29,000 after buying an additional 822 shares during the last quarter. Salomon & Ludwin LLC boosted its stake 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 worth $34,000 after acquiring an additional 751 shares in the last quarter. Farther Finance Advisors LLC increased its holdings in shares of Verra Mobility by 46.6% during the 2nd quarter. Farther Finance Advisors LLC now owns 1,447 shares of the company’s stock valued at $37,000 after acquiring an additional 460 shares during the last quarter. CWM LLC raised its stake in shares of Verra Mobility by 112.2% in the 2nd quarter. CWM LLC now owns 1,509 shares of the company’s stock valued at $38,000 after acquiring an additional 798 shares in the last quarter. Finally, EverSource Wealth Advisors LLC lifted its holdings in Verra Mobility by 439.4% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 1,494 shares of the company’s stock worth $38,000 after purchasing an additional 1,217 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.