JPMorgan Chase & Co. Cuts Verra Mobility (NASDAQ:VRRM) Price Target to $21.00

Verra Mobility (NASDAQ:VRRM) had its price target decreased by JPMorgan Chase & Co. from $24.00 to $21.00 in a research note released on Monday,Benzinga reports. JPMorgan Chase & Co. currently has a neutral rating on the stock.

A number of other equities research analysts have also commented on the stock. Robert W. Baird set a $24.00 price objective on shares of Verra Mobility in a report on Wednesday, February 25th. Morgan Stanley reduced their target price on shares of Verra Mobility from $24.00 to $20.00 and set an “equal weight” rating for the company in a research note on Wednesday, February 25th. Wall Street Zen cut Verra Mobility from a “strong-buy” rating to a “hold” rating in a report on Saturday, February 28th. Finally, Weiss Ratings reissued a “hold (c)” rating on shares of Verra Mobility in a research note 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. According to data from MarketBeat.com, the stock has an average rating of “Hold” and an average price target of $24.00.

Verra Mobility Price Performance

Shares of VRRM opened at $15.73 on Monday. The company has a debt-to-equity ratio of 3.49, a quick ratio of 2.00 and a current ratio of 2.10. The stock has a 50 day simple moving average of $19.56 and a 200 day simple moving average of $22.02. Verra Mobility has a 52-week low of $15.58 and a 52-week high of $25.83. The firm has a market capitalization of $2.38 billion, a PE ratio of 18.51, a P/E/G ratio of 2.61 and a beta of 0.60.

Verra Mobility (NASDAQ:VRRM) last announced its earnings results on Tuesday, February 24th. The company reported $0.30 EPS for the quarter, missing the consensus estimate of $0.32 by ($0.02). The company had revenue of $257.86 million for the quarter, compared to analyst estimates of $241.17 million. Verra Mobility had a return on equity of 57.45% and a net margin of 13.95%.The business’s quarterly revenue was up 16.4% on a year-over-year basis. During the same quarter last year, the business posted $0.33 earnings per share. Verra Mobility has set its FY 2026 guidance at 1.320-1.380 EPS. Sell-side analysts predict that Verra Mobility will post 1.08 EPS for the current fiscal year.

Institutional Trading of Verra Mobility

A number of institutional investors have recently made changes to their positions in the business. Global Retirement Partners LLC bought a new position in Verra Mobility in the fourth quarter valued at $27,000. Caitong International Asset Management Co. Ltd increased its stake in Verra Mobility by 967.8% in the 4th quarter. Caitong International Asset Management Co. Ltd now owns 1,260 shares of the company’s stock valued at $28,000 after buying an additional 1,142 shares during the last quarter. Rothschild Investment LLC lifted its position in Verra Mobility by 238.3% during the 3rd quarter. Rothschild Investment LLC now owns 1,167 shares of the company’s stock worth $29,000 after buying an additional 822 shares in the last quarter. Salomon & Ludwin LLC lifted its position in 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 buying an additional 751 shares in the last quarter. Finally, EverSource Wealth Advisors LLC boosted its stake in shares of Verra Mobility by 439.4% during the 2nd 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.

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.