Verra Mobility (NASDAQ:VRRM) Price Target Cut to $6.00 by Analysts at Robert W. Baird

Verra Mobility (NASDAQ:VRRM) had its target price decreased by stock analysts at Robert W. Baird from $8.00 to $6.00 in a research report issued to clients and investors on Tuesday,Benzinga reports. The firm presently has a “neutral” rating on the stock. Robert W. Baird’s price target would indicate a potential upside of 22.70% from the stock’s current price.

A number of other research analysts also recently weighed in on the company. JPMorgan Chase & Co. reiterated an “underweight” rating and set a $8.00 price target (down from $17.00) on shares of Verra Mobility in a report on Wednesday, May 27th. Weiss Ratings downgraded Verra Mobility from a “hold (c-)” rating to a “sell (d+)” rating in a report on Monday, May 4th. UBS Group downgraded Verra Mobility from a “buy” rating to a “neutral” rating and lowered their price target for the company from $23.00 to $4.00 in a report on Thursday. Northcoast Research reiterated a “neutral” rating on shares of Verra Mobility in a report on Wednesday, May 27th. Finally, William Blair downgraded Verra Mobility from an “outperform” rating to a “market perform” rating in a report on Wednesday, May 27th. Seven equities research analysts have rated the stock with a Hold rating and two have issued a Sell rating to the company. According to MarketBeat, the stock has a consensus rating of “Reduce” and an average target price of $6.83.

Verra Mobility Stock Up 8.4%

Shares of Verra Mobility stock opened at $4.89 on Tuesday. The stock’s fifty day moving average is $13.56 and its 200-day moving average is $17.86. The firm has a market capitalization of $742.83 million, a PE ratio of 5.96, a price-to-earnings-growth ratio of 1.03 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 12-month low of $3.40 and a 12-month high of $25.83.

Verra Mobility (NASDAQ:VRRM) last announced its earnings results on Wednesday, May 6th. The company reported $0.25 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.25. Verra Mobility had a return on equity of 55.59% and a net margin of 13.38%.The company had revenue of $223.57 million for the quarter, compared to analyst estimates of $223.34 million. During the same period in the previous year, the firm earned $0.30 earnings per share. Verra Mobility’s revenue for the quarter was up .1% compared to the same quarter last year. Verra Mobility has set its FY 2026 guidance at 1.320-1.380 EPS. Equities analysts anticipate that Verra Mobility will post 1.08 earnings per share for the current year.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of VRRM. Global Retirement Partners LLC purchased a new position in Verra Mobility in the fourth quarter valued at about $27,000. Caitong International Asset Management Co. Ltd grew its stake in 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 valued at $28,000 after purchasing an additional 1,142 shares in the last quarter. Rothschild Investment LLC grew its stake in Verra Mobility by 238.3% in the third quarter. Rothschild Investment LLC now owns 1,167 shares of the company’s stock valued at $29,000 after purchasing an additional 822 shares in the last quarter. Salomon & Ludwin LLC grew its stake in Verra Mobility by 100.7% in the fourth quarter. Salomon & Ludwin LLC now owns 1,497 shares of the company’s stock valued at $34,000 after purchasing an additional 751 shares in the last quarter. Finally, EverSource Wealth Advisors LLC grew its stake in Verra Mobility by 439.4% in the second quarter. EverSource Wealth Advisors LLC now owns 1,494 shares of the company’s stock valued at $38,000 after purchasing an additional 1,217 shares in 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.