Verra Mobility (NASDAQ:VRRM) Price Target Cut to $17.00 by Analysts at JPMorgan Chase & Co.

Verra Mobility (NASDAQ:VRRM) had its price objective decreased by JPMorgan Chase & Co. from $19.00 to $17.00 in a research note issued to investors on Friday,Benzinga reports. JPMorgan Chase & Co. currently has a neutral rating on the stock.

A number of other equities research analysts have also recently commented on the company. Robert W. Baird set a $20.00 price objective on Verra Mobility in a research note on Friday, May 8th. Weiss Ratings cut Verra Mobility from a “hold (c-)” rating to a “sell (d+)” rating in a research note on Monday, May 4th. Morgan Stanley set a $15.00 price objective on Verra Mobility in a research note on Thursday, May 7th. Deutsche Bank Aktiengesellschaft reissued a “buy” rating and issued a $22.00 price objective on shares of Verra Mobility in a research note on Thursday, May 7th. Finally, Wall Street Zen cut Verra Mobility from a “buy” rating to a “hold” rating in a research note on Saturday, May 9th. Three investment analysts have rated the stock with a Buy rating, two have given a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of $21.00.

Verra Mobility Trading Down 1.1%

Shares of Verra Mobility stock opened at $13.10 on Friday. The company has a debt-to-equity ratio of 3.76, a quick ratio of 1.77 and a current ratio of 1.89. Verra Mobility has a 52 week low of $13.01 and a 52 week high of $25.83. The stock has a 50 day moving average price of $14.74 and a two-hundred day moving average price of $18.91. The stock has a market capitalization of $1.99 billion, a PE ratio of 15.98, a price-to-earnings-growth ratio of 2.65 and a beta of 0.67.

Verra Mobility (NASDAQ:VRRM) last announced its quarterly earnings data on Wednesday, May 6th. The company reported $0.25 EPS for the quarter, meeting analysts’ consensus estimates of $0.25. Verra Mobility had a return on equity of 55.59% and a net margin of 13.38%.The firm had revenue of $223.57 million during the quarter, compared to analysts’ expectations of $223.34 million. During the same quarter last year, the firm posted $0.30 earnings per share. The company’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. As a group, equities analysts anticipate that Verra Mobility will post 1.23 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Hedge funds have recently modified their holdings of the stock. Rothschild Investment LLC boosted its position in shares of Verra Mobility by 238.3% during the third quarter. Rothschild Investment LLC now owns 1,167 shares of the company’s stock valued at $29,000 after buying an additional 822 shares during the last quarter. Global Retirement Partners LLC purchased a new position in shares of Verra Mobility during the fourth quarter valued at approximately $27,000. Caitong International Asset Management Co. Ltd boosted its position in shares of Verra Mobility by 967.8% during the fourth 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. EverSource Wealth Advisors LLC boosted its position in shares of Verra Mobility by 439.4% during the second quarter. EverSource Wealth Advisors LLC now owns 1,494 shares of the company’s stock valued at $38,000 after buying an additional 1,217 shares during the last quarter. Finally, Salomon & Ludwin LLC boosted its position in shares of Verra Mobility by 100.7% during the fourth quarter. Salomon & Ludwin LLC now owns 1,497 shares of the company’s stock valued at $34,000 after buying an additional 751 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.