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

Verra Mobility (NASDAQ:VRRM) had its price target dropped by stock analysts at JPMorgan Chase & Co. from $19.00 to $17.00 in a research note issued to investors on Friday,Benzinga reports. The firm currently has a “neutral” rating on the stock. JPMorgan Chase & Co.‘s price objective would suggest a potential upside of 27.77% from the company’s current price.

Other research analysts have also issued research reports about the stock. Weiss Ratings lowered shares of Verra Mobility from a “hold (c-)” rating to a “sell (d+)” rating in a report on Monday, May 4th. Wall Street Zen downgraded shares of Verra Mobility from a “buy” rating to a “hold” rating in a report on Saturday, May 9th. Robert W. Baird set a $20.00 price objective on shares of Verra Mobility in a report on Friday, May 8th. Morgan Stanley set a $15.00 price objective on shares of Verra Mobility in a report on Thursday, May 7th. Finally, Deutsche Bank Aktiengesellschaft reiterated a “buy” rating and issued a $22.00 target price on shares of Verra Mobility in a research note on Thursday, May 7th. Three equities research 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’s stock. According to MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of $21.00.

Verra Mobility Stock Performance

VRRM stock traded up $0.06 on Friday, hitting $13.31. The company’s stock had a trading volume of 475,063 shares, compared to its average volume of 1,649,811. The firm has a 50 day moving average of $14.81 and a two-hundred day moving average of $18.95. Verra Mobility has a 1 year low of $13.01 and a 1 year high of $25.83. The stock has a market cap of $2.02 billion, a price-to-earnings ratio of 16.23, a price-to-earnings-growth ratio of 2.69 and a beta of 0.67. The company has a current ratio of 1.89, a quick ratio of 1.77 and a debt-to-equity ratio of 3.76.

Verra Mobility (NASDAQ:VRRM) last announced its quarterly earnings data on Wednesday, May 6th. The company reported $0.25 EPS for the quarter, hitting analysts’ consensus estimates of $0.25. The company had revenue of $223.57 million during the quarter, compared to the consensus estimate of $223.34 million. Verra Mobility had a net margin of 13.38% and a return on equity of 55.59%. Verra Mobility’s quarterly revenue was up .1% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.30 EPS. Verra Mobility has set its FY 2026 guidance at 1.320-1.380 EPS. Equities analysts predict that Verra Mobility will post 1.23 EPS for the current fiscal year.

Institutional Trading of Verra Mobility

Large investors have recently made changes to their positions in the business. SG Americas Securities LLC grew its holdings in shares of Verra Mobility by 144.4% during the fourth quarter. SG Americas Securities LLC now owns 269,649 shares of the company’s stock worth $6,043,000 after purchasing an additional 159,331 shares during the last quarter. Sunriver Management LLC grew its holdings in shares of Verra Mobility by 10.7% during the third quarter. Sunriver Management LLC now owns 2,284,774 shares of the company’s stock worth $56,434,000 after purchasing an additional 219,976 shares during the last quarter. Thornburg Investment Management Inc. bought a new stake in shares of Verra Mobility during the third quarter worth $7,597,000. William Blair Investment Management LLC grew its holdings in shares of Verra Mobility by 34.7% during the third quarter. William Blair Investment Management LLC now owns 3,479,448 shares of the company’s stock worth $85,942,000 after purchasing an additional 896,564 shares during the last quarter. Finally, Comerica Bank grew its holdings in shares of Verra Mobility by 134.3% during the fourth quarter. Comerica Bank now owns 139,349 shares of the company’s stock worth $3,123,000 after purchasing an additional 79,887 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.