Verra Mobility Corp (NASDAQ:VRRM) Receives Consensus Recommendation of "Hold" from Analysts
Verra Mobility Corp (NASDAQ:VRRM) has received a consensus "Hold" rating from five analysts, with three holding and two buying ratings. The average one-year price target is $27.25. Recent reports include UBS raising its target from $29 to $31 with a "buy" rating, while Weiss Ratings reaffirmed a "hold" rating. The stock opened at $18.94, with a market cap of $3.02 billion and a price-to-earnings ratio of 59.19. Verra Mobility specializes in smart mobility solutions for transportation authorities and commercial fleets.
Verra Mobility Corp (NASDAQ:VRRM - Get Free Report) has earned an average rating of "Hold" from the five analysts that are covering the stock, MarketBeat reports. Three research analysts have rated the stock with a hold rating and two have given a buy rating to the company. The average 1 year price target among analysts that have covered the stock in the last year is $27.25.
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A number of research analysts recently issued reports on VRRM shares. UBS Group lifted their price target on shares of Verra Mobility from $29.00 to $31.00 and gave the company a "buy" rating in a research report on Thursday, October 30th. Weiss Ratings reaffirmed a "hold (c)" rating on shares of Verra Mobility in a research note on Monday, December 29th. Wall Street Zen upgraded shares of Verra Mobility from a "buy" rating to a "strong-buy" rating in a report on Saturday, December 20th. Finally, JPMorgan Chase & Co. started coverage on Verra Mobility in a research note on Monday, January 26th. They issued a "neutral" rating and a $25.00 price target on the stock.
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Hedge Funds Weigh In On Verra Mobility
- Verra Mobility Stock Has Returned Back to the Station
Large investors have recently modified their holdings of the stock. Rothschild Investment LLC grew 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 valued at $29,000 after purchasing an additional 822 shares during the last quarter. Global Retirement Partners LLC bought a new position in shares of Verra Mobility in the fourth quarter worth approximately $27,000. Caitong International Asset Management Co. Ltd lifted its stake in shares of 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 worth $28,000 after buying an additional 1,142 shares in the last quarter. EverSource Wealth Advisors LLC grew its holdings 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 increased 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 acquiring an additional 751 shares in the last quarter.
Verra Mobility Price Performance
Shares of VRRM stock opened at $18.94 on Friday. The business's fifty day moving average is $20.98 and its 200 day moving average is $22.71. The company has a quick ratio of 2.35, a current ratio of 2.45 and a debt-to-equity ratio of 2.55. The stock has a market cap of $3.02 billion, a price-to-earnings ratio of 59.19, a PEG ratio of 2.99 and a beta of 0.59. Verra Mobility has a twelve month low of $17.08 and a twelve month high of $26.47.
About Verra Mobility
(Get Free Report)- If You Hate Speed Cameras, Then You’ll Like Verra Mobility Stock
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.
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