Verra Mobility (NASDAQ:VRRM) Given New $19.00 Price Target at JPMorgan Chase & Co.

Verra Mobility (NASDAQ:VRRM) had its price objective cut by research analysts at JPMorgan Chase & Co. from $21.00 to $19.00 in a research note issued on Thursday,Benzinga reports. The firm presently has a “neutral” rating on the stock. JPMorgan Chase & Co.‘s price target would indicate a potential upside of 29.25% from the stock’s previous close.

A number of other research firms have also weighed in on VRRM. Morgan Stanley lowered their price objective 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. Robert W. Baird set a $24.00 price target on shares of Verra Mobility in a report on Wednesday, February 25th. Wall Street Zen cut shares of Verra Mobility from a “strong-buy” rating to a “hold” rating in a research report on Saturday, February 28th. Finally, Weiss Ratings reiterated a “hold (c)” rating on shares of Verra Mobility in a research note on Monday, December 29th. Two research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average price target of $23.50.

Verra Mobility Trading Up 2.9%

VRRM traded up $0.42 during trading on Thursday, hitting $14.70. 848,316 shares of the stock were exchanged, compared to its average volume of 1,615,044. 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 firm has a 50 day simple moving average of $17.92 and a 200 day simple moving average of $21.30. The firm has a market cap of $2.22 billion, a price-to-earnings ratio of 17.30, a P/E/G ratio of 2.32 and a beta of 0.60. Verra Mobility has a 1 year low of $13.94 and a 1 year high of $25.83.

Verra Mobility (NASDAQ:VRRM) last issued its earnings results on Tuesday, February 24th. The company reported $0.30 earnings per share for the quarter, missing the consensus estimate of $0.32 by ($0.02). Verra Mobility had a return on equity of 57.45% and a net margin of 13.95%.The firm had revenue of $257.86 million during the quarter, compared to analysts’ expectations of $241.17 million. During the same quarter in the prior year, the company posted $0.33 earnings per share. Verra Mobility’s quarterly revenue was up 16.4% 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 expect that Verra Mobility will post 1.08 EPS for the current year.

Institutional Trading of Verra Mobility

A number of institutional investors have recently modified their holdings of the company. Wellington Management Group LLP grew its position in shares of Verra Mobility by 4.9% in the 4th quarter. Wellington Management Group LLP now owns 7,059,237 shares of the company’s stock worth $158,198,000 after buying an additional 329,264 shares during the last quarter. JPMorgan Chase & Co. lifted its position in Verra Mobility by 4.7% during the third quarter. JPMorgan Chase & Co. now owns 6,223,576 shares of the company’s stock valued at $153,722,000 after acquiring an additional 281,465 shares during the last quarter. Morgan Stanley lifted its position in Verra Mobility by 44.8% during the fourth quarter. Morgan Stanley now owns 4,194,005 shares of the company’s stock valued at $93,988,000 after acquiring an additional 1,296,602 shares during the last quarter. William Blair Investment Management LLC boosted its stake in Verra Mobility by 34.7% in the third quarter. William Blair Investment Management LLC now owns 3,479,448 shares of the company’s stock valued at $85,942,000 after acquiring an additional 896,564 shares in the last quarter. Finally, Dimensional Fund Advisors LP grew its holdings in Verra Mobility by 0.7% in the fourth quarter. Dimensional Fund Advisors LP now owns 3,316,850 shares of the company’s stock worth $74,333,000 after purchasing an additional 24,682 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.