Verra Mobility (NASDAQ:VRRM) Downgraded by JPMorgan Chase & Co. to Underweight

Verra Mobility (NASDAQ:VRRM) was downgraded by investment analysts at JPMorgan Chase & Co. from a “neutral” rating to an “underweight” rating in a report issued on Wednesday. They presently have a $8.00 price objective on the stock. JPMorgan Chase & Co.‘s price objective would suggest a potential downside of 38.84% from the company’s previous close.

VRRM has been the subject of several other research reports. Weiss Ratings downgraded shares of Verra Mobility from a “hold (c-)” rating to a “sell (d+)” rating in a report on Monday, May 4th. Morgan Stanley set a $15.00 price objective on shares of Verra Mobility in a research report on Thursday, May 7th. Robert W. Baird reissued a “neutral” rating and set a $8.00 target price (down from $20.00) on shares of Verra Mobility in a research note on Wednesday. Wall Street Zen cut shares of Verra Mobility from a “buy” rating to a “hold” rating in a research report on Saturday, May 9th. Finally, Deutsche Bank Aktiengesellschaft lowered shares of Verra Mobility from a “buy” rating to a “hold” rating and dropped their price target for the company from $22.00 to $9.00 in a research note on Wednesday. One equities research analyst has rated the stock with a Buy rating, five have issued a Hold rating and two have assigned a Sell rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Reduce” and a consensus target price of $13.50.

Verra Mobility Stock Down 3.0%

NASDAQ:VRRM opened at $13.08 on Wednesday. The company has a current ratio of 1.89, a quick ratio of 1.77 and a debt-to-equity ratio of 3.76. The stock has a 50 day moving average of $14.39 and a 200-day moving average of $18.38. The firm has a market capitalization of $1.99 billion, a PE ratio of 15.95, a price-to-earnings-growth ratio of 2.72 and a beta of 0.67. Verra Mobility has a 52 week low of $12.83 and a 52 week high of $25.83.

Verra Mobility (NASDAQ:VRRM) last released its quarterly earnings data on Wednesday, May 6th. The company reported $0.25 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.25. The business had revenue of $223.57 million during the quarter, compared to analyst estimates of $223.34 million. Verra Mobility had a return on equity of 55.59% and a net margin of 13.38%.The business’s revenue for the quarter was up .1% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.30 EPS. Verra Mobility has set its FY 2026 guidance at 1.320-1.380 EPS. Analysts predict that Verra Mobility will post 1.22 EPS for the current year.

Institutional Trading of Verra Mobility

Hedge funds and other institutional investors have recently made changes to their positions in the stock. SG Americas Securities LLC increased its stake 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 valued at $6,043,000 after acquiring an additional 159,331 shares during the period. Sunriver Management LLC lifted its position in Verra Mobility by 10.7% in 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 period. Comerica Bank lifted its position in Verra Mobility by 134.3% in 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 period. Thornburg Investment Management Inc. bought a new position in Verra Mobility during the 3rd quarter valued at $7,597,000. Finally, William Blair Investment Management LLC increased its position in shares of Verra Mobility by 34.7% during the 3rd quarter. William Blair Investment Management LLC now owns 3,479,448 shares of the company’s stock valued at $85,942,000 after purchasing an additional 896,564 shares during the period.

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.