Skandinaviska Enskilda Banken AB publ Takes Position in Verra Mobility Corp $VRRM

Skandinaviska Enskilda Banken AB publ purchased a new position in shares of Verra Mobility Corp (NASDAQ:VRRM) during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 78,100 shares of the company’s stock, valued at approximately $1,929,000.

Other hedge funds have also recently added to or reduced their stakes in the company. EverSource Wealth Advisors LLC boosted its holdings in Verra Mobility by 439.4% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 1,494 shares of the company’s stock valued at $38,000 after purchasing an additional 1,217 shares in the last quarter. CWM LLC lifted its holdings in shares of Verra Mobility by 112.2% in the 2nd quarter. CWM LLC now owns 1,509 shares of the company’s stock valued at $38,000 after buying an additional 798 shares during the period. Osaic Holdings Inc. boosted its stake in shares of Verra Mobility by 285.8% in the second quarter. Osaic Holdings Inc. now owns 3,044 shares of the company’s stock valued at $72,000 after buying an additional 2,255 shares in the last quarter. Smartleaf Asset Management LLC grew its holdings in Verra Mobility by 46.7% during the second quarter. Smartleaf Asset Management LLC now owns 3,414 shares of the company’s stock worth $87,000 after acquiring an additional 1,087 shares during the period. Finally, GAMMA Investing LLC grew its holdings in Verra Mobility by 13.9% during the third quarter. GAMMA Investing LLC now owns 4,703 shares of the company’s stock worth $116,000 after acquiring an additional 575 shares during the period.

Analysts Set New Price Targets

A number of equities research analysts have commented on VRRM shares. UBS Group raised their target price on Verra Mobility from $29.00 to $31.00 and gave the company a “buy” rating in a report on Thursday, October 30th. Wall Street Zen upgraded shares of Verra Mobility from a “buy” rating to a “strong-buy” rating in a research note on Saturday, December 20th. Weiss Ratings reissued a “hold (c)” rating on shares of Verra Mobility in a report on Monday, December 29th. Finally, JPMorgan Chase & Co. assumed coverage on shares of Verra Mobility in a report on Monday, January 26th. They issued a “neutral” rating and a $25.00 target price for the company. Two analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, Verra Mobility has an average rating of “Hold” and an average target price of $27.25.

Verra Mobility Trading Up 2.7%

NASDAQ:VRRM opened at $18.94 on Friday. Verra Mobility Corp has a 52-week low of $17.08 and a 52-week high of $26.47. 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 fifty day simple moving average of $20.98 and a 200-day simple moving average of $22.71. The company has a market capitalization of $3.02 billion, a PE ratio of 59.19, a price-to-earnings-growth ratio of 2.99 and a beta of 0.59.

Verra Mobility 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.