BidaskClub upgraded shares of Verra Mobility (NASDAQ:VRRM) from a sell rating to a hold rating in a report published on Tuesday, BidAskClub reports.

A number of other research analysts have also weighed in on VRRM. BTIG Research reissued a buy rating and set a $13.00 price target on shares of Verra Mobility in a research report on Tuesday, May 26th. Northcoast Research began coverage on shares of Verra Mobility in a research report on Friday, June 12th. They set a buy rating and a $14.00 target price on the stock. Zacks Investment Research raised Verra Mobility from a hold rating to a buy rating and set a $11.00 target price for the company in a report on Friday, July 17th. Morgan Stanley increased their price target on Verra Mobility from $13.50 to $14.00 and gave the company an overweight rating in a research report on Tuesday, May 12th. Finally, Credit Suisse Group cut their price objective on Verra Mobility from $17.00 to $10.50 and set an outperform rating on the stock in a research report on Wednesday, April 29th. Two investment analysts have rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. The company has a consensus rating of Buy and a consensus target price of $12.93.

Shares of Verra Mobility stock opened at $11.28 on Tuesday. Verra Mobility has a 52 week low of $5.63 and a 52 week high of $17.20. The company has a quick ratio of 3.69, a current ratio of 3.69 and a debt-to-equity ratio of 2.51. The business has a 50 day moving average price of $10.53 and a 200-day moving average price of $10.90. The company has a market cap of $1.86 billion, a PE ratio of 102.55 and a beta of 1.48.

Verra Mobility (NASDAQ:VRRM) last announced its quarterly earnings results on Monday, May 11th. The company reported $0.04 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.11 by ($0.07). Verra Mobility had a return on equity of 26.72% and a net margin of 4.17%. The company had revenue of $116.71 million for the quarter, compared to the consensus estimate of $100.64 million. As a group, research analysts anticipate that Verra Mobility will post 0.32 EPS for the current year.

A number of institutional investors have recently bought and sold shares of the stock. Bank of New York Mellon Corp grew its holdings in Verra Mobility by 11.5% during the fourth quarter. Bank of New York Mellon Corp now owns 473,029 shares of the company’s stock valued at $6,618,000 after purchasing an additional 48,829 shares during the period. Alliancebernstein L.P. lifted its position in shares of Verra Mobility by 28.1% during the 4th quarter. Alliancebernstein L.P. now owns 158,810 shares of the company’s stock valued at $2,222,000 after buying an additional 34,830 shares during the last quarter. Geode Capital Management LLC grew its stake in shares of Verra Mobility by 13.4% during the 4th quarter. Geode Capital Management LLC now owns 1,657,815 shares of the company’s stock worth $23,192,000 after acquiring an additional 196,170 shares during the period. Nuveen Asset Management LLC increased its holdings in Verra Mobility by 5.2% in the 4th quarter. Nuveen Asset Management LLC now owns 1,043,928 shares of the company’s stock worth $14,604,000 after acquiring an additional 51,719 shares during the last quarter. Finally, Macquarie Group Ltd. raised its stake in Verra Mobility by 4.6% in the 4th quarter. Macquarie Group Ltd. now owns 133,662 shares of the company’s stock valued at $1,870,000 after acquiring an additional 5,866 shares during the period. Institutional investors and hedge funds own 91.18% of the company’s stock.

About Verra Mobility

Verra Mobility Corporation provides smart mobility technology solutions and services in the United States, Canada, and Europe. It operates through two segments, Government Solutions and Commercial Services. The Government Solutions segment offers automated safety solutions, including services and technologies that enable photo enforcement through road safety camera programs related to red light, speed, school bus, and city bus lanes.

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Analyst Recommendations for Verra Mobility (NASDAQ:VRRM)

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