Robert W. Baird Upgrades Verra Mobility (NASDAQ:VRRM) to "Outperform"

Robert W. Baird upgraded shares of Verra Mobility (NASDAQ:VRRM - Free Report) from a neutral rating to an outperform rating in a research report released on Tuesday, Marketbeat reports. They currently have $27.00 price target on the stock.

Separately, Morgan Stanley lowered their price target on shares of Verra Mobility from $25.00 to $23.00 and set an "equal weight" rating on the stock in a research note on Thursday, March 27th.

Verra Mobility Price Performance

Shares of VRRM traded down $0.18 during mid-day trading on Tuesday, hitting $21.91. The company's stock had a trading volume of 1,474,670 shares, compared to its average volume of 1,164,461. The company has a current ratio of 2.61, a quick ratio of 2.52 and a debt-to-equity ratio of 2.13. Verra Mobility has a 1-year low of $19.51 and a 1-year high of $31.03. The firm has a market capitalization of $3.50 billion, a P/E ratio of 36.52, a P/E/G ratio of 2.18 and a beta of 0.91. The firm has a 50-day simple moving average of $22.13 and a 200 day simple moving average of $23.95.

Hedge Funds Weigh In On Verra Mobility

Hedge funds have recently bought and sold shares of the company. Vanguard Group Inc. grew its holdings in Verra Mobility by 0.9% in the fourth quarter. Vanguard Group Inc. now owns 17,612,101 shares of the company's stock valued at $425,861,000 after purchasing an additional 159,348 shares during the last quarter. Price T Rowe Associates Inc. MD boosted its position in shares of Verra Mobility by 10.1% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 9,111,775 shares of the company's stock worth $220,323,000 after buying an additional 837,648 shares in the last quarter. JPMorgan Chase & Co. grew its stake in Verra Mobility by 0.6% in the 3rd quarter. JPMorgan Chase & Co. now owns 6,463,246 shares of the company's stock valued at $179,743,000 after acquiring an additional 36,585 shares during the last quarter. Westwood Holdings Group Inc. increased its holdings in Verra Mobility by 28.7% during the 4th quarter. Westwood Holdings Group Inc. now owns 4,460,793 shares of the company's stock valued at $107,862,000 after acquiring an additional 994,775 shares in the last quarter. Finally, Handelsbanken Fonder AB raised its position in Verra Mobility by 5.0% during the fourth quarter. Handelsbanken Fonder AB now owns 4,215,800 shares of the company's stock worth $101,938,000 after acquiring an additional 200,000 shares during the last quarter.

Verra Mobility Company Profile

Verra Mobility Corporation provides smart mobility technology solutions and services in the United States, Australia, Canada, and Europe. It operates through three segments: Commercial Services, Government Solutions, and Parking Solutions. The Commercial Services segment provides automated toll and violations management, and title and registration services to rental car companies, fleet management companies, and other large fleet owners.