Verra Mobility (NASDAQ:VRRM) Shares Gap Up to $15.08

Verra Mobility Co. (NASDAQ:VRRMGet Rating) gapped up prior to trading on Monday . The stock had previously closed at $15.08, but opened at $15.69. Verra Mobility shares last traded at $15.43, with a volume of 5,848 shares changing hands.

Wall Street Analyst Weigh In

A number of equities research analysts recently commented on the company. Credit Suisse Group dropped their price objective on Verra Mobility from $19.00 to $18.00 and set an “outperform” rating for the company in a report on Tuesday, November 8th. TheStreet upgraded Verra Mobility from a “c+” rating to a “b” rating in a report on Tuesday, August 16th. Finally, Morgan Stanley dropped their price objective on Verra Mobility from $17.00 to $16.00 and set an “equal weight” rating for the company in a report on Thursday, November 3rd. Three investment analysts have rated the stock with a hold rating and one has assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price of $17.75.

Verra Mobility Stock Up 0.4 %

The firm has a fifty day simple moving average of $15.75 and a 200-day simple moving average of $15.89. The company has a market capitalization of $2.35 billion, a P/E ratio of 32.71 and a beta of 1.18. The company has a quick ratio of 1.86, a current ratio of 1.97 and a debt-to-equity ratio of 6.18.

Institutional Investors Weigh In On Verra Mobility

Several large investors have recently modified their holdings of the business. US Bancorp DE grew its holdings in shares of Verra Mobility by 202.4% during the second quarter. US Bancorp DE now owns 1,648 shares of the company’s stock worth $26,000 after buying an additional 1,103 shares in the last quarter. Point72 Hong Kong Ltd bought a new position in shares of Verra Mobility during the third quarter worth about $27,000. Signaturefd LLC grew its holdings in shares of Verra Mobility by 68.0% during the third quarter. Signaturefd LLC now owns 2,174 shares of the company’s stock worth $33,000 after buying an additional 880 shares in the last quarter. Ronald Blue Trust Inc. bought a new position in shares of Verra Mobility during the second quarter worth about $38,000. Finally, MCF Advisors LLC bought a new position in shares of Verra Mobility during the third quarter worth about $39,000.

Verra Mobility Company Profile

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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 Government Solutions segment offers automated safety solutions, including services and technologies that enable photo enforcement through road safety camera programs, which detects and process traffic violations related to red light, speed, school bus, and city bus lanes.

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