Verra Mobility (NASDAQ:VRRM) Upgraded at Robert W. Baird

Verra Mobility (NASDAQ:VRRM) was upgraded by stock analysts at Robert W. Baird from a “neutral” rating to an “outperform” rating in a research note issued to investors on Tuesday, Marketbeat reports. The brokerage currently has a $27.00 price objective on the stock. Robert W. Baird’s price target indicates a potential upside of 28.63% from the company’s current price.

Separately, Morgan Stanley dropped their target price on shares of Verra Mobility from $25.00 to $23.00 and set an “equal weight” rating for the company in a research report on Thursday, March 27th.

Verra Mobility Price Performance

Shares of Verra Mobility stock opened at $20.99 on Tuesday. The stock has a market capitalization of $3.35 billion, a price-to-earnings ratio of 34.98, a price-to-earnings-growth ratio of 2.18 and a beta of 0.91. Verra Mobility has a twelve month low of $19.51 and a twelve month high of $31.03. The company has a quick ratio of 2.52, a current ratio of 2.61 and a debt-to-equity ratio of 2.13. The company has a 50-day simple moving average of $22.49 and a two-hundred day simple moving average of $24.07.

Hedge Funds Weigh In On Verra Mobility

A number of institutional investors and hedge funds have recently bought and sold shares of VRRM. PNC Financial Services Group Inc. boosted its holdings in Verra Mobility by 6.8% in the fourth quarter. PNC Financial Services Group Inc. now owns 6,381 shares of the company’s stock valued at $154,000 after acquiring an additional 409 shares during the last quarter. Mitsubishi UFJ Trust & Banking Corp increased its stake in Verra Mobility by 2.5% in the fourth quarter. Mitsubishi UFJ Trust & Banking Corp now owns 18,308 shares of the company’s stock valued at $443,000 after purchasing an additional 448 shares in the last quarter. Tealwood Asset Management Inc. raised its stake in Verra Mobility by 1.4% during the 4th quarter. Tealwood Asset Management Inc. now owns 44,230 shares of the company’s stock worth $1,069,000 after buying an additional 592 shares during the period. Exchange Traded Concepts LLC raised its position in shares of Verra Mobility by 2.6% during the fourth quarter. Exchange Traded Concepts LLC now owns 28,645 shares of the company’s stock worth $693,000 after purchasing an additional 725 shares during the period. Finally, Xponance Inc. lifted its position in Verra Mobility by 9.5% in the 4th quarter. Xponance Inc. now owns 11,865 shares of the company’s stock valued at $287,000 after acquiring an additional 1,025 shares in 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.