Verra Mobility (NASDAQ:VRRM - Get Free Report) had its price target lowered by Morgan Stanley from $25.00 to $23.00 in a note issued to investors on Thursday,Benzinga reports. The firm presently has an "equal weight" rating on the stock. Morgan Stanley's price target would indicate a potential upside of 2.18% from the company's current price.
Verra Mobility Stock Performance
Verra Mobility stock traded up $2.32 during midday trading on Thursday, hitting $22.51. The stock had a trading volume of 3,814,553 shares, compared to its average volume of 1,119,428. 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 52-week low of $19.51 and a 52-week high of $31.03. The company has a market capitalization of $3.59 billion, a PE ratio of 37.52, a P/E/G ratio of 2.18 and a beta of 1.30. The firm's fifty day moving average is $24.03 and its two-hundred day moving average is $24.74.
Institutional Inflows and Outflows
Several large investors have recently modified their holdings of the company. Smartleaf Asset Management LLC grew its holdings in Verra Mobility by 245.1% in the fourth quarter. Smartleaf Asset Management LLC now owns 2,309 shares of the company's stock worth $56,000 after purchasing an additional 1,640 shares during the last quarter. Avanza Fonder AB purchased a new position in Verra Mobility during the 4th quarter worth $74,000. Aster Capital Management DIFC Ltd increased its position in Verra Mobility by 585.1% during the 4th quarter. Aster Capital Management DIFC Ltd now owns 4,720 shares of the company's stock valued at $114,000 after buying an additional 4,031 shares in the last quarter. Arcadia Investment Management Corp MI purchased a new stake in Verra Mobility in the fourth quarter valued at about $129,000. Finally, 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 worth $154,000 after acquiring an additional 409 shares in the last quarter.
About Verra Mobility
(
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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 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.
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