Verra Mobility (NASDAQ:VRRM) Stock Rating Upgraded by Robert W. Baird

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

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 report on Thursday, March 27th.

Verra Mobility Trading Down 0.7 %

Shares of VRRM stock traded down $0.17 on Tuesday, hitting $21.93. 35,078 shares of the stock traded hands, compared to its average volume of 1,156,582. Verra Mobility has a twelve month low of $19.51 and a twelve month high of $31.03. The stock has a market capitalization of $3.50 billion, a PE ratio of 36.56, a PEG ratio of 2.18 and a beta of 0.91. The firm's 50-day moving average price is $22.23 and its two-hundred day moving average price is $24.01. The company has a debt-to-equity ratio of 2.13, a quick ratio of 2.52 and a current ratio of 2.61.

Institutional Trading of Verra Mobility

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

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.