Verra Mobility Co. (NASDAQ:VRRM - Get Free Report) was up 12.6% during mid-day trading on Monday . The stock traded as high as $22.83 and last traded at $22.74. Approximately 2,146,305 shares were traded during mid-day trading, an increase of 93% from the average daily volume of 1,114,054 shares. The stock had previously closed at $20.19.
Wall Street Analyst Weigh In
Separately, Morgan Stanley cut their price objective 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.
View Our Latest Analysis on VRRM
Verra Mobility Stock Performance
The company has a debt-to-equity ratio of 2.13, a quick ratio of 2.52 and a current ratio of 2.61. The company has a market capitalization of $3.57 billion, a P/E ratio of 37.32, a price-to-earnings-growth ratio of 2.18 and a beta of 0.91. The firm has a 50 day moving average price of $23.71 and a two-hundred day moving average price of $24.63.
Institutional Inflows and Outflows
A number of hedge funds and other institutional investors have recently made changes to their positions in VRRM. Smartleaf Asset Management LLC lifted its holdings in Verra Mobility by 245.1% during the 4th quarter. Smartleaf Asset Management LLC now owns 2,309 shares of the company's stock valued at $56,000 after purchasing an additional 1,640 shares during the last quarter. Avanza Fonder AB acquired a new position in shares of Verra Mobility in the 4th quarter worth approximately $74,000. Aster Capital Management DIFC Ltd grew 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 worth $114,000 after acquiring an additional 4,031 shares during the last quarter. Arcadia Investment Management Corp MI bought a new position in Verra Mobility in the 4th quarter valued at $129,000. Finally, PNC Financial Services Group Inc. boosted its stake 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 purchasing an additional 409 shares in the last quarter.
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 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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