Verra Mobility (NASDAQ:VRRM) Upgraded at ValuEngine

Verra Mobility (NASDAQ:VRRM) was upgraded by stock analysts at ValuEngine from a “hold” rating to a “buy” rating in a note issued to investors on Thursday, April 11th, ValuEngine reports.

Separately, BTIG Research assumed coverage on Verra Mobility in a research report on Wednesday, March 27th. They set a “buy” rating and a $15.00 price target on the stock.

Shares of VRRM opened at $13.37 on Thursday. The stock has a market cap of $2.09 billion, a price-to-earnings ratio of -19.96 and a beta of 0.71. The company has a current ratio of 2.69, a quick ratio of 2.69 and a debt-to-equity ratio of 2.85. Verra Mobility has a 1 year low of $9.00 and a 1 year high of $14.11.

A number of institutional investors have recently made changes to their positions in VRRM. Fairview Capital Investment Management LLC acquired a new stake in Verra Mobility in the 4th quarter valued at approximately $269,966,000. FMR LLC acquired a new stake in Verra Mobility in the 4th quarter valued at approximately $72,333,000. TD Asset Management Inc. acquired a new stake in Verra Mobility in the 4th quarter valued at approximately $22,198,000. RK Capital Management LLC acquired a new stake in Verra Mobility in the 4th quarter valued at approximately $18,824,000. Finally, Jennison Associates LLC bought a new position in Verra Mobility in the fourth quarter valued at approximately $18,665,000. 35.51% of the stock is currently owned by institutional investors and hedge funds.

About Verra Mobility

Verra Mobility Corporation provides smart mobility technology solutions and services in the United States, Canada, and Europe. It operates through Government Solutions and Commercial Services segments. The company develops toll and violations management, title and registration, automated safety, and other data driven solutions.

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To view ValuEngine’s full report, visit ValuEngine’s official website.

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