Verra Mobility (NASDAQ:VRRM) Trading 12.6% Higher – Still a Buy?

Verra Mobility Co. (NASDAQ:VRRM) was up 12.6% on Monday . The company traded as high as $22.83 and last traded at $22.74. Approximately 2,146,305 shares traded hands 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 Analysts Forecast Growth

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

Verra Mobility Stock Up 11.5 %

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 stock has a 50-day moving average of $24.03 and a two-hundred day moving average of $24.74. The company has a market cap of $3.59 billion, a P/E ratio of 37.52, a P/E/G ratio of 2.18 and a beta of 1.30.

Institutional Investors Weigh In On Verra Mobility

Institutional investors have recently bought and sold shares of the stock. JPMorgan Chase & Co. raised its stake in shares of Verra Mobility by 0.6% during the third quarter. JPMorgan Chase & Co. now owns 6,463,246 shares of the company’s stock valued at $179,743,000 after acquiring an additional 36,585 shares during the last quarter. Barclays PLC grew its position in shares of Verra Mobility by 400.2% in the 3rd quarter. Barclays PLC now owns 294,457 shares of the company’s stock worth $8,189,000 after buying an additional 235,589 shares during the last quarter. State Street Corp increased its stake in shares of Verra Mobility by 6.0% during the third quarter. State Street Corp now owns 6,301,131 shares of the company’s stock valued at $175,234,000 after buying an additional 357,078 shares during the period. Citigroup Inc. raised its holdings in shares of Verra Mobility by 73.0% during the third quarter. Citigroup Inc. now owns 222,910 shares of the company’s stock valued at $6,199,000 after acquiring an additional 94,073 shares in the last quarter. Finally, Stifel Financial Corp lifted its stake in Verra Mobility by 179.2% in the third quarter. Stifel Financial Corp now owns 57,186 shares of the company’s stock worth $1,590,000 after acquiring an additional 36,705 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.