Verra Mobility (VRRM) Sees Strong Trading Volume

Verra Mobility Corp (NASDAQ:VRRM) saw unusually-strong trading volume on Monday . Approximately 3,835 shares were traded during mid-day trading, a decline of 100% from the previous session’s volume of 810,206 shares.The stock last traded at $13.41 and had previously closed at $13.66.

Several equities research analysts recently commented on VRRM shares. BTIG Research started coverage on shares of Verra Mobility in a research report on Wednesday, March 27th. They issued a “buy” rating and a $15.00 price objective on the stock. ValuEngine upgraded shares of Verra Mobility from a “hold” rating to a “buy” rating in a research report on Thursday, April 11th. Finally, William Blair started coverage on shares of Verra Mobility in a research report on Wednesday, April 24th. They issued an “outperform” rating and a $13.08 price objective on the stock.

The company has a debt-to-equity ratio of 2.85, a quick ratio of 2.69 and a current ratio of 2.69. The stock has a market capitalization of $2.13 billion, a P/E ratio of -20.13 and a beta of 0.61.

Several institutional investors have recently added to or reduced their stakes in VRRM. United Services Automobile Association purchased a new stake in shares of Verra Mobility in the 4th quarter worth about $112,000. Her Majesty the Queen in Right of the Province of Alberta as represented by Alberta Investment Management Corp purchased a new position in Verra Mobility in the 4th quarter valued at about $440,000. Highbridge Capital Management LLC purchased a new position in Verra Mobility in the 4th quarter valued at about $488,000. Bank of New York Mellon Corp purchased a new position in Verra Mobility in the 4th quarter valued at about $575,000. Finally, Brown Advisory Inc. purchased a new position in Verra Mobility in the 4th quarter valued at about $1,127,000. Institutional investors and hedge funds own 35.51% of the company’s stock.

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Verra Mobility Company Profile (NASDAQ:VRRM)

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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