Verra Mobility (NASDAQ:VRRM – Free Report) had its price target boosted by Morgan Stanley from $22.00 to $27.00 in a research report sent to investors on Tuesday morning, Benzinga reports. They currently have an equal weight rating on the stock.
Verra Mobility Stock Up 1.3 %
Shares of VRRM opened at $27.66 on Tuesday. The company’s 50-day moving average price is $27.97 and its 200 day moving average price is $25.50. Verra Mobility has a 12-month low of $17.04 and a 12-month high of $31.03. The company has a current ratio of 2.75, a quick ratio of 2.64 and a debt-to-equity ratio of 2.31. The firm has a market cap of $4.61 billion, a P/E ratio of 55.32, a price-to-earnings-growth ratio of 2.03 and a beta of 1.27.
Insider Activity
In related news, Director Michael P. Huerta sold 8,690 shares of the company’s stock in a transaction that occurred on Wednesday, May 29th. The shares were sold at an average price of $26.50, for a total transaction of $230,285.00. Following the sale, the director now directly owns 18,025 shares of the company’s stock, valued at approximately $477,662.50. The sale was disclosed in a legal filing with the SEC, which is available through this link. In other news, Director Michael P. Huerta sold 8,690 shares of the business’s stock in a transaction dated Wednesday, May 29th. The stock was sold at an average price of $26.50, for a total transaction of $230,285.00. Following the completion of the transaction, the director now directly owns 18,025 shares of the company’s stock, valued at $477,662.50. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, EVP Jonathan Baldwin sold 9,758 shares of the business’s stock in a transaction that occurred on Thursday, June 13th. The stock was sold at an average price of $26.14, for a total transaction of $255,074.12. Following the transaction, the executive vice president now owns 7,673 shares of the company’s stock, valued at approximately $200,572.22. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 27,993 shares of company stock valued at $736,974. 0.96% of the stock is currently owned by corporate insiders.
Institutional Inflows and Outflows
About Verra Mobility
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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