Verra Mobility (NASDAQ:VRRM – Free Report) had its target price upped by Morgan Stanley from $22.00 to $27.00 in a report issued on Tuesday morning, Benzinga reports. Morgan Stanley currently has an equal weight rating on the stock.
Verra Mobility Stock Performance
Shares of Verra Mobility stock traded down $0.18 during trading hours on Tuesday, reaching $27.48. 1,917,884 shares of the stock traded hands, compared to its average volume of 1,089,453. Verra Mobility has a one year low of $17.04 and a one year high of $31.03. The firm has a market capitalization of $4.58 billion, a price-to-earnings ratio of 54.96, a P/E/G ratio of 2.03 and a beta of 1.27. The company has a quick ratio of 2.64, a current ratio of 2.75 and a debt-to-equity ratio of 2.31. The company has a 50 day moving average price of $27.99 and a 200 day moving average price of $25.53.
Insider Buying and Selling at Verra Mobility
In related news, Director Michael P. Huerta sold 8,690 shares of the firm’s stock in a transaction on Wednesday, May 29th. The stock was sold at an average price of $26.50, for a total value of $230,285.00. Following the transaction, 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 the SEC website. In other Verra Mobility news, Director Michael P. Huerta sold 8,690 shares of the firm’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 owns 18,025 shares in the company, valued at approximately $477,662.50. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director John H. Rexford sold 9,005 shares of the company’s stock in a transaction that occurred on Wednesday, June 12th. The stock was sold at an average price of $26.37, for a total transaction of $237,461.85. Following the completion of the transaction, the director now owns 41,275 shares of the company’s stock, valued at $1,088,421.75. 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. Insiders own 0.96% of the company’s stock.
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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