Short Interest in Verra Mobility Co. (NASDAQ:VRRM) Drops By 14.1%

Verra Mobility Co. (NASDAQ:VRRM) was the target of a large decrease in short interest in December. As of December 31st, there was short interest totalling 4,680,000 shares, a decrease of 14.1% from the December 15th total of 5,450,000 shares. Based on an average daily trading volume, of 1,180,000 shares, the short-interest ratio is currently 4.0 days.

Verra Mobility Stock Up 0.2 %

Shares of NASDAQ:VRRM opened at $25.23 on Friday. The stock has a market cap of $4.16 billion, a P/E ratio of 42.05, a P/E/G ratio of 2.05 and a beta of 1.23. The firm has a fifty day moving average price of $23.88 and a 200 day moving average price of $26.26. The company has a debt-to-equity ratio of 2.13, a current ratio of 2.61 and a quick ratio of 2.52. Verra Mobility has a 1-year low of $20.26 and a 1-year high of $31.03.

Verra Mobility (NASDAQ:VRRM) last released its earnings results on Thursday, October 31st. The company reported $0.32 EPS for the quarter, hitting the consensus estimate of $0.32. Verra Mobility had a net margin of 11.64% and a return on equity of 38.97%. The company had revenue of $225.55 million during the quarter, compared to analysts’ expectations of $226.65 million. During the same quarter last year, the business earned $0.27 EPS. The business’s revenue was up 7.4% on a year-over-year basis. Sell-side analysts predict that Verra Mobility will post 1.08 EPS for the current year.

Institutional Trading of Verra Mobility

Hedge funds have recently made changes to their positions in the company. Quest Partners LLC lifted its stake in shares of Verra Mobility by 1,732.7% in the 2nd quarter. Quest Partners LLC now owns 1,008 shares of the company’s stock worth $27,000 after acquiring an additional 953 shares during the period. Signaturefd LLC lifted its stake in shares of Verra Mobility by 112.4% in the 3rd quarter. Signaturefd LLC now owns 1,060 shares of the company’s stock worth $29,000 after acquiring an additional 561 shares during the period. First Horizon Advisors Inc. lifted its stake in shares of Verra Mobility by 192.0% in the 3rd quarter. First Horizon Advisors Inc. now owns 1,133 shares of the company’s stock worth $32,000 after acquiring an additional 745 shares during the period. Avanza Fonder AB acquired a new stake in shares of Verra Mobility in the 4th quarter worth $74,000. Finally, Blue Trust Inc. lifted its stake in shares of Verra Mobility by 27.5% in the 3rd quarter. Blue Trust Inc. now owns 3,219 shares of the company’s stock worth $88,000 after acquiring an additional 694 shares during the period.

Analyst Ratings Changes

Several research analysts have recently issued reports on the stock. Robert W. Baird lowered their target price on shares of Verra Mobility from $29.00 to $28.00 and set a “neutral” rating for the company in a report on Friday, November 1st. Deutsche Bank Aktiengesellschaft decreased their price target on shares of Verra Mobility from $31.00 to $29.00 and set a “buy” rating for the company in a research note on Friday, November 1st. Finally, Morgan Stanley decreased their price target on shares of Verra Mobility from $26.00 to $25.00 and set an “equal weight” rating for the company in a research note on Wednesday, October 30th.

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.