Short Interest in Verra Mobility Co. (NASDAQ:VRRM) Grows By 226.3%

Verra Mobility Co. (NASDAQ:VRRM) was the target of a significant increase in short interest during the month of December. As of December 15th, there was short interest totalling 5,450,000 shares, an increase of 226.3% from the November 30th total of 1,670,000 shares. Based on an average daily trading volume, of 1,150,000 shares, the short-interest ratio is presently 4.7 days.

Analyst Ratings Changes

VRRM has been the topic of a number of recent research reports. Deutsche Bank Aktiengesellschaft reduced their price objective on shares of Verra Mobility from $31.00 to $29.00 and set a “buy” rating on the stock in a research note on Friday, November 1st. Robert W. Baird decreased their price objective on Verra Mobility from $29.00 to $28.00 and set a “neutral” rating for the company in a research note on Friday, November 1st. Finally, Morgan Stanley cut their target price on Verra Mobility from $26.00 to $25.00 and set an “equal weight” rating on the stock in a research note on Wednesday, October 30th.

Hedge Funds Weigh In On Verra Mobility

Several institutional investors and hedge funds have recently modified their holdings of the business. Quest Partners LLC lifted its stake in Verra Mobility by 1,732.7% in the second quarter. Quest Partners LLC now owns 1,008 shares of the company’s stock valued at $27,000 after buying an additional 953 shares in the last quarter. Signaturefd LLC raised its holdings in shares of Verra Mobility by 112.4% during the third 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 position in Verra Mobility by 192.0% in the 3rd quarter. First Horizon Advisors Inc. now owns 1,133 shares of the company’s stock valued at $32,000 after acquiring an additional 745 shares in the last quarter. Blue Trust Inc. boosted its stake in 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 purchasing an additional 694 shares during the period. Finally, US Bancorp DE increased its holdings in Verra Mobility by 10.3% during the 3rd quarter. US Bancorp DE now owns 4,478 shares of the company’s stock worth $125,000 after purchasing an additional 418 shares in the last quarter.

Verra Mobility Trading Up 0.1 %

VRRM opened at $24.10 on Friday. The firm’s fifty day moving average is $24.07 and its two-hundred day moving average is $26.47. The firm has a market cap of $3.97 billion, a PE ratio of 40.17, a price-to-earnings-growth ratio of 2.12 and a beta of 1.23. Verra Mobility has a twelve month low of $20.26 and a twelve month high of $31.03. The company has a debt-to-equity ratio of 2.13, a quick ratio of 2.52 and a current ratio of 2.61.

Verra Mobility (NASDAQ:VRRM) last issued its quarterly earnings data on Thursday, October 31st. The company reported $0.32 EPS for the quarter, hitting the consensus estimate of $0.32. Verra Mobility had a return on equity of 38.97% and a net margin of 11.64%. The business had revenue of $225.55 million for the quarter, compared to the consensus estimate of $226.65 million. During the same quarter last year, the business posted $0.27 EPS. The firm’s revenue was up 7.4% compared to the same quarter last year. Equities research analysts anticipate that Verra Mobility will post 1.08 EPS for the current year.

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.