Verra Mobility Co. (NASDAQ:VRRM) Short Interest Update

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

Analyst Ratings Changes

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

Verra Mobility Stock Down 1.3 %

Verra Mobility stock traded down $0.34 during midday trading on Friday, reaching $26.39. The stock had a trading volume of 949,148 shares, compared to its average volume of 779,964. The company has a fifty day moving average price of $24.55 and a two-hundred day moving average price of $26.13. The company has a market capitalization of $4.35 billion, a P/E ratio of 43.98, a PEG ratio of 2.21 and a beta of 1.23. The company has a current ratio of 2.61, a quick ratio of 2.52 and a debt-to-equity ratio of 2.13. Verra Mobility has a 12 month low of $20.26 and a 12 month high of $31.03.

Verra Mobility (NASDAQ:VRRM) last issued its quarterly earnings data on Thursday, October 31st. The company reported $0.32 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.32. Verra Mobility had a net margin of 11.64% and a return on equity of 38.97%. The firm had revenue of $225.55 million during the quarter, compared to analysts’ expectations of $226.65 million. During the same period last year, the company earned $0.27 earnings per share. The business’s revenue was up 7.4% on a year-over-year basis. As a group, equities analysts expect that Verra Mobility will post 1.08 EPS for the current fiscal year.

Institutional Trading of Verra Mobility

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Signaturefd LLC boosted its position in shares of Verra Mobility by 112.4% during the third quarter. Signaturefd LLC now owns 1,060 shares of the company’s stock valued at $29,000 after buying an additional 561 shares during the last quarter. First Horizon Advisors Inc. grew 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 in the last quarter. Avanza Fonder AB purchased a new stake in shares of Verra Mobility in the fourth quarter valued at about $74,000. Blue Trust Inc. lifted its position in shares of Verra Mobility by 27.5% during the third quarter. Blue Trust Inc. now owns 3,219 shares of the company’s stock valued at $88,000 after purchasing an additional 694 shares in the last quarter. Finally, US Bancorp DE boosted its holdings in Verra Mobility by 10.3% during the third quarter. US Bancorp DE now owns 4,478 shares of the company’s stock worth $125,000 after purchasing an additional 418 shares during the last quarter.

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.