Verra Mobility Co. (NASDAQ:VRRM) Sees Large Decline in Short Interest

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

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of VRRM. Quest Partners LLC grew its holdings in Verra Mobility by 1,732.7% during the second quarter. Quest Partners LLC now owns 1,008 shares of the company’s stock valued at $27,000 after purchasing an additional 953 shares during the period. Signaturefd LLC lifted its position in shares of Verra Mobility by 112.4% during the 3rd 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. lifted its position in shares of Verra Mobility by 192.0% during the 3rd quarter. First Horizon Advisors Inc. now owns 1,133 shares of the company’s stock valued at $32,000 after buying an additional 745 shares during the last quarter. Avanza Fonder AB bought a new position in shares of Verra Mobility during the 4th quarter worth $74,000. Finally, Blue Trust Inc. raised 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 valued at $88,000 after acquiring an additional 694 shares during the period.

Analysts Set New Price Targets

Several brokerages recently commented on VRRM. Robert W. Baird reduced their target price on Verra Mobility from $29.00 to $28.00 and set a “neutral” rating on the stock in a report on Friday, November 1st. 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. Finally, Morgan Stanley lowered their target price 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.

Verra Mobility Stock Up 1.0 %

VRRM traded up $0.25 during trading on Friday, hitting $25.48. 786,568 shares of the company’s stock were exchanged, compared to its average volume of 951,855. Verra Mobility has a fifty-two week low of $20.26 and a fifty-two week high of $31.03. The stock has a market cap of $4.20 billion, a P/E ratio of 42.47, a PEG ratio of 2.05 and a beta of 1.23. The business’s 50 day moving average is $23.92 and its two-hundred day moving average is $26.25. The company has a quick ratio of 2.52, a current ratio of 2.61 and a debt-to-equity ratio of 2.13.

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