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

Verra Mobility Co. (NASDAQ:VRRM) was the target of a large decline in short interest during the month of January. As of January 15th, there was short interest totalling 4,680,000 shares, a decline 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 presently 4.0 days.

Verra Mobility Trading Up 1.2 %

VRRM stock traded up $0.32 during midday trading on Thursday, hitting $26.71. The stock had a trading volume of 460,583 shares, compared to its average volume of 840,017. The company has a current ratio of 2.61, a quick ratio of 2.52 and a debt-to-equity ratio of 2.13. The firm has a market cap of $4.40 billion, a P/E ratio of 44.52, a price-to-earnings-growth ratio of 2.17 and a beta of 1.23. The business has a fifty day moving average price of $24.42 and a two-hundred day moving average price of $26.15. Verra Mobility has a 1-year low of $20.26 and a 1-year high of $31.03.

Verra Mobility (NASDAQ:VRRM) last announced its earnings results on Thursday, October 31st. The company reported $0.32 EPS for the quarter, meeting the consensus estimate of $0.32. Verra Mobility had a return on equity of 38.97% and a net margin of 11.64%. The company had revenue of $225.55 million for the quarter, compared to analyst estimates of $226.65 million. During the same quarter in the prior year, the company earned $0.27 EPS. The firm’s revenue for the quarter was up 7.4% compared to the same quarter last year. On average, sell-side analysts predict that Verra Mobility will post 1.08 earnings per share for the current fiscal year.

Analyst Ratings Changes

VRRM has been the topic of a number of recent research reports. Robert W. Baird cut their price target on Verra Mobility from $29.00 to $28.00 and set a “neutral” rating on the stock in a research note on Friday, November 1st. 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 report on Wednesday, October 30th. Finally, 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.

Institutional Trading of Verra Mobility

Large investors have recently modified their holdings of the stock. Wellington Management Group LLP boosted its stake in Verra Mobility by 13.2% during the third quarter. Wellington Management Group LLP now owns 8,065,795 shares of the company’s stock worth $224,310,000 after acquiring an additional 941,127 shares in the last quarter. JPMorgan Chase & Co. boosted its position in shares of Verra Mobility by 0.6% during the 3rd quarter. JPMorgan Chase & Co. now owns 6,463,246 shares of the company’s stock worth $179,743,000 after purchasing an additional 36,585 shares in the last quarter. State Street Corp grew its stake in shares of Verra Mobility by 6.0% in the 3rd quarter. State Street Corp now owns 6,301,131 shares of the company’s stock valued at $175,234,000 after buying an additional 357,078 shares during the period. Handelsbanken Fonder AB increased its position in Verra Mobility by 7.0% in the 3rd quarter. Handelsbanken Fonder AB now owns 4,015,800 shares of the company’s stock valued at $111,679,000 after buying an additional 261,500 shares in the last quarter. Finally, Geode Capital Management LLC boosted its holdings in Verra Mobility by 0.5% in the third quarter. Geode Capital Management LLC now owns 3,904,750 shares of the company’s stock worth $108,612,000 after acquiring an additional 17,688 shares in 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.