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

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

Analysts Set New Price Targets

A number of equities analysts have weighed in on VRRM shares. Morgan Stanley reduced their price target on 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. Deutsche Bank Aktiengesellschaft reduced their target price on shares of Verra Mobility from $31.00 to $29.00 and set a “buy” rating for the company in a report on Friday, November 1st. Finally, Robert W. Baird lowered their price target on shares of Verra Mobility from $29.00 to $28.00 and set a “neutral” rating on the stock in a research note on Friday, November 1st.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of VRRM. Crossmark Global Holdings Inc. grew its holdings in Verra Mobility by 1.5% during the second quarter. Crossmark Global Holdings Inc. now owns 27,283 shares of the company’s stock worth $742,000 after purchasing an additional 391 shares during the period. US Bancorp DE lifted its position in shares of Verra Mobility by 10.3% in the third quarter. US Bancorp DE now owns 4,478 shares of the company’s stock valued at $125,000 after buying an additional 418 shares during the last quarter. Signaturefd LLC boosted its stake in shares of Verra Mobility by 112.4% during 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. RiverPark Advisors LLC increased its holdings in shares of Verra Mobility by 3.5% during the 3rd quarter. RiverPark Advisors LLC now owns 19,217 shares of the company’s stock worth $534,000 after acquiring an additional 642 shares during the last quarter. 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.

Verra Mobility Stock Up 0.1 %

VRRM stock opened at $24.10 on Friday. The company has a market cap of $3.97 billion, a price-to-earnings ratio of 40.17, a P/E/G 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 business has a 50 day moving average price of $24.07 and a two-hundred day moving average price of $26.47. 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 released its earnings results on Thursday, October 31st. The company reported $0.32 earnings per share for the quarter, meeting the consensus estimate of $0.32. Verra Mobility had a net margin of 11.64% and a return on equity of 38.97%. The business had revenue of $225.55 million during the quarter, compared to analysts’ expectations of $226.65 million. During the same period last year, the business earned $0.27 earnings per share. The firm’s revenue was up 7.4% on a year-over-year basis. Analysts anticipate that Verra Mobility will post 1.08 EPS 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.