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

Verra Mobility Co. (NASDAQ:VRRM) was the target of a large increase in short interest in 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 trading volume of 1,150,000 shares, the days-to-cover ratio is presently 4.7 days.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the stock. Bank of New York Mellon Corp boosted its stake in shares of Verra Mobility by 9.2% during the 2nd quarter. Bank of New York Mellon Corp now owns 1,233,141 shares of the company’s stock worth $33,541,000 after acquiring an additional 104,267 shares in the last quarter. Crossmark Global Holdings Inc. boosted its position 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 in the last quarter. Sage Rhino Capital LLC grew its holdings in Verra Mobility by 3.3% in the second quarter. Sage Rhino Capital LLC now owns 24,548 shares of the company’s stock valued at $668,000 after purchasing an additional 793 shares during the last quarter. Equitable Trust Co. increased its position in shares of Verra Mobility by 73.3% in the second quarter. Equitable Trust Co. now owns 470,135 shares of the company’s stock valued at $12,788,000 after buying an additional 198,777 shares in the last quarter. Finally, Natixis Advisors LLC raised its stake in shares of Verra Mobility by 9.1% during the 2nd quarter. Natixis Advisors LLC now owns 11,774 shares of the company’s stock worth $320,000 after buying an additional 983 shares during the last quarter.

Verra Mobility Stock Up 0.7 %

Verra Mobility stock opened at $24.07 on Friday. 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 stock has a market capitalization of $3.97 billion, a price-to-earnings ratio of 40.12, a PEG ratio of 2.12 and a beta of 1.23. The stock has a 50 day moving average of $24.13 and a two-hundred day moving average of $26.48. Verra Mobility has a twelve month low of $20.26 and a twelve month high of $31.03.

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

Analyst Ratings Changes

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

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.