Verra Mobility Co. (NASDAQ:VRRM) Short Interest Down 14.1% in December

Verra Mobility Co. (NASDAQ:VRRM - Get Free Report) saw a significant decline in short interest in 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 daily volume of 1,180,000 shares, the days-to-cover ratio is currently 4.0 days.

Verra Mobility Price Performance

Shares of Verra Mobility stock traded up $0.05 on Thursday, hitting $25.23. 829,737 shares of the company were exchanged, compared to its average volume of 783,844. The company has a 50-day moving average price of $23.84 and a 200 day moving average price of $26.26. Verra Mobility has a 1-year low of $20.26 and a 1-year high of $31.03. The company has a quick ratio of 2.52, a current ratio of 2.61 and a debt-to-equity ratio of 2.13. The stock has a market capitalization of $4.16 billion, a price-to-earnings ratio of 42.05, a price-to-earnings-growth ratio of 2.05 and a beta of 1.23.

Verra Mobility (NASDAQ:VRRM - Get Free Report) last released its quarterly earnings data on Thursday, October 31st. The company reported $0.32 EPS for the quarter, meeting analysts' consensus estimates of $0.32. The business had revenue of $225.55 million for the quarter, compared to the consensus estimate of $226.65 million. Verra Mobility had a return on equity of 38.97% and a net margin of 11.64%. The business's revenue for the quarter was up 7.4% on a year-over-year basis. During the same quarter in the prior year, the business posted $0.27 EPS. As a group, sell-side analysts predict that Verra Mobility will post 1.08 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently modified their holdings of the stock. ZWJ Investment Counsel Inc. purchased a new stake in shares of Verra Mobility during the fourth quarter valued at approximately $213,000. Avanza Fonder AB bought a new position in shares of Verra Mobility in the fourth quarter worth $74,000. Redhawk Wealth Advisors Inc. increased its stake in shares of Verra Mobility by 5.7% during the fourth quarter. Redhawk Wealth Advisors Inc. now owns 70,931 shares of the company's stock valued at $1,715,000 after acquiring an additional 3,819 shares during the period. Tealwood Asset Management Inc. raised its position in Verra Mobility by 1.4% in the fourth quarter. Tealwood Asset Management Inc. now owns 44,230 shares of the company's stock worth $1,069,000 after acquiring an additional 592 shares in the last quarter. Finally, Harbor Capital Advisors Inc. raised its position in shares of Verra Mobility by 1.7% during the fourth quarter. Harbor Capital Advisors Inc. now owns 615,905 shares of the company's stock worth $14,893,000 after purchasing an additional 10,054 shares during the period.

Analysts Set New Price Targets

A number of research firms recently issued reports on VRRM. Deutsche Bank Aktiengesellschaft decreased their price target on shares of Verra Mobility from $31.00 to $29.00 and set a "buy" rating for the company in a research note on Friday, November 1st. Morgan Stanley cut their price objective 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. Finally, Robert W. Baird lowered their price objective 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.

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.