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

Verra Mobility Co. (NASDAQ:VRRM - Get Free Report) saw a large decrease in short interest in November. As of November 15th, there was short interest totalling 1,480,000 shares, a decrease of 41.5% from the October 31st total of 2,530,000 shares. Based on an average daily volume of 1,160,000 shares, the short-interest ratio is currently 1.3 days.

Verra Mobility Trading Down 0.2 %

NASDAQ:VRRM traded down $0.04 during midday trading on Thursday, reaching $23.57. 771,028 shares of the stock traded hands, compared to its average volume of 1,097,253. The company has a fifty day moving average of $25.67 and a 200 day moving average of $26.93. Verra Mobility has a 12 month low of $19.67 and a 12 month high of $31.03. The company has a debt-to-equity ratio of 2.13, a quick ratio of 2.52 and a current ratio of 2.61. The stock has a market capitalization of $3.88 billion, a P/E ratio of 39.28, a PEG ratio of 2.14 and a beta of 1.27.

Verra Mobility (NASDAQ:VRRM - Get Free Report) last posted its quarterly earnings results on Thursday, October 31st. The company reported $0.32 EPS for the quarter, meeting analysts' consensus estimates of $0.32. Verra Mobility had a net margin of 11.64% and a return on equity of 38.97%. The company had revenue of $225.55 million during the quarter, compared to analyst estimates of $226.65 million. During the same period in the prior year, the business posted $0.27 EPS. The firm's revenue was up 7.4% compared to the same quarter last year. On average, research analysts predict that Verra Mobility will post 1.08 EPS for the current year.

Wall Street Analyst Weigh In

A number of equities research analysts have recently issued reports on the stock. Deutsche Bank Aktiengesellschaft cut their price objective 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. Robert W. Baird cut their price objective on shares of Verra Mobility from $29.00 to $28.00 and set a "neutral" rating for the company in a research note on Friday, November 1st. Finally, Morgan Stanley lowered 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 report on Wednesday, October 30th.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in the stock. Crossmark Global Holdings Inc. raised its holdings in Verra Mobility by 1.5% in the 2nd 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. US Bancorp DE raised its holdings in Verra Mobility by 10.3% in the 3rd quarter. US Bancorp DE now owns 4,478 shares of the company's stock worth $125,000 after purchasing an additional 418 shares in the last quarter. Signaturefd LLC raised its holdings in Verra Mobility by 112.4% in the 3rd quarter. Signaturefd LLC now owns 1,060 shares of the company's stock worth $29,000 after purchasing an additional 561 shares in the last quarter. RiverPark Advisors LLC raised its holdings in Verra Mobility by 3.5% in the 3rd quarter. RiverPark Advisors LLC now owns 19,217 shares of the company's stock worth $534,000 after purchasing an additional 642 shares in the last quarter. Finally, Blue Trust Inc. raised its holdings in Verra Mobility by 27.5% in the 3rd quarter. Blue Trust Inc. now owns 3,219 shares of the company's stock worth $88,000 after purchasing an additional 694 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.