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

Verra Mobility Co. (NASDAQ:VRRM - Get Free Report) was the recipient of a significant 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 currently 4.0 days.

Verra Mobility Stock Down 0.8 %

Shares of VRRM traded down $0.20 during mid-day trading on Monday, reaching $26.19. The company's stock had a trading volume of 878,974 shares, compared to its average volume of 860,818. The company's 50 day moving average is $24.59 and its 200 day moving average is $26.05. The company has a debt-to-equity ratio of 2.13, a current ratio of 2.61 and a quick ratio of 2.52. The stock has a market cap of $4.32 billion, a PE ratio of 43.65, a price-to-earnings-growth ratio of 2.21 and a beta of 1.23. Verra Mobility has a 12-month low of $20.26 and a 12-month high of $31.03.

Verra Mobility (NASDAQ:VRRM - Get Free Report) last announced its 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 business had revenue of $225.55 million for the quarter, compared to analysts' expectations of $226.65 million. During the same period in the previous year, the company posted $0.27 EPS. The company's quarterly revenue was up 7.4% on a year-over-year basis. Equities analysts anticipate that Verra Mobility will post 1.08 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of brokerages have weighed in on VRRM. Deutsche Bank Aktiengesellschaft decreased their price objective on Verra Mobility from $31.00 to $29.00 and set a "buy" rating on the stock in a report on Friday, November 1st. Robert W. Baird decreased 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. Finally, Morgan Stanley lowered their price target on shares of Verra Mobility from $26.00 to $25.00 and set an "equal weight" rating on the stock in a research report on Wednesday, October 30th.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently made changes to their positions in VRRM. Envestnet Asset Management Inc. grew its holdings in Verra Mobility by 15.4% during the second quarter. Envestnet Asset Management Inc. now owns 175,684 shares of the company's stock worth $4,779,000 after acquiring an additional 23,382 shares during the period. Hsbc Holdings PLC grew its stake in shares of Verra Mobility by 6.1% during the 2nd quarter. Hsbc Holdings PLC now owns 15,471 shares of the company's stock worth $422,000 after purchasing an additional 892 shares during the period. Xponance Inc. increased its holdings in shares of Verra Mobility by 26.6% in the 2nd quarter. Xponance Inc. now owns 10,535 shares of the company's stock valued at $287,000 after purchasing an additional 2,212 shares in the last quarter. AQR Capital Management LLC lifted its stake in shares of Verra Mobility by 10.7% in the second quarter. AQR Capital Management LLC now owns 27,341 shares of the company's stock valued at $744,000 after purchasing an additional 2,645 shares during the period. Finally, The Manufacturers Life Insurance Company boosted its holdings in Verra Mobility by 15.6% during the second quarter. The Manufacturers Life Insurance Company now owns 97,731 shares of the company's stock worth $2,658,000 after buying an additional 13,167 shares in the last quarter.

About Verra Mobility

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.