Verra Mobility Co. (NASDAQ:VRRM) Short Interest Down 41.5% in November

Verra Mobility Co. (NASDAQ:VRRM) was the recipient of 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 trading volume, of 1,160,000 shares, the days-to-cover ratio is presently 1.3 days.

Verra Mobility Price Performance

VRRM opened at $23.66 on Friday. The firm has a market capitalization of $3.90 billion, a PE ratio of 39.43, a price-to-earnings-growth ratio of 2.10 and a beta of 1.27. The business’s 50-day moving average is $25.58 and its two-hundred day moving average is $26.91. Verra Mobility has a 1 year low of $19.94 and a 1 year high of $31.03. The company has a debt-to-equity ratio of 2.13, a current ratio of 2.61 and a quick ratio of 2.52.

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

Hedge Funds Weigh In On Verra Mobility

Several hedge funds have recently modified their holdings of the stock. Franklin Resources Inc. grew its position in Verra Mobility by 13.7% during the 3rd quarter. Franklin Resources Inc. now owns 1,814,342 shares of the company’s stock worth $48,987,000 after purchasing an additional 219,071 shares during the last quarter. Teachers Retirement System of The State of Kentucky grew its holdings in shares of Verra Mobility by 1.7% during the third quarter. Teachers Retirement System of The State of Kentucky now owns 167,923 shares of the company’s stock valued at $4,670,000 after buying an additional 2,797 shares during the last quarter. Geode Capital Management LLC increased its position in shares of Verra Mobility by 0.5% in the 3rd quarter. Geode Capital Management LLC now owns 3,904,750 shares of the company’s stock valued at $108,612,000 after acquiring an additional 17,688 shares during the period. Barclays PLC raised its stake in Verra Mobility by 400.2% in the 3rd quarter. Barclays PLC now owns 294,457 shares of the company’s stock worth $8,189,000 after acquiring an additional 235,589 shares during the last quarter. Finally, Public Employees Retirement System of Ohio lifted its position in Verra Mobility by 6.9% during the 3rd quarter. Public Employees Retirement System of Ohio now owns 229,852 shares of the company’s stock worth $6,392,000 after acquiring an additional 14,868 shares during the period.

Analyst Upgrades and Downgrades

Several research analysts recently commented on the company. Deutsche Bank Aktiengesellschaft dropped their price target on Verra Mobility from $31.00 to $29.00 and set a “buy” rating for the company in a research report on Friday, November 1st. Morgan Stanley cut 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 report on Wednesday, October 30th. Finally, 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 report on Friday, November 1st.

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.