Short Interest in Verra Mobility Co. (NASDAQ:VRRM) Decreases By 14.1%

Verra Mobility Co. (NASDAQ:VRRM) was the recipient of a large decrease in short interest in January. As of January 15th, there was short interest totalling 4,680,000 shares, a decrease of 14.1% from the December 31st total of 5,450,000 shares. Based on an average daily volume of 1,180,000 shares, the short-interest ratio is currently 4.0 days.

Hedge Funds Weigh In On Verra Mobility

Institutional investors have recently added to or reduced their stakes in the company. New York State Teachers Retirement System raised its stake in Verra Mobility by 24.9% in the fourth quarter. New York State Teachers Retirement System now owns 78,842 shares of the company’s stock valued at $1,906,000 after buying an additional 15,719 shares during the period. DAVENPORT & Co LLC raised its stake in Verra Mobility by 17.9% in the 4th quarter. DAVENPORT & Co LLC now owns 1,603,342 shares of the company’s stock valued at $38,641,000 after acquiring an additional 243,723 shares during the period. Ausbil Investment Management Ltd acquired a new stake in Verra Mobility during the 4th quarter valued at $223,000. KBC Group NV boosted its position in Verra Mobility by 61.9% during the fourth quarter. KBC Group NV now owns 7,090 shares of the company’s stock worth $171,000 after purchasing an additional 2,710 shares during the period. Finally, Union Bancaire Privee UBP SA acquired a new position in shares of Verra Mobility in the fourth quarter valued at $2,348,000.

Analyst Ratings Changes

A number of brokerages have recently commented on VRRM. Deutsche Bank Aktiengesellschaft cut their price target on Verra Mobility from $31.00 to $29.00 and set a “buy” rating on the stock in a report on Friday, November 1st. Morgan Stanley reduced their price target 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 shares of Verra Mobility from $29.00 to $28.00 and set a “neutral” rating on the stock in a report on Friday, November 1st.

Verra Mobility Price Performance

NASDAQ:VRRM opened at $26.73 on Friday. Verra Mobility has a 52-week low of $20.26 and a 52-week high of $31.03. The company has a market cap of $4.41 billion, a P/E ratio of 44.55, a P/E/G ratio of 2.21 and a beta of 1.23. 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’s 50-day simple moving average is $24.49 and its 200 day simple moving average is $26.16.

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

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.