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

Verra Mobility Co. (NASDAQ:VRRM - Get Free Report) saw a significant decrease in short interest in the month of May. As of May 15th, there was short interest totalling 2,310,000 shares, a decrease of 22.7% from the April 30th total of 2,990,000 shares. Based on an average trading volume of 1,370,000 shares, the days-to-cover ratio is presently 1.7 days. Approximately 1.5% of the company's stock are sold short.

Verra Mobility Stock Up 0.4%

Shares of VRRM traded up $0.09 during mid-day trading on Thursday, hitting $24.38. 668,789 shares of the company traded hands, compared to its average volume of 1,174,426. Verra Mobility has a 1-year low of $19.51 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 company has a market capitalization of $3.89 billion, a PE ratio of 40.63, a price-to-earnings-growth ratio of 2.18 and a beta of 0.80. The business has a 50 day moving average of $22.80 and a 200 day moving average of $23.59.

Verra Mobility (NASDAQ:VRRM - Get Free Report) last posted its quarterly earnings data on Wednesday, May 7th. The company reported $0.30 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.29 by $0.01. Verra Mobility had a net margin of 11.64% and a return on equity of 38.97%. The firm had revenue of $223.25 million for the quarter, compared to the consensus estimate of $216.94 million. During the same quarter in the prior year, the company posted $0.27 earnings per share. The company's revenue for the quarter was up 6.5% compared to the same quarter last year. Equities research analysts anticipate that Verra Mobility will post 1.08 EPS for the current year.

Wall Street Analyst Weigh In

A number of equities analysts have commented on VRRM shares. Morgan Stanley reduced their target price on shares of Verra Mobility from $25.00 to $23.00 and set an "equal weight" rating for the company in a report on Thursday, March 27th. Baird R W upgraded shares of Verra Mobility from a "hold" rating to a "strong-buy" rating in a report on Tuesday, April 22nd. UBS Group reduced their target price on shares of Verra Mobility from $31.50 to $29.50 and set a "buy" rating for the company in a report on Thursday, May 8th. Finally, Robert W. Baird boosted their target price on shares of Verra Mobility from $27.00 to $28.00 and gave the stock an "outperform" rating in a report on Thursday, May 8th. One research analyst has rated the stock with a hold rating, three have assigned a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, Verra Mobility currently has an average rating of "Buy" and a consensus target price of $27.38.

Insider Buying and Selling

In related news, insider Jonathan Keyser sold 18,719 shares of the company's stock in a transaction dated Friday, May 9th. The shares were sold at an average price of $24.28, for a total value of $454,497.32. Following the completion of the sale, the insider now directly owns 1,179 shares of the company's stock, valued at $28,626.12. This represents a 94.07% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 1.05% of the stock is owned by insiders.

Hedge Funds Weigh In On Verra Mobility

Hedge funds and other institutional investors have recently bought and sold shares of the business. Caitong International Asset Management Co. Ltd boosted its position in Verra Mobility by 13,638.5% in the 1st quarter. Caitong International Asset Management Co. Ltd now owns 1,786 shares of the company's stock worth $40,000 after purchasing an additional 1,773 shares in the last quarter. Smartleaf Asset Management LLC boosted its position in Verra Mobility by 245.1% in the 4th quarter. Smartleaf Asset Management LLC now owns 2,309 shares of the company's stock worth $56,000 after purchasing an additional 1,640 shares in the last quarter. Quarry LP boosted its position in Verra Mobility by 361.8% in the 1st quarter. Quarry LP now owns 4,055 shares of the company's stock worth $91,000 after purchasing an additional 3,177 shares in the last quarter. Aster Capital Management DIFC Ltd boosted its position in Verra Mobility by 585.1% in the 4th quarter. Aster Capital Management DIFC Ltd now owns 4,720 shares of the company's stock worth $114,000 after purchasing an additional 4,031 shares in the last quarter. Finally, Arcadia Investment Management Corp MI purchased a new stake in Verra Mobility in the 4th quarter worth approximately $129,000.

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.