Verra Mobility Corp (NASDAQ:VRRM) Short Interest Up 768.3% in July

Key Points

• Verra Mobility Corp experienced a dramatic increase in short interest of 768.3% in July, with total short interest reaching 1,860,000 shares as of July 15th.
• Insider Jonathan Keyser sold 18,719 shares at an average price of $24.28, significantly decreasing his ownership by 94.07%.
• Analysts have mixed views on the stock, with ratings varying from "hold" to "strong-buy," leading to a consensus target price of $27.38.

Verra Mobility Corp (NASDAQ:VRRM - Get Free Report) saw a significant growth in short interest in the month of July. As of July 15th, there was short interest totaling 1,860,000 shares, agrowthof768.3% from the June 30th total of 214,200 shares. Based on an average daily volume of 1,000,000 shares, the days-to-cover ratio is currently 1.9 days. Approximately1.2% of the shares of the company are sold short. Approximately1.2% of the shares of the company are sold short. Based on an average daily volume of 1,000,000 shares, the days-to-cover ratio is currently 1.9 days.

Insider Activity at Verra Mobility

In other news, insider Jonathan Keyser sold 18,719 shares of Verra Mobility stock in a transaction that occurred on 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 directly owned 1,179 shares in the company, valued at approximately $28,626.12. The trade was a 94.07% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Corporate insiders own 1.05% of the company's stock.

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the stock. Farther Finance Advisors LLC boosted its position in Verra Mobility by 46.6% during the 2nd quarter. Farther Finance Advisors LLC now owns 1,447 shares of the company's stock worth $37,000 after buying an additional 460 shares during the period. CWM LLC raised its stake in shares of Verra Mobility by 112.2% during the second quarter. CWM LLC now owns 1,509 shares of the company's stock valued at $38,000 after acquiring an additional 798 shares during the last quarter. Caitong International Asset Management Co. Ltd raised its stake in shares of Verra Mobility by 13,638.5% during the first quarter. Caitong International Asset Management Co. Ltd now owns 1,786 shares of the company's stock valued at $40,000 after acquiring an additional 1,773 shares during the last quarter. Quarry LP lifted its holdings in shares of Verra Mobility by 361.8% during the first quarter. Quarry LP now owns 4,055 shares of the company's stock worth $91,000 after purchasing an additional 3,177 shares during the period. Finally, GAMMA Investing LLC grew its stake in shares of Verra Mobility by 11.6% in the second quarter. GAMMA Investing LLC now owns 4,128 shares of the company's stock worth $105,000 after purchasing an additional 430 shares during the last quarter.

Analyst Upgrades and Downgrades

VRRM has been the topic of several recent analyst reports. Wall Street Zen lowered shares of Verra Mobility from a "strong-buy" rating to a "buy" rating in a report on Saturday, July 26th. Baird R W upgraded shares of Verra Mobility from a "hold" rating to a "strong-buy" rating in a research report on Tuesday, April 22nd. UBS Group lowered their price objective on shares of Verra Mobility from $31.50 to $29.50 and set a "buy" rating for the company in a research report on Thursday, May 8th. Finally, Robert W. Baird upped their target price on Verra Mobility from $27.00 to $28.00 and gave the stock an "outperform" rating in a research note on Thursday, May 8th. One research analyst has rated the stock with a hold rating, four have given a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, the company has an average rating of "Buy" and a consensus target price of $27.38.

Verra Mobility Stock Down 2.5%

Shares of NASDAQ VRRM opened at $24.64 on Friday. The company has a market cap of $3.93 billion, a price-to-earnings ratio of 123.20, a PEG ratio of 2.43 and a beta of 0.79. The company has a current ratio of 2.19, a quick ratio of 2.10 and a debt-to-equity ratio of 3.45. Verra Mobility has a 12 month low of $19.51 and a 12 month high of $29.97. The stock has a 50-day moving average price of $24.66 and a two-hundred day moving average price of $23.84.

Verra Mobility (NASDAQ:VRRM - Get Free Report) last announced its quarterly earnings results 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. The company had revenue of $223.25 million for the quarter, compared to analyst estimates of $216.94 million. Verra Mobility had a net margin of 3.88% and a return on equity of 51.05%. The firm's revenue was up 6.5% on a year-over-year basis. During the same period in the previous year, the firm posted $0.27 EPS. As a group, analysts forecast that Verra Mobility will post 1.08 earnings per share 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.

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