Verra Mobility Corp (NASDAQ:VRRM) Short Interest Update
by Renee Jackson · The Cerbat GemVerra Mobility Corp (NASDAQ:VRRM – Get Free Report) was the recipient of a large decrease in short interest in the month of March. As of March 31st, there was short interest totaling 3,953,116 shares, a decrease of 21.7% from the March 15th total of 5,047,061 shares. Currently, 2.6% of the shares of the company are short sold. Based on an average daily volume of 1,965,207 shares, the days-to-cover ratio is currently 2.0 days.
Analyst Upgrades and Downgrades
A number of analysts recently issued reports on VRRM shares. Robert W. Baird set a $24.00 target price on Verra Mobility in a research report on Wednesday, February 25th. Morgan Stanley decreased their price objective on Verra Mobility from $24.00 to $20.00 and set an “equal weight” rating for the company in a research report on Wednesday, February 25th. Wall Street Zen raised Verra Mobility from a “hold” rating to a “buy” rating in a research report on Saturday, April 11th. JPMorgan Chase & Co. decreased their price objective on Verra Mobility from $21.00 to $19.00 and set a “neutral” rating for the company in a research report on Thursday, March 26th. Finally, Weiss Ratings reaffirmed a “hold (c)” rating on shares of Verra Mobility in a research report on Monday, December 29th. Two investment analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target of $23.50.
Check Out Our Latest Stock Analysis on Verra Mobility
Institutional Inflows and Outflows
Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Hsbc Holdings PLC acquired a new position in shares of Verra Mobility during the fourth quarter worth about $289,000. Caitong International Asset Management Co. Ltd lifted its stake in shares of Verra Mobility by 967.8% during the fourth quarter. Caitong International Asset Management Co. Ltd now owns 1,260 shares of the company’s stock worth $28,000 after purchasing an additional 1,142 shares in the last quarter. River Road Asset Management LLC lifted its stake in shares of Verra Mobility by 441.6% during the fourth quarter. River Road Asset Management LLC now owns 2,984,760 shares of the company’s stock worth $66,888,000 after purchasing an additional 2,433,610 shares in the last quarter. Empowered Funds LLC purchased a new stake in shares of Verra Mobility during the fourth quarter worth about $109,000. Finally, XTX Topco Ltd increased its position in shares of Verra Mobility by 896.8% during the fourth quarter. XTX Topco Ltd now owns 205,095 shares of the company’s stock worth $4,596,000 after acquiring an additional 184,519 shares during the last quarter.
Verra Mobility Price Performance
Verra Mobility stock traded up $0.47 during mid-day trading on Friday, hitting $15.31. 156,834 shares of the company were exchanged, compared to its average volume of 1,598,884. The company has a debt-to-equity ratio of 3.49, a current ratio of 2.10 and a quick ratio of 2.00. The business’s 50 day simple moving average is $16.04 and its two-hundred day simple moving average is $20.23. The company has a market capitalization of $2.32 billion, a P/E ratio of 17.98, a PEG ratio of 2.44 and a beta of 0.68. Verra Mobility has a 12-month low of $13.84 and a 12-month high of $25.83.
Verra Mobility (NASDAQ:VRRM – Get Free Report) last released its quarterly earnings results on Tuesday, February 24th. The company reported $0.30 earnings per share for the quarter, missing the consensus estimate of $0.32 by ($0.02). The company had revenue of $257.86 million for the quarter, compared to analysts’ expectations of $241.17 million. Verra Mobility had a return on equity of 57.45% and a net margin of 13.95%.The business’s quarterly revenue was up 16.4% on a year-over-year basis. During the same period in the previous year, the business posted $0.33 EPS. Verra Mobility has set its FY 2026 guidance at 1.320-1.380 EPS. Analysts forecast that Verra Mobility will post 1.08 earnings per share for the current fiscal year.
Verra Mobility Company Profile
Verra Mobility, traded on the Nasdaq under the ticker VRRM, is a leading provider of smart mobility solutions designed to improve safety, efficiency and compliance for transportation authorities and commercial fleets. The company develops and operates automated traffic enforcement systems, toll and violation management platforms, and connected-vehicle services. Through its technology offerings, Verra Mobility helps public agencies enhance road safety, reduce congestion and streamline revenue collection for tolling and parking.
Verra Mobility’s core products include red-light and speed-camera enforcement programs, license plate recognition systems, and cloud-based violation processing software.