Verra Mobility Corp (NASDAQ:VRRM) Sees Significant Increase in Short Interest

Verra Mobility Corp (NASDAQ:VRRM) saw a large growth in short interest during the month of December. As of December 31st, there was short interest totaling 5,023,284 shares, a growth of 52.2% from the December 15th total of 3,301,422 shares. Approximately 3.2% of the company’s shares are sold short. Based on an average trading volume of 1,354,938 shares, the short-interest ratio is presently 3.7 days. Based on an average trading volume of 1,354,938 shares, the short-interest ratio is presently 3.7 days. Approximately 3.2% of the company’s shares are sold short.

Verra Mobility Stock Up 0.9%

Verra Mobility stock traded up $0.20 during midday trading on Friday, reaching $22.49. The stock had a trading volume of 263,157 shares, compared to its average volume of 1,005,742. The stock has a market capitalization of $3.59 billion, a P/E ratio of 70.28, a price-to-earnings-growth ratio of 3.63 and a beta of 0.60. Verra Mobility has a 1-year low of $19.51 and a 1-year high of $27.20. The firm’s fifty day simple moving average is $22.21 and its 200-day simple moving average is $23.71. The company has a debt-to-equity ratio of 2.55, a quick ratio of 2.35 and a current ratio of 2.45.

Verra Mobility (NASDAQ:VRRM) last announced its earnings results on Wednesday, October 29th. The company reported $0.37 EPS for the quarter, topping the consensus estimate of $0.34 by $0.03. Verra Mobility had a net margin of 5.42% and a return on equity of 60.72%. The business had revenue of $261.94 million during the quarter, compared to analysts’ expectations of $237.68 million. During the same quarter in the prior year, the company posted $0.32 earnings per share. The firm’s revenue was up 16.1% on a year-over-year basis. Verra Mobility has set its FY 2025 guidance at 1.300-1.350 EPS. As a group, analysts expect that Verra Mobility will post 1.08 EPS for the current fiscal year.

Institutional Investors Weigh In On Verra Mobility

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. Rothschild Investment LLC grew its stake in shares of Verra Mobility by 238.3% in the third quarter. Rothschild Investment LLC now owns 1,167 shares of the company’s stock valued at $29,000 after buying an additional 822 shares in the last quarter. Farther Finance Advisors LLC grew its holdings in Verra Mobility by 46.6% during the second quarter. Farther Finance Advisors LLC now owns 1,447 shares of the company’s stock worth $37,000 after purchasing an additional 460 shares during the period. EverSource Wealth Advisors LLC increased its position in Verra Mobility by 439.4% during the second quarter. EverSource Wealth Advisors LLC now owns 1,494 shares of the company’s stock worth $38,000 after buying an additional 1,217 shares during the last quarter. CWM LLC boosted its stake in shares of Verra Mobility by 112.2% during the 2nd quarter. CWM LLC now owns 1,509 shares of the company’s stock worth $38,000 after acquiring an additional 798 shares during the period. Finally, Neo Ivy Capital Management acquired a new position in shares of Verra Mobility during the 3rd quarter worth approximately $60,000.

Analyst Upgrades and Downgrades

VRRM has been the subject of a number of analyst reports. Wall Street Zen raised Verra Mobility from a “buy” rating to a “strong-buy” rating in a research note on Saturday, December 20th. UBS Group lifted their price objective on shares of Verra Mobility from $29.00 to $31.00 and gave the stock a “buy” rating in a research note on Thursday, October 30th. Finally, Weiss Ratings reissued a “hold (c)” rating on shares of Verra Mobility in a research report on Monday, December 29th. One analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating and two have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, Verra Mobility currently has a consensus rating of “Moderate Buy” and an average target price of $28.00.

About Verra Mobility

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.