Verra Mobility Corp (NASDAQ:VRRM) Stock Short Interest Report for September

Verra Mobility Corp (NASDAQ:VRRM) was the recipient of a large drop in short interest during the month of September. As of September 30th, there was short interest totaling 7,961,941 shares, a drop of 44.4% from the September 15th total of 14,332,749 shares. Currently, 5.3% of the shares of the company are short sold. Based on an average daily volume of 8,737,663 shares, the days-to-cover ratio is presently 0.9 days.

Analysts Set New Price Targets

A number of equities research analysts have recently weighed in on VRRM shares. UBS Group lifted their price target on Verra Mobility from $4.00 to $6.00 and gave the company a “neutral” rating in a report on Friday, August 7th. JPMorgan Chase & Co. dropped their price target on shares of Verra Mobility from $6.00 to $5.00 and set a “neutral” rating on the stock in a research report on Tuesday. Weiss Ratings reissued a “sell (d)” rating on shares of Verra Mobility in a report on Monday, September 14th. Morgan Stanley set a $5.00 target price on Verra Mobility in a research note on Thursday, August 6th. Finally, Zacks Research upgraded shares of Verra Mobility from a “strong sell” rating to a “hold” rating in a report on Thursday, August 13th. Nine analysts have rated the stock with a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Reduce” and a consensus price target of $6.83.

Institutional Investors Weigh In On Verra Mobility

Several large investors have recently made changes to their positions in the company. Caitong International Asset Management Co. Ltd raised its position in 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 valued at $28,000 after acquiring an additional 1,142 shares in the last quarter. Annis Gardner Whiting Capital Advisors LLC acquired a new stake in Verra Mobility in the first quarter valued at approximately $71,000. HB Wealth Management LLC bought a new stake in Verra Mobility in the second quarter worth approximately $43,000. 180 Wealth Advisors LLC bought a new stake in Verra Mobility in the first quarter worth approximately $145,000. Finally, Everhart Financial Group Inc. acquired a new position in shares of Verra Mobility during the 3rd quarter worth $32,000.

Verra Mobility Stock Up 0.2%

NASDAQ:VRRM traded up $0.01 on Thursday, hitting $2.94. 2,844,750 shares of the company’s stock traded hands, compared to its average volume of 4,495,861. The firm has a 50-day moving average price of $3.83 and a 200-day moving average price of $7.09. The company has a current ratio of 2.06, a quick ratio of 1.96 and a debt-to-equity ratio of 4.58. Verra Mobility has a 1 year low of $2.62 and a 1 year high of $25.45. The company has a market cap of $447.59 million, a PE ratio of 11.37 and a beta of 0.42.

Verra Mobility (NASDAQ:VRRM) last announced its quarterly earnings data on Wednesday, August 5th. The company reported $0.38 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.33 by $0.05. Verra Mobility had a return on equity of 64.39% and a net margin of 4.40%. The business had revenue of $263.59 million during the quarter, compared to analyst estimates of $254.81 million. During the same period last year, the company earned $0.34 earnings per share. Verra Mobility’s quarterly revenue was up 11.7% compared to the same quarter last year. Equities analysts anticipate that Verra Mobility will post 1.11 EPS for the current fiscal year.

About Verra Mobility

Verra Mobility Corporation (NASDAQ: VRRM) is a smart mobility technology company that provides solutions designed to make transportation safer, more efficient and easier to manage. Its customers include government agencies, commercial fleets, rental car companies and other organizations that oversee vehicles, roads and transportation programs.

The company’s government solutions include automated traffic enforcement technologies and services, such as systems used to help administer red-light, speed, school-bus-stop-arm and other roadway safety programs.