Verra Mobility Corp (NASDAQ:VRRM) Short Interest Update

Verra Mobility Corp (NASDAQ:VRRM) was the target of a significant increase in short interest in March. As of March 13th, there was short interest totaling 5,047,061 shares, an increase of 17.8% from the February 26th total of 4,284,945 shares. Based on an average trading volume of 1,367,571 shares, the days-to-cover ratio is presently 3.7 days. Currently, 3.4% of the company’s stock are sold short.

Verra Mobility Stock Performance

NASDAQ:VRRM traded up $0.17 during trading hours on Tuesday, reaching $14.31. 423,603 shares of the stock were exchanged, compared to its average volume of 1,619,059. The stock has a market capitalization of $2.17 billion, a P/E ratio of 16.81, a P/E/G ratio of 2.26 and a beta of 0.60. The firm has a 50 day simple moving average of $17.43 and a 200-day simple moving average of $21.06. The company has a quick ratio of 2.00, a current ratio of 2.10 and a debt-to-equity ratio of 3.49. Verra Mobility has a 52 week low of $13.84 and a 52 week high of $25.83.

Verra Mobility (NASDAQ:VRRM) last issued its quarterly earnings results on Tuesday, February 24th. The company reported $0.30 earnings per share for the quarter, missing analysts’ consensus estimates of $0.32 by ($0.02). The firm had revenue of $257.86 million during the quarter, compared to the consensus estimate of $241.17 million. Verra Mobility had a net margin of 13.95% and a return on equity of 57.45%. Verra Mobility’s revenue was up 16.4% compared to the same quarter last year. During the same quarter last year, the firm posted $0.33 earnings per share. Verra Mobility has set its FY 2026 guidance at 1.320-1.380 EPS. As a group, sell-side analysts forecast that Verra Mobility will post 1.08 earnings per share for the current fiscal year.

Institutional Trading of Verra Mobility

A number of institutional investors and hedge funds have recently modified their holdings of VRRM. Global Retirement Partners LLC acquired a new position in shares of Verra Mobility in the 4th quarter valued at about $27,000. Caitong International Asset Management Co. Ltd lifted its holdings in Verra Mobility by 967.8% in the fourth quarter. Caitong International Asset Management Co. Ltd now owns 1,260 shares of the company’s stock worth $28,000 after acquiring an additional 1,142 shares during the last quarter. Rothschild Investment LLC boosted its stake in 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 acquiring an additional 822 shares during the period. Salomon & Ludwin LLC boosted its stake in Verra Mobility by 100.7% in the fourth quarter. Salomon & Ludwin LLC now owns 1,497 shares of the company’s stock valued at $34,000 after acquiring an additional 751 shares during the period. Finally, EverSource Wealth Advisors LLC grew its holdings in shares of Verra Mobility by 439.4% during the second quarter. EverSource Wealth Advisors LLC now owns 1,494 shares of the company’s stock valued at $38,000 after purchasing an additional 1,217 shares during the last quarter.

Analysts Set New Price Targets

Several research firms have issued reports on VRRM. JPMorgan Chase & Co. dropped their price objective on Verra Mobility from $21.00 to $19.00 and set a “neutral” rating on the stock in a report on Thursday, March 26th. Weiss Ratings reissued a “hold (c)” rating on shares of Verra Mobility in a research report on Monday, December 29th. Wall Street Zen cut shares of Verra Mobility from a “strong-buy” rating to a “hold” rating in a report on Saturday, February 28th. Morgan Stanley reduced their price objective on shares of Verra Mobility from $24.00 to $20.00 and set an “equal weight” rating on the stock in a research note on Wednesday, February 25th. Finally, Robert W. Baird set a $24.00 price objective on shares of Verra Mobility in a report on Wednesday, February 25th. Two equities research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company. Based on data from MarketBeat, Verra Mobility has an average rating of “Hold” and a consensus price target of $23.50.

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.