Short Interest in Verra Mobility Co. (NASDAQ:VRRM) Drops By 21.2%

Verra Mobility Co. (NASDAQ:VRRMGet Free Report) was the target of a significant decrease in short interest in May. As of May 15th, there was short interest totalling 2,710,000 shares, a decrease of 21.2% from the April 30th total of 3,440,000 shares. Based on an average trading volume of 984,600 shares, the short-interest ratio is currently 2.8 days. Currently, 1.7% of the company’s stock are short sold.

Insider Buying and Selling

In related news, Director John H. Rexford sold 10,000 shares of the company’s stock in a transaction dated Tuesday, March 12th. The stock was sold at an average price of $22.82, for a total transaction of $228,200.00. Following the sale, the director now owns 41,275 shares in the company, valued at $941,895.50. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In related news, Director John H. Rexford sold 10,000 shares of the company’s stock in a transaction dated Tuesday, March 12th. The stock was sold at an average price of $22.82, for a total transaction of $228,200.00. Following the sale, the director now owns 41,275 shares in the company, valued at $941,895.50. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Jonathan Keyser sold 7,789 shares of the company’s stock in a transaction that occurred on Monday, March 4th. The shares were sold at an average price of $22.41, for a total value of $174,551.49. The disclosure for this sale can be found here. 0.96% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Verra Mobility

Institutional investors and hedge funds have recently made changes to their positions in the company. Dimensional Fund Advisors LP grew its position in shares of Verra Mobility by 6.9% in the fourth quarter. Dimensional Fund Advisors LP now owns 2,953,696 shares of the company’s stock valued at $68,024,000 after purchasing an additional 189,492 shares during the last quarter. American Century Companies Inc. grew its position in Verra Mobility by 1,439.4% during the third quarter. American Century Companies Inc. now owns 1,707,090 shares of the company’s stock worth $31,923,000 after buying an additional 1,596,194 shares in the last quarter. Principal Financial Group Inc. grew its position in Verra Mobility by 67.0% during the fourth quarter. Principal Financial Group Inc. now owns 3,676,017 shares of the company’s stock worth $84,659,000 after buying an additional 1,474,740 shares in the last quarter. Meritage Portfolio Management grew its position in Verra Mobility by 5.6% during the fourth quarter. Meritage Portfolio Management now owns 30,399 shares of the company’s stock worth $700,000 after buying an additional 1,605 shares in the last quarter. Finally, Rhumbline Advisers grew its position in Verra Mobility by 10.6% during the third quarter. Rhumbline Advisers now owns 457,147 shares of the company’s stock worth $8,549,000 after buying an additional 43,733 shares in the last quarter.

Wall Street Analyst Weigh In

Separately, Morgan Stanley upped their price objective on Verra Mobility from $19.00 to $20.00 and gave the company an “equal weight” rating in a research note on Tuesday, February 27th.

Read Our Latest Report on Verra Mobility

Verra Mobility Price Performance

Verra Mobility stock opened at $26.64 on Friday. Verra Mobility has a 12 month low of $17.04 and a 12 month high of $28.45. The stock’s 50 day moving average is $25.47 and its 200-day moving average is $23.30. The company has a current ratio of 2.75, a quick ratio of 2.64 and a debt-to-equity ratio of 2.31. The company has a market capitalization of $4.44 billion, a price-to-earnings ratio of 53.28, a PEG ratio of 1.80 and a beta of 1.16.

Verra Mobility (NASDAQ:VRRMGet Free Report) last posted its earnings results on Thursday, May 2nd. The company reported $0.25 EPS for the quarter, beating the consensus estimate of $0.24 by $0.01. Verra Mobility had a return on equity of 37.87% and a net margin of 9.77%. The company had revenue of $209.73 million for the quarter, compared to the consensus estimate of $202.78 million. Equities research analysts expect that Verra Mobility will post 1.09 EPS for the current year.

About Verra Mobility

(Get Free Report)

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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