Verra Mobility Corp (NASDAQ:VRRM) Short Interest Update

Verra Mobility Corp (NASDAQ:VRRM) was the target of a significant increase in short interest in the month of 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. Currently, 3.4% of the company’s stock are short sold. Based on an average daily volume of 1,367,571 shares, the days-to-cover ratio is presently 3.7 days.

Hedge Funds Weigh In On Verra Mobility

Hedge funds have recently bought and sold shares of the business. State of Wyoming raised its holdings in Verra Mobility by 1.5% during the third quarter. State of Wyoming now owns 31,483 shares of the company’s stock valued at $778,000 after buying an additional 454 shares in the last quarter. Smartleaf Asset Management LLC increased its holdings in shares of Verra Mobility by 14.9% during the 3rd quarter. Smartleaf Asset Management LLC now owns 3,922 shares of the company’s stock valued at $97,000 after acquiring an additional 508 shares during the last quarter. Victory Capital Management Inc. raised its stake in shares of Verra Mobility by 1.1% in the 3rd quarter. Victory Capital Management Inc. now owns 45,583 shares of the company’s stock valued at $1,126,000 after acquiring an additional 511 shares in the last quarter. EverSource Wealth Advisors LLC lifted its holdings in Verra Mobility by 35.2% in the 3rd quarter. EverSource Wealth Advisors LLC now owns 2,020 shares of the company’s stock worth $50,000 after purchasing an additional 526 shares during the last quarter. Finally, Nisa Investment Advisors LLC boosted its position in Verra Mobility by 9.7% during the third quarter. Nisa Investment Advisors LLC now owns 6,522 shares of the company’s stock worth $161,000 after purchasing an additional 574 shares during the period.

Verra Mobility Price Performance

Shares of VRRM opened at $14.29 on Wednesday. The firm has a market cap of $2.16 billion, a PE ratio of 16.81, a PEG ratio of 2.30 and a beta of 0.60. The firm’s 50 day moving average price is $17.27 and its 200 day moving average price is $20.99. The company has a debt-to-equity ratio of 3.49, a quick ratio of 2.00 and a current ratio of 2.10. Verra Mobility has a twelve month low of $13.84 and a twelve month high of $25.83.

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

Analyst Ratings Changes

VRRM has been the subject of a number of research analyst reports. Wall Street Zen downgraded shares of Verra Mobility from a “strong-buy” rating to a “hold” rating in a research report on Saturday, February 28th. Robert W. Baird set a $24.00 price target on shares of Verra Mobility in a report on Wednesday, February 25th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Verra Mobility in a research note on Monday, December 29th. Morgan Stanley cut their price objective on Verra Mobility from $24.00 to $20.00 and set an “equal weight” rating for the company in a report on Wednesday, February 25th. Finally, JPMorgan Chase & Co. reduced 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. Two investment analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. Based on data from MarketBeat.com, Verra Mobility has a consensus rating of “Hold” and an average target price 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.