Verra Mobility Corp (NASDAQ:VRRM) was the target of a large growth in short interest in the month of June. As of June 30th, there was short interest totalling 11,024,500 shares, a growth of 62.9% from the May 30th total of 6,768,800 shares. Currently, 12.0% of the shares of the company are short sold. Based on an average trading volume of 1,300,000 shares, the days-to-cover ratio is currently 8.5 days.
NASDAQ:VRRM traded down $0.17 during midday trading on Thursday, reaching $13.55. The stock had a trading volume of 999,546 shares, compared to its average volume of 832,532. The business’s fifty day simple moving average is $13.18. Verra Mobility has a 12-month low of $9.00 and a 12-month high of $15.07. The company has a current ratio of 2.44, a quick ratio of 2.44 and a debt-to-equity ratio of 2.82. The stock has a market cap of $2.18 billion, a PE ratio of -20.22 and a beta of 0.40.
Verra Mobility (NASDAQ:VRRM) last posted its quarterly earnings data on Monday, May 6th. The company reported $0.17 earnings per share for the quarter, beating analysts’ consensus estimates of $0.10 by $0.07. The firm had revenue of $98.46 million during the quarter, compared to analysts’ expectations of $91.60 million. As a group, sell-side analysts expect that Verra Mobility will post 0.8 EPS for the current year.
A number of equities analysts have recently commented on VRRM shares. ValuEngine cut shares of Zogenix from a “strong-buy” rating to a “buy” rating in a report on Thursday, April 11th. William Blair started coverage on shares of Verra Mobility in a report on Wednesday, April 24th. They issued an “outperform” rating and a $13.08 target price on the stock. BTIG Research started coverage on shares of Verra Mobility in a report on Wednesday, March 27th. They issued a “buy” rating and a $15.00 target price on the stock. Robert W. Baird set a $25.00 target price on shares of Actuant and gave the company a “buy” rating in a report on Thursday, June 27th. Finally, Zacks Investment Research cut shares of Yatra Online from a “hold” rating to a “sell” rating in a report on Saturday, July 6th. One investment analyst has rated the stock with a hold rating and four have issued a buy rating to the stock. The stock presently has a consensus rating of “Buy” and an average price target of $15.03.
In other news, Director Platinum Equity Llc sold 2,250,000 shares of Verra Mobility stock in a transaction on Monday, July 8th. The shares were sold at an average price of $12.13, for a total value of $27,292,500.00. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Insiders own 0.72% of the company’s stock.
A number of large investors have recently bought and sold shares of the stock. Anderson Hoagland & Co. purchased a new stake in shares of Verra Mobility during the 2nd quarter worth about $618,000. Cortina Asset Management LLC purchased a new stake in shares of Verra Mobility during the 2nd quarter worth about $8,142,000. FMR LLC grew its holdings in shares of Verra Mobility by 15.9% during the 1st quarter. FMR LLC now owns 8,587,585 shares of the company’s stock worth $102,192,000 after purchasing an additional 1,176,434 shares during the period. Adirondack Research & Management Inc. purchased a new stake in shares of Verra Mobility during the 1st quarter worth about $711,000. Finally, Marshall Wace North America L.P. purchased a new stake in shares of Verra Mobility during the 1st quarter worth about $90,000. Hedge funds and other institutional investors own 42.01% of the company’s stock.
Verra Mobility Company Profile
Verra Mobility Corporation provides smart mobility technology solutions and services in the United States, Canada, and Europe. It operates through two segments, Government Solutions and Commercial Services. The Government Solutions segment offers automated safety solutions, including services and technologies that enable photo enforcement through road safety camera programs related to red light, speed, school bus, and city bus lanes.
Further Reading: How are the companies in the S&P 500 selected?
Receive News & Ratings for Verra Mobility Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Verra Mobility and related companies with MarketBeat.com's FREE daily email newsletter.