Verra Mobility Target of Unusually Large Options Trading (NASDAQ:VRRM)


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Verra Mobility Co. (NASDAQ:VRRM) was the target of unusually large options trading activity on Monday. Stock investors purchased 683 call options on the stock. This represents an increase of approximately 1,266% compared to the typical daily volume of 50 call options.

In other Verra Mobility news, General Counsel Rebecca Collins sold 5,750 shares of the business’s stock in a transaction dated Wednesday, February 24th. The stock was sold at an average price of $15.00, for a total transaction of $86,250.00. Following the completion of the sale, the general counsel now directly owns 23,219 shares of the company’s stock, valued at approximately $348,285. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO David Martin Roberts sold 10,000 shares of the business’s stock in a transaction dated Friday, February 12th. The stock was sold at an average price of $14.33, for a total value of $143,300.00. Following the sale, the chief executive officer now directly owns 505,815 shares of the company’s stock, valued at $7,248,328.95. The disclosure for this sale can be found here. In the last quarter, insiders have sold 25,750 shares of company stock worth $377,350. 0.90% of the stock is owned by corporate insiders.

Institutional investors have recently modified their holdings of the stock. BlackRock Inc. raised its stake in Verra Mobility by 1.1% in the 4th quarter. BlackRock Inc. now owns 9,652,700 shares of the company’s stock valued at $129,540,000 after acquiring an additional 101,178 shares during the period. Scopia Capital Management LP boosted its stake in Verra Mobility by 9.3% in the fourth quarter. Scopia Capital Management LP now owns 7,689,149 shares of the company’s stock worth $103,188,000 after buying an additional 656,604 shares in the last quarter. William Blair Investment Management LLC boosted its stake in Verra Mobility by 9.6% in the fourth quarter. William Blair Investment Management LLC now owns 3,187,904 shares of the company’s stock worth $42,782,000 after buying an additional 280,447 shares in the last quarter. Crescent Park Management L.P. boosted its stake in shares of Verra Mobility by 15.7% during the fourth quarter. Crescent Park Management L.P. now owns 2,469,159 shares of the company’s stock valued at $33,136,000 after purchasing an additional 334,404 shares during the period. Finally, WCM Investment Management LLC raised its holdings in shares of Verra Mobility by 1.7% during the fourth quarter. WCM Investment Management LLC now owns 1,694,274 shares of the company’s stock valued at $22,737,000 after acquiring an additional 28,375 shares in the last quarter. Institutional investors and hedge funds own 89.83% of the company’s stock.

VRRM stock opened at $14.64 on Tuesday. The stock’s 50 day simple moving average is $13.98 and its 200 day simple moving average is $13.17. Verra Mobility has a fifty-two week low of $8.20 and a fifty-two week high of $15.38. The company has a debt-to-equity ratio of 2.51, a quick ratio of 4.16 and a current ratio of 4.16. The company has a market cap of $2.38 billion, a P/E ratio of 133.10 and a beta of 1.45.

Verra Mobility (NASDAQ:VRRM) last posted its quarterly earnings results on Sunday, February 28th. The company reported ($0.01) earnings per share for the quarter, missing analysts’ consensus estimates of $0.11 by ($0.12). Verra Mobility had a return on equity of 26.82% and a net margin of 4.17%. The firm had revenue of $100.16 million for the quarter, compared to analyst estimates of $92.15 million. Equities analysts predict that Verra Mobility will post 0.34 earnings per share for the current year.

Several equities research analysts recently commented on VRRM shares. Morgan Stanley reaffirmed an “equal weight” rating and issued a $14.00 price objective on shares of Verra Mobility in a research report on Wednesday, March 3rd. Zacks Investment Research lowered shares of Verra Mobility from a “buy” rating to a “hold” rating in a research report on Saturday, January 23rd. Finally, BTIG Research upped their price target on shares of Verra Mobility from $15.00 to $18.00 and gave the stock a “buy” rating in a report on Friday, February 12th. Two research analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and a consensus price target of $14.00.

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, which detects and process traffic violations related to red light, speed, school bus, and city bus lanes.

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