Verra Mobility Corp (NASDAQ:VRRM) Short Interest Update

Verra Mobility Corp (NASDAQ:VRRM) was the target of a significant decline in short interest in the month of April. As of April 15th, there was short interest totaling 3,159,366 shares, a decline of 20.1% from the March 31st total of 3,953,116 shares. Currently, 2.1% of the shares of the stock are short sold. Based on an average daily trading volume, of 1,522,012 shares, the short-interest ratio is presently 2.1 days.

Verra Mobility Trading Up 0.4%

Shares of VRRM stock opened at $14.89 on Friday. The stock has a 50 day simple moving average of $15.36 and a 200 day simple moving average of $19.60. The company has a current ratio of 2.10, a quick ratio of 2.00 and a debt-to-equity ratio of 3.49. Verra Mobility has a 1 year low of $13.84 and a 1 year high of $25.83. The stock has a market cap of $2.25 billion, a P/E ratio of 17.52, a price-to-earnings-growth ratio of 2.42 and a beta of 0.67.

Verra Mobility (NASDAQ:VRRM) last released its earnings results on Tuesday, February 24th. The company reported $0.30 earnings per share for the quarter, missing the consensus estimate of $0.32 by ($0.02). Verra Mobility had a return on equity of 57.45% and a net margin of 13.95%.The business had revenue of $257.86 million for the quarter, compared to the consensus estimate of $241.17 million. During the same quarter in the previous year, the company earned $0.33 earnings per share. The firm’s revenue for the quarter was up 16.4% on a year-over-year basis. Verra Mobility has set its FY 2026 guidance at 1.320-1.380 EPS. On average, research analysts predict that Verra Mobility will post 1.23 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

VRRM has been the subject of several recent research reports. Robert W. Baird set a $24.00 price target on Verra Mobility in a research note on Wednesday, February 25th. Wall Street Zen upgraded Verra Mobility from a “hold” rating to a “buy” rating in a research note on Monday, April 27th. Morgan Stanley cut their price target on Verra Mobility from $24.00 to $20.00 and set an “equal weight” rating for the company in a research note on Wednesday, February 25th. Finally, JPMorgan Chase & Co. cut their price target on Verra Mobility from $21.00 to $19.00 and set a “neutral” rating for the company in a research note on Thursday, March 26th. Two analysts have rated the stock with a Buy rating and three have given a Hold rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price of $23.50.

Institutional Investors Weigh In On Verra Mobility

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. SG Americas Securities LLC lifted its stake in Verra Mobility by 144.4% during the fourth quarter. SG Americas Securities LLC now owns 269,649 shares of the company’s stock worth $6,043,000 after purchasing an additional 159,331 shares during the last quarter. Allspring Global Investments Holdings LLC bought a new stake in Verra Mobility during the third quarter worth $1,602,000. Sunriver Management LLC lifted its stake in Verra Mobility by 10.7% during the third quarter. Sunriver Management LLC now owns 2,284,774 shares of the company’s stock worth $56,434,000 after purchasing an additional 219,976 shares during the last quarter. Thornburg Investment Management Inc. bought a new stake in Verra Mobility during the third quarter worth $7,597,000. Finally, William Blair Investment Management LLC lifted its stake in Verra Mobility by 34.7% during the third quarter. William Blair Investment Management LLC now owns 3,479,448 shares of the company’s stock worth $85,942,000 after purchasing an additional 896,564 shares during the last quarter.

About Verra Mobility

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.