Verra Mobility Corp (NASDAQ:VRRM) was the target of a significant increase in short interest in June. As of June 15th, there was short interest totalling 6,768,800 shares, an increase of 38.7% from the May 15th total of 4,880,700 shares. Currently, 7.4% of the shares of the company are sold short. Based on an average trading volume of 1,050,000 shares, the short-interest ratio is presently 6.4 days.
Shares of NASDAQ VRRM traded down $0.08 on Friday, hitting $13.79. The company’s stock had a trading volume of 618,844 shares, compared to its average volume of 821,953. Verra Mobility has a 12-month low of $9.00 and a 12-month high of $15.07. The stock has a market cap of $2.18 billion, a P/E ratio of -20.58 and a beta of 0.40. The company has a debt-to-equity ratio of 2.82, a current ratio of 2.44 and a quick ratio of 2.44. The company has a 50 day simple moving average of $13.11.
Verra Mobility (NASDAQ:VRRM) last announced its quarterly earnings results on Monday, May 6th. The company reported $0.17 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.10 by $0.07. The business had revenue of $98.46 million during the quarter, compared to analysts’ expectations of $91.60 million. On average, sell-side analysts forecast that Verra Mobility will post 0.8 earnings per share for the current fiscal year.
Large investors have recently bought and sold shares of the company. Marshall Wace North America L.P. acquired a new position in shares of Verra Mobility in the first quarter valued at approximately $90,000. United Services Automobile Association acquired a new position in shares of Verra Mobility in the fourth quarter valued at approximately $112,000. Anderson Hoagland & Co. acquired a new position in shares of Verra Mobility in the second quarter valued at approximately $618,000. Her Majesty the Queen in Right of the Province of Alberta as represented by Alberta Investment Management Corp acquired a new position in shares of Verra Mobility in the fourth quarter valued at approximately $440,000. Finally, Highbridge Capital Management LLC acquired a new position in shares of Verra Mobility in the fourth quarter valued at approximately $488,000. 42.43% of the stock is owned by institutional investors and hedge funds.
A number of analysts recently commented on the stock. Zacks Investment Research downgraded shares of CSI Compressco from a “hold” rating to a “sell” rating in a report on Friday. William Blair assumed coverage on shares of Verra Mobility in a report on Wednesday, April 24th. They set an “outperform” rating and a $13.08 price objective on the stock. ValuEngine downgraded shares of Zogenix from a “strong-buy” rating to a “buy” rating in a report on Thursday, April 11th. Robert W. Baird set a $25.00 price target on shares of Actuant and gave the company a “buy” rating in a report on Thursday, June 27th. Finally, 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 price target on the stock. One equities research analyst has rated the stock with a sell rating and four have issued a buy rating to the company’s stock. Verra Mobility presently has a consensus rating of “Buy” and a consensus price target of $15.03.
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.
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